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United Natural Foods Inc (UNFI) is the leading independent national distributor in North America, providing a wide range of natural, organic, and specialty foods, as well as related products like nutritional supplements, personal care items, and organic produce. With operations spanning the United States and Canada, UNFI delivers exceptional distribution services alongside a suite of innovative, value-added services aimed at fostering mutual growth and success for both customers and suppliers.
Headquartered in Providence, Rhode Island, UNFI operates through five principal units: UNFI Eastern Region, UNFI Western Region, Albert’s Organics, Select Nutrition Distributors, and UNFI Canada. These divisions are supported by 28 strategically located distribution centers, ensuring efficient and timely delivery to a diverse customer base that includes conventional supermarket chains, natural product superstores, independent retail operators, e-commerce platforms, and foodservice channels.
UNFI's product portfolio encompasses national, regional, and private label brands grouped into various categories such as grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. Beyond distribution, the company’s divisions like Blue Marble Brands, Earth Origins Markets, Woodstock Farms Manufacturing, and Honest Green further solidify its market presence.
UNFI also offers comprehensive marketing and promotional tools, merchandising, category management, and store support services to ensure client success. Recent achievements include expanding their distribution network, enhancing service offerings, and entering into strategic partnerships to boost operational efficiency and market reach.
Dedicated to sustainability and social responsibility, UNFI continues to lead the industry with a focus on delivering high-quality, health-conscious products, and fostering a positive impact on the communities they serve.
United Natural Foods, Inc. (NYSE: UNFI) has appointed Mark Bushway as Chief Supply Chain Officer, effective January 3, 2022. Bushway, previously President of UNFI’s Atlantic Region, will oversee the fulfillment network of 56 distribution centers serving over 30,000 customers in North America. His focus will include optimizing the fulfillment strategy and expanding distribution capabilities. With 18 years at UNFI and prior experience at C&S Wholesale Grocers, Bushway is well-positioned to lead this critical area of the business.
United Natural Foods reported Q1 FY2022 results with net sales of $7.0 billion, up 4.7% year-over-year. Net income reached $76 million, a significant increase from last year's loss. Earnings per share (EPS) stood at $1.25, up from a loss of $0.02. Adjusted EBITDA rose to $189 million, a 18.9% increase. The Company affirmed its full-year outlook with anticipated net sales between $27.8 billion and $28.3 billion. Credit ratings were upgraded by Moody's and S&P as the Company invests in distribution capabilities to meet customer needs.
United Natural Foods, Inc. (NYSE: UNFI) will announce its fiscal 2022 Q1 financial results on December 8, 2021, at 8:30 a.m. ET. The results will cover the quarter ending October 30, 2021. A conference call will be held following the release, accessible via a U.S. toll-free number. An audio webcast and related materials will be available on the company's website for up to 120 days post-event.
United Natural Foods, Inc. (NYSE: UNFI) has completed the repricing of its senior secured term loan, lowering the Applicable Rate from 3.50% to 3.25% for LIBOR-based loans, while maintaining a LIBOR floor of 0.00%. The amendment did not change other material terms of the loan, including covenants and maturity. Additionally, S&P Global and Moody’s Investors Service upgraded UNFI's corporate credit ratings to ‘B+’ and ‘Ba3’, respectively, citing improved operating performance and credit metrics.
United Natural Foods (NYSE: UNFI) has established a reseller agreement with DoorDash (NYSE: DASH) to enhance on-demand grocery delivery for independent retailers across the nation. This collaboration enables local grocers to utilize DoorDash's logistics network, allowing consumers to order groceries without minimums or time slots. The initiative aims to drive sales for independent retailers by improving online access and increasing customer loyalty. UNFI's Professional Services offers over 150 customizable solutions to assist grocers in navigating the evolving market.
United Natural Foods, Inc. (NYSE: UNFI) announced the granting of a total of 43,215 shares in restricted stock units (RSUs) and performance-based stock units (PSUs) to CEO J. Alexander Miller Douglas. The RSUs will vest annually over three years, while the PSUs will vest after three years based on performance metrics. This grant follows Douglas's appointment and was approved under NYSE's employment inducement exemption. Notably, Douglas's retirement qualification period differs from other employees, set at six years instead of the usual ten.
United Natural Foods (NYSE: UNFI) reported its financial results for Q4 and FY2021, highlighting a 1.5% increase in net sales to $27.0 billion. Q4 net sales fell 0.5% to $6.7 billion, with net income at $43 million, an 18.9% decrease.
However, adjusted EPS rose 11.3% to $1.18. The company reduced net debt by $317 million and projected FY2022 net sales of $27.8 - $28.3 billion with net income growth of 56%.
United Natural Foods, Inc. (NYSE: UNFI) will report its fiscal 2021 fourth-quarter financial results on September 28, 2021, covering the period ending July 31, 2021. A conference call will follow at 8:30 a.m. ET, where management will discuss the results. Interested parties can access the call by dialing (877) 682-3423 in the U.S. or via an audio webcast on the company's website. UNFI is the largest publicly traded grocery distributor in America, serving various customer sectors across North America.
United Natural Foods (NYSE: UNFI) has expanded its partnership with RangeMe to enhance product discovery for retailers and suppliers. This advancement allows retailers to facilitate purchase orders via UNFI’s Easy Options platform directly through RangeMe. The collaboration aims to improve the visibility of emerging suppliers and increase access to a broader array of grocery and wellness products. UNFI's Easy Options serves small-to-medium-sized businesses, while RangeMe enhances retail buyer discovery processes.
United Natural Foods, Inc. (NYSE: UNFI) appoints J. Alexander (Sandy) Miller Douglas as CEO and Board member effective August 9, 2021, succeeding Steven Spinner. Douglas, with extensive experience in distribution, sales, and marketing, previously led Staples and Coca-Cola North America. Spinner, who retires after 13 years, will assist during the transition. Jack Stahl has been elected Independent Chair of the Board. The board expresses gratitude to Spinner for his leadership in making UNFI the largest grocery wholesaler in the U.S.
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