$UNFI

UNITED NATURAL FOODS INC

CIK:0001020859|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 03, 2024
Income Statement [Abstract]
Net sales	$ 31,152	$ 31,784	$ 30,980
Cost of sales	26,956	27,562	26,779
Gross profit	4,196	4,222	4,201
Operating expenses	3,906	4,117	4,100
Restructuring, acquisition and integration related expenses	52	94	36
Loss (gain) on sale of assets and other asset charges	27	42	57
Operating income (loss)	211	(31)	8
Net periodic benefit income, excluding service cost	(23)	(20)	(15)
Interest expense, net	126	146	162
Other expense (income), net	6	(3)	(2)
Income (loss) before income taxes	102	(154)	(137)
Provision (benefit) for income taxes	18	(39)	(27)
Net income (loss) including noncontrolling interests	84	(115)	(110)
Less net income attributable to noncontrolling interests	0	(3)	(2)
Net income (loss) attributable to United Natural Foods, Inc.	$ 84	$ (118)	$ (112)
Earnings (loss) per share
Basic earnings (loss) per share (in dollars per share)	$ 1.39	$ (1.95)	$ (1.89)
Diluted earnings (loss) per share (in dollars per share)	$ 1.34	$ (1.95)	$ (1.89)
Weighted average shares outstanding:
Basic (in shares)	60.7	60.2	59.3
Diluted (in shares)	62.8	60.2	59.3

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 03, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) including noncontrolling interests	$ 84	$ (115)	$ (110)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	303	321	319
Share-based compensation	61	43	39
Loss (gain) on sale of assets	(12)	(4)	(7)
Long-lived asset impairment charges	30	25	43
Net pension and other postretirement benefit income	(23)	(20)	(15)
Deferred income tax expense (benefit)	27	(56)	(49)
LIFO charge (benefit)	19	(2)	7
Provision for losses on receivables	34	3	3
Loss on debt extinguishment	2	4	0
Non-cash interest expense and other adjustments	5	5	18
Changes in operating assets and liabilities:
Accounts and notes receivable	131	(142)	(68)
Inventories	130	87	104
Prepaid expenses and other assets	115	276	(157)
Accounts payable	(119)	200	(81)
Accrued expenses and other liabilities	(247)	(155)	207
Net cash provided by operating activities	540	470	253
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for capital expenditures	(217)	(231)	(345)
Proceeds from dispositions of assets	56	30	25
Payments for investments	(14)	(18)	(23)
Other investing	6	1	1
Net cash used in investing activities	(169)	(218)	(342)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under revolving credit line	3,524	3,528	2,571
Proceeds from issuance of other loans	3	13	15
Repayments of borrowings under revolving credit line	(3,660)	(3,642)	(2,270)
Repayments of long-term debt and finance leases	(167)	(124)	(191)
Repurchases of common stock	(50)	0	0
Payments of employee restricted stock tax withholdings	(15)	(10)	(7)
Payments for debt issuance costs	(8)	(1)	(18)
Distributions to noncontrolling interests	(2)	(4)	(4)
Repayments of other loans	(2)	(8)	(2)
Other financing	0	0	(2)
Net cash (used in) provided by financing activities	(377)	(248)	92
EFFECT OF EXCHANGE RATE ON CASH	(1)	0	0
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(7)	4	3
Cash and cash equivalents, at beginning of period	44	40	37
Cash and cash equivalents, at end of period	37	44	40
Supplemental disclosures of cash flow information:
Cash paid for interest	127	147	159
Additions of property and equipment included in Accounts payable	$ 24	$ 7	$ 21

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 01, 2026	Aug. 02, 2025
ASSETS
Cash and cash equivalents	$ 37	$ 44
Accounts receivable, net	921	1,093
Inventories, net	1,946	2,095
Prepaid expenses and other current assets	234	191
Total current assets	3,138	3,423
Property and equipment, net	1,716	1,749
Operating lease assets	1,334	1,474
Goodwill	19	19
Intangible assets, net	509	576
Deferred income taxes	158	162
Other long-term assets	235	192
Total assets	7,109	7,595
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	1,771	1,875
Accrued expenses and other current liabilities	305	319
Accrued compensation and benefits	214	227
Current portion of operating lease liabilities	143	173
Current portion of long-term debt and finance lease liabilities	5	8
Total current liabilities	2,438	2,602
Long-term debt	1,561	1,859
Long-term operating lease liabilities	1,316	1,400
Long-term finance lease liabilities	10	11
Pension and other postretirement benefit obligations	13	14
Other long-term liabilities	149	155
Total liabilities	5,487	6,041
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value, authorized 5.0 shares; none issued or outstanding	0	0
Common stock, $0.01 par value, authorized 100.0 shares; 64.0 shares issued and 60.3 shares outstanding at August 1, 2026; 63.1 shares issued and 60.6 shares outstanding at August 2, 2025	1	1
Additional paid-in capital	690	658
Treasury stock at cost	(136)	(86)
Accumulated other comprehensive loss	(38)	(42)
Retained earnings	1,104	1,020
Total United Natural Foods, Inc. stockholders’ equity	1,621	1,551
Noncontrolling interests	1	3
Total stockholders’ equity	1,622	1,554
Total liabilities and stockholders’ equity	$ 7,109	$ 7,595