Welcome to our dedicated page for United Natural Foods news (Ticker: UNFI), a resource for investors and traders seeking the latest updates and insights on United Natural Foods stock.
United Natural Foods Inc. (UNFI) serves as North America's primary connector between natural product suppliers and retail networks. This news hub provides investors and industry professionals with essential updates on the company's wholesale distribution operations, market strategies, and supply chain developments.
Track critical announcements including quarterly earnings, facility expansions, retail partnerships, and sustainability initiatives. Our curated collection features official press releases alongside analysis of UNFI's evolving role in organic food distribution and grocery sector trends.
Key coverage areas include operational updates across UNFI's regional divisions, innovations in value-added services for retailers, and strategic moves within the competitive natural products landscape. Regular updates ensure stakeholders maintain current awareness of factors impacting UNFI's position in the $140B+ natural foods market.
Bookmark this page for streamlined access to UNFI's latest developments, with new content added as corporate announcements occur. Combine this resource with financial filings and market analysis tools for comprehensive investment research.
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.
United Natural Foods (NYSE: UNFI) unveiled its "Fuel the Future" growth strategy during its Investor Day, focusing on enhancing market share through six key pillars. These pillars include optimizing distribution networks, improving customer experience, investing in high-margin growth platforms, and enhancing workplace safety and diversity. The plan projects fiscal 2024 revenues exceeding $30 billion and adjusted EBITDA of over $900 million. The strategy builds on past successes while addressing sustainability and food insecurity initiatives.
United Natural Foods (NYSE: UNFI) is investing in the Trent River Solar project, a 108.5 MW solar facility in North Carolina, developed with Pine Gates Renewables and U.S. Bank. The site will utilize over 800,000 solar panels, supplying energy sufficient for 14,000 homes and creating 300 jobs. Completion is expected later this month. Despite this initiative, UNFI will not acquire the energy generated nor the renewable energy certificates. CEO Steven Spinner emphasized the goal of reducing emissions and learning from this venture to enhance climate action efforts.
United Natural Foods, Inc. (UNFI) has partnered with Crisp, the first programmatic commerce platform for the food and beverage industry. This collaboration allows food brands to utilize UNFI data seamlessly within their business intelligence tools, enhancing data accuracy and efficiency. The Crisp platform facilitates real-time data integration, helping brands monitor sales and inventory effortlessly. This partnership aims to improve supply chain visibility and service levels for retail customers, showcasing UNFI's commitment to innovative data solutions in a fast-evolving market.
