Entering text into the input field will update the search result below

United Natural Foods' Best Growth Is Behind It

Oct. 04, 2021 12:43 PM ETUnited Natural Foods, Inc. (UNFI)79 Comments
Evin Rohrbaugh profile picture
Evin Rohrbaugh


  • UNFI is a serial acquirer in the food distribution industry in the US and Canada and from 1999-2015 the share price compounded at 23%, crushing the market returns of 4.3%.
  • UNFI has virtually no moat.
  • The company’s best growth is behind it, and longer term the acquisition runway is not very long.
  • The entire industry has low returns on capital, and the 2.9 billion dollar acquisition of Supervalu hasn’t improved these returns.

Fruit and food distribution. Truck loaded with containers full of apples ready to be shipped to the market.

Smederevac/iStock via Getty Images

United Natural Foods Inc. (NYSE:UNFI) is an American food distributor for both wholesale and retail. The parent company was founded in 1976, and UNFI IPOd in late 1996. They are the primary distributor for Whole Foods Market. This industry saw a boost in

This article was written by

Evin Rohrbaugh profile picture
I am an independent analyst and investor interested in investing at the intersection of value and growth. My method is a highly qualitative focus on mostly small caps, looking for both long term compounders as well as some special situations. On Twitter @GrowthyValue

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.