United Natural Foods Inc. reported fourth quarter and full fiscal year results on September 8, swinging to a fourth quarter net income of $35 million from an $87 million net loss a year earlier. Fourth quarter adjusted EBITDA rose 48.3% to $172 million, adjusted EPS came in at $0.69 versus a $0.11 adjusted loss per share last year, and gross margin widened to 13.7% from 13.4%. For the full year, adjusted EBITDA grew 27% to $701 million, adjusted EPS climbed to $2.65 from $0.71, and net sales fell 2% to $31.2 billion. Fourth quarter net sales slipped 0.7% as optimization initiatives dragged roughly 500 basis points and the unwind of short-term project work added about 150 basis points of pressure, while capital spending rose to $117 million from $74 million and free cash flow eased to $80 million from $86 million. The company's FY27 guidance points to sales growth of about 1% and adjusted EBITDA growth of nearly 8% at the midpoint, with free cash flow below FY26 levels.
United Natural Foods IncQ4 adjusted EBITDA rose 48.3% to $172M and swung to $35M net income from an $87M loss, with adjusted EPS of $0.69 vs a $0.11 loss.
