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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.05
UNFI's Cash to Debt is ranked lower than
55% of the 484 Companies
in the Global Food Distribution industry.

( Industry Median: 0.83 vs. UNFI: 0.05 )
UNFI' s 10-Year Cash to Debt Range
Min: 0   Max: 0.15
Current: 0.05

0
0.15
Equity to Asset 0.59
UNFI's Equity to Asset is ranked higher than
82% of the 482 Companies
in the Global Food Distribution industry.

( Industry Median: 0.46 vs. UNFI: 0.59 )
UNFI' s 10-Year Equity to Asset Range
Min: 0.18   Max: 0.66
Current: 0.59

0.18
0.66
Interest Coverage 31.46
UNFI's Interest Coverage is ranked higher than
76% of the 359 Companies
in the Global Food Distribution industry.

( Industry Median: 14.64 vs. UNFI: 31.46 )
UNFI' s 10-Year Interest Coverage Range
Min: 0.98   Max: 32.78
Current: 31.46

0.98
32.78
F-Score: 5
Z-Score: 7.15
M-Score: -2.23
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 3.06
UNFI's Operating margin (%) is ranked higher than
69% of the 486 Companies
in the Global Food Distribution industry.

( Industry Median: 3.80 vs. UNFI: 3.06 )
UNFI' s 10-Year Operating margin (%) Range
Min: 0.69   Max: 4.54
Current: 3.06

0.69
4.54
Net-margin (%) 1.78
UNFI's Net-margin (%) is ranked higher than
70% of the 486 Companies
in the Global Food Distribution industry.

( Industry Median: 2.37 vs. UNFI: 1.78 )
UNFI' s 10-Year Net-margin (%) Range
Min: -0.14   Max: 2.02
Current: 1.78

-0.14
2.02
ROE (%) 9.81
UNFI's ROE (%) is ranked higher than
75% of the 477 Companies
in the Global Food Distribution industry.

( Industry Median: 9.99 vs. UNFI: 9.81 )
UNFI' s 10-Year ROE (%) Range
Min: -1.04   Max: 14.07
Current: 9.81

-1.04
14.07
ROA (%) 6.23
UNFI's ROA (%) is ranked higher than
83% of the 485 Companies
in the Global Food Distribution industry.

( Industry Median: 4.42 vs. UNFI: 6.23 )
UNFI' s 10-Year ROA (%) Range
Min: -0.46   Max: 6.38
Current: 6.23

-0.46
6.38
ROC (Joel Greenblatt) (%) 17.74
UNFI's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 485 Companies
in the Global Food Distribution industry.

( Industry Median: 20.02 vs. UNFI: 17.74 )
UNFI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.33   Max: 22.21
Current: 17.74

3.33
22.21
Revenue Growth (%) 12.30
UNFI's Revenue Growth (%) is ranked higher than
88% of the 330 Companies
in the Global Food Distribution industry.

( Industry Median: 4.90 vs. UNFI: 12.30 )
UNFI' s 10-Year Revenue Growth (%) Range
Min: 6.5   Max: 18.1
Current: 12.3

6.5
18.1
EBITDA Growth (%) 10.30
UNFI's EBITDA Growth (%) is ranked higher than
82% of the 298 Companies
in the Global Food Distribution industry.

( Industry Median: 5.00 vs. UNFI: 10.30 )
UNFI' s 10-Year EBITDA Growth (%) Range
Min: -26.2   Max: 58.3
Current: 10.3

-26.2
58.3
EPS Growth (%) 11.60
UNFI's EPS Growth (%) is ranked higher than
84% of the 297 Companies
in the Global Food Distribution industry.

( Industry Median: 4.60 vs. UNFI: 11.60 )
UNFI' s 10-Year EPS Growth (%) Range
Min: -1.8   Max: 30.6
Current: 11.6

-1.8
30.6
» UNFI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

UNFI Guru Trades in Q1 2013

Paul Tudor Jones 4,300 sh (New)
Joel Greenblatt 24,708 sh (+48.97%)
Ron Baron 4,324,439 sh (+15.33%)
Manning & Napier Advisors, Inc 42,540 sh (+5.3%)
Ken Fisher 314,120 sh (+0.38%)
Mario Gabelli 94,000 sh (unchged)
Chuck Royce 140,517 sh (unchged)
Steven Cohen 52,768 sh (-54.67%)
» More
Q2 2013

UNFI Guru Trades in Q2 2013

Ken Fisher 438,595 sh (+39.63%)
Ron Baron 4,759,326 sh (+10.06%)
Mario Gabelli 94,000 sh (unchged)
Chuck Royce 140,517 sh (unchged)
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
Joel Greenblatt 13,010 sh (-47.34%)
Manning & Napier Advisors, Inc 21,300 sh (-49.93%)
» More
Q3 2013

UNFI Guru Trades in Q3 2013

Steven Cohen 5,471 sh (New)
Columbia Wanger 397,000 sh (New)
Ron Baron 4,895,651 sh (+2.86%)
Ken Fisher 441,545 sh (+0.67%)
Chuck Royce 140,517 sh (unchged)
Joel Greenblatt Sold Out
Manning & Napier Advisors, Inc Sold Out
Mario Gabelli 92,000 sh (-2.13%)
» More
Q4 2013

UNFI Guru Trades in Q4 2013

Steven Cohen 559,651 sh (+10129.4%)
Columbia Wanger 610,270 sh (+53.72%)
Ken Fisher 460,985 sh (+4.4%)
Ron Baron 4,917,900 sh (+0.45%)
Mario Gabelli 92,000 sh (unchged)
Chuck Royce 133,517 sh (-4.98%)
» More
» Details

Insider Trades

Latest Guru Trades with UNFI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-09-30 Sold Out 0.03%$54.44 - $68.55 $ 67.8912%0
Ron Baron 2013-06-30 Add 10.06%0.12%$47.78 - $55.64 $ 67.8931%4759326
Joel Greenblatt 2013-06-30 Reduce -47.34%0.03%$47.78 - $55.64 $ 67.8931%13010
Ron Baron 2013-03-31 Add 15.33%0.16%$48.07 - $56.44 $ 67.8931%4324439
Joel Greenblatt 2013-03-31 Add 48.97%0.02%$48.07 - $56.44 $ 67.8931%24708
Joel Greenblatt 2012-12-31 New Buy0.05%$50.99 - $59.17 $ 67.8925%16586
Joel Greenblatt 2012-12-31 New Buy0.05%$50.99 - $59.17 $ 67.8925%16586
Ron Baron 2012-03-31 Add 67.77%0.4%$39.8 - $47.77 $ 67.8961%3670320
Ron Baron 2011-09-30 Add 19.54%0.09%$36.25 - $45.17 $ 67.8968%2164112
Ron Baron 2011-06-30 Add 30.54%0.1%$39.7 - $45.88 $ 67.8960%1810412
Ron Baron 2011-03-31 New Buy0.34%$36.09 - $44.76 $ 67.8969%1386862
Mario Gabelli 2011-03-31 Reduce -57.73%0.04%$36.09 - $44.76 $ 67.8969%93000
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on United Natural Foods, Inc.

Baron Funds Comments on United Natural Foods Inc. - Jun 10, 2013

Shares of United Natural Foods, Inc. (UNFI), the leading national distributor of natural and organic foods, declined 8% in the quarter. Growth moderated for some of the company's customers and industry players, off the torrid pace of the year before, and stock multiples contracted across the industry. While organic growth at UNFI is accelerating, the business is mixing towards lower margin accounts – Whole Foods and conventional supermarkets. We contend growth opportunities abound and margins will increase with scale, so we used the downdraft in the stock to increase our position.

From Baron Funds’ first quarter 2013 commentary.
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Baron Funds Comments on United Natural Foods Inc. - May 01, 2013

Shares of United Natural Foods, Inc. (UNFI), the largest distributor of natural and organic products in North America, detracted from the first quarter's performance, despite continued strong fundamentals. The company's largest customer is Whole Foods, which is experiencing robust, though moderating, growth in the face of tough comparisons.We believe United Natural Foods will continue to benefit from a greater focus on health by consumers; growth of organics from less than 10% of grocery today; and conventional supermarkets devoting more space to the category. (Matt Weiss)

From Baron Funds’ first quarter 2013 letter.


Check out Ron Baron latest stock trades

Baron Funds Comments on United Natural Foods Inc. - May 01, 2013

United Natural Foods, Inc. (UNFI) is the largest distributor of natural and organic products in North America. The Fund established a position in the shares during the quarter at levels nearly 15% below their peak levels reached in late 2012. The shares then fell further, despite a quarterly report that we considered encouraging.We believe the company will continue to benefit from positive secular trends in the organic food sector, including Americans' greater focus on their health, organic food increasing its share of consumers' overall grocery spend, and conventional supermarkets devoting more shelf space to the organic category.

From Baron Funds’ first quarter 2013 letter.


Check out Ron Baron latest stock trades

Baron Funds Comments on United Natural Foods - May 24, 2012

United Natural Foods (UNFI) is the largest distributor of natural, specialty and organic grocery products in the United States. With $4.5 billion in sales, United Natural Foods (UNFI) is the low-cost leader in a rapidly growing market. The company supplies over 60,000 products to a variety of customers, including large chains such as Whole Foods, as well as independent health food stores and conventional supermarkets. UNFI competes in an $80 billion natural and organics market, where growth from healthy lifestyle brands such as Kashi, Fage Yogurt, and Amy's Organic are outpacing conventional foodstuffs by a factor of four.This is being fueled by consumers' increasing shift toward healthier eating as well as greater awareness of food quality and sustainability. UNFI helps customers better manage and merchandise the flow of natural food categories within their stores. Supermarkets increasingly rely on UNFI to manage these 'slowermoving' SKU's for them, as it reduces the grocer's working capital and allows them to be ahead of any new food trends, such as gluten-free and coconut waters. We believe UNFI is well positioned to grow share meaningfully from 5% today, both within established accounts like Whole Foods — which is adding 20 stores per year — as well as new accounts at large grocery chains, such as Safeway, which are increasing their allocation to these categories. (Matt Weiss)
Check out Ron Baron latest stock trades

Top Ranked Articles about United Natural Foods, Inc.

Baron Funds Comments on United Natural Foods Inc.
Shares of United Natural Foods, Inc. (UNFI), the leading national distributor of natural and organic foods, declined 8% in the quarter. Growth moderated for some of the company's customers and industry players, off the torrid pace of the year before, and stock multiples contracted across the industry. While organic growth at UNFI is accelerating, the business is mixing towards lower margin accounts – Whole Foods and conventional supermarkets. We contend growth opportunities abound and margins will increase with scale, so we used the downdraft in the stock to increase our position. Read more...
Baron Funds Comments on United Natural Foods Inc.
United Natural Foods, Inc. (UNFI) is the largest distributor of natural and organic products in North America. The Fund established a position in the shares during the quarter at levels nearly 15% below their peak levels reached in late 2012. The shares then fell further, despite a quarterly report that we considered encouraging.We believe the company will continue to benefit from positive secular trends in the organic food sector, including Americans' greater focus on their health, organic food increasing its share of consumers' overall grocery spend, and conventional supermarkets devoting more shelf space to the organic category. Read more...
Baron Funds Comments on United Natural Foods Inc.
Shares of United Natural Foods, Inc. (UNFI), the largest distributor of natural and organic products in North America, detracted from the first quarter's performance, despite continued strong fundamentals. The company's largest customer is Whole Foods, which is experiencing robust, though moderating, growth in the face of tough comparisons.We believe United Natural Foods will continue to benefit from a greater focus on health by consumers; growth of organics from less than 10% of grocery today; and conventional supermarkets devoting more space to the category. (Matt Weiss) Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 28.50
UNFI's P/E(ttm) is ranked higher than
51% of the 432 Companies
in the Global Food Distribution industry.

( Industry Median: 18.70 vs. UNFI: 28.50 )
UNFI' s 10-Year P/E(ttm) Range
Min: 11.13   Max: 41.93
Current: 28.5

11.13
41.93
P/B 2.90
UNFI's P/B is ranked lower than
51% of the 471 Companies
in the Global Food Distribution industry.

( Industry Median: 1.70 vs. UNFI: 2.90 )
UNFI' s 10-Year P/B Range
Min: 1.15   Max: 5.11
Current: 2.9

1.15
5.11
P/S 0.50
UNFI's P/S is ranked higher than
56% of the 490 Companies
in the Global Food Distribution industry.

( Industry Median: 0.46 vs. UNFI: 0.50 )
UNFI' s 10-Year P/S Range
Min: 0.17   Max: 0.73
Current: 0.5

0.17
0.73
EV-to-EBIT 17.90
UNFI's EV-to-EBIT is ranked lower than
52% of the 457 Companies
in the Global Food Distribution industry.

( Industry Median: 13.48 vs. UNFI: 17.90 )
UNFI' s 10-Year EV-to-EBIT Range
Min: 9.2   Max: 26.6
Current: 17.9

9.2
26.6
PEG 3.20
UNFI's PEG is ranked higher than
59% of the 240 Companies
in the Global Food Distribution industry.

( Industry Median: 2.29 vs. UNFI: 3.20 )
UNFI' s 10-Year PEG Range
Min: 0.64   Max: 4.26
Current: 3.2

0.64
4.26
Shiller P/E 37.60
UNFI's Shiller P/E is ranked lower than
58% of the 236 Companies
in the Global Food Distribution industry.

( Industry Median: 20.14 vs. UNFI: 37.60 )
UNFI' s 10-Year Shiller P/E Range
Min: 13.03   Max: 73.73
Current: 37.6

13.03
73.73

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.60
UNFI's Price/Tangible Book is ranked lower than
56% of the 414 Companies
in the Global Food Distribution industry.

( Industry Median: 2.10 vs. UNFI: 3.60 )
UNFI' s 10-Year Price/Tangible Book Range
Min: 1.76   Max: 19.1
Current: 3.6

1.76
19.1
Price/DCF (Projected) 3.40
UNFI's Price/DCF (Projected) is ranked lower than
63% of the 240 Companies
in the Global Food Distribution industry.

( Industry Median: 1.30 vs. UNFI: 3.40 )
UNFI' s 10-Year Price/DCF (Projected) Range
Min: 2.54   Max: 73.5
Current: 3.4

2.54
73.5
Price/Median PS Value 1.10
UNFI's Price/Median PS Value is ranked higher than
66% of the 460 Companies
in the Global Food Distribution industry.

( Industry Median: 1.10 vs. UNFI: 1.10 )
UNFI' s 10-Year Price/Median PS Value Range
Min: 0.39   Max: 1.52
Current: 1.1

0.39
1.52
Price/Peter Lynch Fair Value 2.90
UNFI's Price/Peter Lynch Fair Value is ranked lower than
64% of the 141 Companies
in the Global Food Distribution industry.

( Industry Median: 1.30 vs. UNFI: 2.90 )
UNFI' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.03   Max: 4.08
Current: 2.9

1.03
4.08
Price/Graham Number 2.10
UNFI's Price/Graham Number is ranked lower than
54% of the 380 Companies
in the Global Food Distribution industry.

( Industry Median: 1.40 vs. UNFI: 2.10 )
UNFI' s 10-Year Price/Graham Number Range
Min: 1.11   Max: 3.82
Current: 2.1

1.11
3.82
Earnings Yield (Greenblatt) 5.60
UNFI's Earnings Yield (Greenblatt) is ranked higher than
55% of the 467 Companies
in the Global Food Distribution industry.

( Industry Median: 7.40 vs. UNFI: 5.60 )
UNFI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.8   Max: 10.8
Current: 5.6

3.8
10.8
Forward Rate of Return (Yacktman) 9.93
UNFI's Forward Rate of Return (Yacktman) is ranked higher than
77% of the 279 Companies
in the Global Food Distribution industry.

( Industry Median: 9.93 vs. UNFI: 9.93 )
UNFI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 4.3   Max: 42.3
Current: 9.93

4.3
42.3

Business Description

Industry: Retail - Defensive » Food Distribution
Compare:CUYTY, SYY, GLAPY, JRONY, MHTLY » details
Traded in other countries:UN3.Germany
United Natural Foods, Inc., is a Delaware corporation and was founded in 1976. The Company is a distributer of natural, organic and specialty foods and non-food products in the United States and Canada, and that its twenty-six distribution centers. It offer more than 65,000 high-quality natural, organic and specialty foods and non-food products, consisting of national, regional and private label brands in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products and personal care items. It serves more than 23,000 customer locations mainly located across the United States and Canada which can be classified as follows: independently owned natural products retailers, which include buying clubs; supernatural chains, which consist solely of Whole Foods Market, Inc. (Whole Foods Market); conventional supermarkets and mass market chains; and other, which includes foodservice and international customers outside of Canada. Its operations are comprised of three principal operating divisions. These operating divisions are: its wholesale division, which includes its broadline natural, organic and specialty distribution business in the United States; UNFI Canada, which is its natural, organic and specialty business in Canada; Albert's, is a distributor within the United States of organically grown produce and non-produce perishable items; and Select Nutrition, which distributes vitamins, minerals and supplements; its retail division, consisting of Earth Origins, which operates its thirteen natural products retail stores within the United States; and its manufacturing division, consisting of Woodstock Farms Manufacturing, which specializes in the international importation, roasting, packaging and distribution of nuts, dried fruit, seeds, trail mixes, granola, natural and organic snack items and confections, and its Blue Marble Brands product lines. Its main competition comes from direct distribution. Its major wholesale distribution competitor in both the United States and Canada is KeHE Distributors, LLC (Kehe). Its natural products retail stores compete against other natural products outlets, conventional supermarkets and specialty stores. The Company's operations and many of the products that it distributes in the United States are subject to regulation by state and local health departments, the USDA and the United States Food and Drug Administration, which generally impose standards for product quality and sanitation and are responsible for the administration of bioterrorism legislation.

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