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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. United Natural Foods's retained earnings for the quarter that ended in Apr. 2026 was €914 Mil.
United Natural Foods's quarterly retained earnings
increased
from Oct. 2025 (€873 Mil) to Jan. 2026 (€882 Mil) and
increased
from Jan. 2026 (€882 Mil) to Apr. 2026 (€914 Mil).
United Natural Foods's annual retained earnings
declined
from Jul. 2023 (€1,130 Mil) to Jul. 2024 (€1,049 Mil) and
declined
from Jul. 2024 (€1,049 Mil) to Jul. 2025 (€874 Mil).
United Natural Foods (FRA:UN3) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
United Natural Foods Retained Earnings Historical Data
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The historical data trend for United Natural Foods's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
United Natural Foods Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
United Natural Foods (FRA:UN3) has a Retained Earnings of €914 Mil as of Apr. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on United Natural Foods and its competitors.
Is United Natural Foods' Retained Earnings too high?
United Natural Foods' current Retained Earnings is €914 Mil. Overall, United Natural Foods has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Natural Foods' Retained Earnings compare to ANDE and CHEF?
United Natural Foods' Retained Earnings of €914 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Retail - Defensive company?
A good Retained Earnings depends on the Retail - Defensive industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on United Natural Foods and its competitors. United Natural Foods's current Retained Earnings is €914 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Natural Foods stock overvalued right now?
Based on GuruFocus' analysis, United Natural Foods (FRA:UN3) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.90, compared to a current price of €43.63 — trading 143.7% above its estimated fair value. The current Retained Earnings is €914 Mil. United Natural Foods' overall GF Score™ is 60/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For United Natural Foods (FRA:UN3), the current Retained Earnings is €914 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is United Natural Foods (FRA:UN3) Overvalued in 2026?
Based on GuruFocus' analysis, United Natural Foods stock appears to be overvalued.
The current stock price of €43.63 is trading 143.7% above its estimated GF Value™ of €17.90.
GuruFocus considers United Natural Foods to be Significantly Overvalued.
Key valuation signals for FRA:UN3:
Retained Earnings: €914 Mil
GF Value™: €17.90 vs. price of €43.63 (143.7% above fair value)
No single metric tells the full story. See the FRA:UN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.
60GF Score
Get the complete analysis for FRA:UN3
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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