United Natural Foods Shares Fall 8% on Revenue Miss

Core Insights - United Natural Foods Inc. (UNFI) reported second-quarter fiscal 2026 results that exceeded earnings expectations but fell short on revenue, leading to an over 8% decline in shares intra-day [1] Financial Performance - Adjusted earnings per share (EPS) were $0.62, surpassing the analyst consensus estimate of $0.51 by $0.11 [1] - Revenue decreased by 2.6% year over year to $7.95 billion, missing the $8.11 billion estimate and down from $8.16 billion in the same quarter last year [1] - Adjusted EBITDA increased by 23.4% to $179 million compared to $145 million a year earlier [2] - Net income was $20 million, or $0.31 per diluted share, reversing a loss of $3 million, or negative $0.05 per share, in the second quarter of fiscal 2025 [2] Future Outlook - The company raised its fiscal 2026 adjusted EPS outlook to between $2.30 and $2.70, with a midpoint of $2.50, exceeding the analyst consensus estimate of $2.18 [3] - However, the revenue forecast was lowered to $31.0 billion to $31.4 billion, with a midpoint of $31.2 billion, falling below the $31.93 billion consensus [3]