What move does the options market price into United Natural Foods's report?

Implied ±9.8%, either direction.

How often does United Natural Foods move more than the options market prices?

2 of the last 7 reports moved at least as far as the implied move.

UNFINYSEWholesale-Groceries, General Line

United Natural Foods Inc (UNFI) earnings date, market-implied expected move, and options open interest by expiry

46.79

−0.01 · −0.02%

post 45.71 −2.31%

After hours15:59 ETdelayed

Open46.80Volume687,959Mkt cap$2.8BP/E32.88EPS1.39

Day45.46 – 46.8019%52-wk30.91 – 57.0257%

UNFI

United Natural Foods Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.8%implied · report alone

8Q avg ±9.2%·×1.07·fair

40.6649.54

straddle ±13.0%

spot 45.10exp Dec 18ATM strike 45ATM straddle 6.90IV 55%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Dec 1

before open · in 28 days

est.Q1 FY27

Calendar

Next report

Last report

+2.28%

shaded = implied · ▲▼ = realized

Sep 8 '26 · confirmed

Implied vs realized

Largest filed tie

28.00%

of UNFI revenue · Undisclosed largest customer

customerUNFI 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+5.17%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

359 managers

Top fund weight

0.09%

UNFI weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

United Natural Foods (UNFI) is expected to report on Dec 1 before open (estimated date).

Implied vs realized

8 reports

2 of 7≥ implied

avg implied: ±13.4%
avg realized: ±10.2%

Dec 10 '24Dec 10 '24confirmed±15.2%▲+20.02%×1.31

Mar 11 '25Mar 11 '25confirmed±14.9%▼−4.88%×0.33

Jun 10 '25Jun 10 '25confirmed±13.2%▼−10.18%×0.77

Sep 30 '25Sep 30 '25confirmed±14.1%▲+18.45%×1.31

Q1 FY26Dec 2 '25confirmed±13.7%▲+4.63%×0.34

Mar 10 '26Mar 10 '26confirmed±12.0%▼−2.99%×0.25

Q3 FY26Jun 9 '26confirmed±10.8%▼−10.28%×0.95

Sep 8 '26Sep 8 '26confirmed—▲+2.28%—

quarterimplied−25%0+25%realized×

Sep '26—▲+2.28%—

Q3 FY26±10.8%▼−10.28%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 26 close

0.09OI · 4 expiries · Oct 26 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2,560+1%Nov 2017d4.82531+9%4.82

report · Dec 1 · before open · est.

6+100%Dec 1845d64+100%

7,5710%Jan 1573d1.734,386+2%1.73

47+2%Feb 19108d0.17282+4%0.17

ExpiryPutsCallsP/C

Nov 2017d2,560+1%531+9%4.82

report · Dec 1 · before open · est.

Dec 1845d6+100%64+100%0.09

Jan 1573d7,5710%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±13.0%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Customers 1

NGVC±3.5%×0.27

Dashed = straddle · × = co-movement · max 499dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

0.43%as filednet margin · revenue −4.17% YoY

Revenue

$7.7B

Gross profit

$1.0B

13.58% margin

Operating income

$66M

0.85% margin

Pre-tax income

$42M

Net income

$33M

0.43% margin

Cost of revenue

$6.7B

Operating expenses

$983M

SG&A $954M

Other operating $29M

Other expense

$24M

Tax

$9M

Revenue$7.7B

Gross profit

$1.0B

13.58% margin

Operating income

$66M

0.85% margin

Pre-tax income

$42M

Net income

$33M

0.43% margin

Cost of revenue

$6.7B

Operating expenses

$983M

SG&A $954M

Other operating $29M

Other expense

$24M

Tax$9M

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE May 2 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

CPI ×1.26· ±2.8% vs ±2.2% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±2.8%6 of 10×1.26

NFPjobs report±2.3%6 of 10×1.04

FOMCrate decision±2.2%9 of 24×0.98

PCEpersonal income & outlays±1.7%10 of 19×0.74

PPIproducer prices±1.6%4 of 10×0.73

GDPgross domestic product±1.6%11 of 19×0.69

CPROFcorporate profits±1.5%6 of 12×0.67

Bar = avg |move| to ±3% · tick = ±2.2% avg day · ×base = |move| ÷ ±2.2% · min 6 releases

Earnings history

EPS 0.52 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Jun 9 '26 · confirmed	0.52	—
Q1 FY26	Dec 2 '25 · confirmed	-0.06	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod