Board of Directors member James C. Pappas acquired 17,000 shares of United Natural Foods (NYSE:UNFI) in multiple open-market transactions between January 2, 2026 and January 5, 2026, according to a SEC Form 4 filing. The purchase had a total transaction value of approximately $573,000.00, using a weighted average price of $33.71 per share as of January 5.
The acquisition increased Mr. Pappas's indirect holdings managed through JCP Investment Management, LLC accounts to 194,178 shares. His direct holdings remained unchanged at 24,685 shares. The purchase represented 8.4% of his total reported holdings.
This transaction marks the first open-market purchase by Mr. Pappas in over three years. Prior activity consisted of administrative-only filings during that period.
The shares were acquired around $33.71 per share between January 2 and January 5, 2026. The stock closed at $33.27 on the final transaction date. As of that date, the stock had delivered a one-year total return of 18.40%.
United Natural Foods reported revenue of $31.75 billion over the trailing twelve months. The company reported a net loss of $101.00 million over the same period.
In its fiscal first quarter ended November 1, 2025, the company reported sales of $7.8 billion, representing a 0.4% year-over-year drop. The company posted a net loss of $4 million for that quarter, an improvement over the $21 million net loss in the prior year period.
For the fiscal year ended August 2, 2025, United Natural Foods reported revenue growth of 2.6% year over year to $31.8 billion. The company exited the fiscal year with a net loss of $118 million.
The company's net leverage ratio dropped to 3.2x in fiscal Q1. It is working to reach a target of 2.5x by the end of its 2026 fiscal year.