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) 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 (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.
United Natural Foods reported third-quarter fiscal 2021 results with net sales of $6.62 billion, down 5.9% year-over-year, but up 6.7% on a two-year stack. Net income was $49 million, a 44.9% decrease, while diluted EPS dropped to $0.80, down 50%. Adjusted EBITDA fell 19.2% to $179 million. Despite these declines, the company is projected to achieve record net sales and EBITDA for the full fiscal year and maintains an optimistic outlook for fiscal 2022.
The Woodstock brand, known for its organic and non-GMO products, has launched a new line of bold hot sauces sourced from Costa Rica. These hot sauces are Non-GMO Project Verified, have no added sugar, and are manufactured in a carbon-neutral facility. The flavors range from Scotch Bonnet to Scorpion Pepper, with Scoville units from 1,790 to 57,000. The hot sauce market has seen a 30% growth in category dollar sales as more consumers look for flavorful, health-focused options.
United Natural Foods, Inc. (NYSE: UNFI) will announce its fiscal 2021 third-quarter financial results on June 9, 2021. The results pertain to the period ended May 1, 2021. A management conference call will take place at 8:30 a.m. ET to discuss these results. Interested listeners can join the call by dialing (877) 682-3423 and referencing conference ID 9242359. An audio webcast will be available on the company's website and can be accessed for 120 days post-event.
United Natural Foods (NYSE: UNFI) will host a Virtual Investor Day on June 24, 2021, at 8:30 a.m. ET. The company’s leadership will outline growth strategies and financial outlooks. Interested individuals can access the live webcast through the Investors section of UNFI's website, with an online archive available for 120 days.
UNFI is North America's leading food wholesaler, serving various retailers and food service customers with a comprehensive range of products, making it the largest publicly-traded grocery distributor in America.
United Natural Foods (NYSE: UNFI) is expanding its fleet in Riverside, California, by adding 53 all-electric transport refrigerated trailer units (TRUs). This initiative supports UNFI's Better for All 2030 ESG agenda, aligning with California's impending zero-emission requirements for TRUs by 2029. The all-electric TRUs will reduce annual diesel consumption by approximately 135,000 gallons and cut greenhouse gas emissions significantly. UNFI is partnering with Advanced Energy Machines to retrofit the units and leasing them for five years, furthering its commitment to sustainability.
United Natural Foods (NYSE: UNFI) has launched the Community Marketplace, a digital e-commerce platform designed to help emerging brands connect with UNFI customers. This initiative allows suppliers to sell products not currently available through UNFI’s distribution centers directly via the Easy Options website.
Approved suppliers retain control over inventory, pricing, and shipping, while customers gain access to a broader range of products without order minimums or fees. This integration aims to enhance product variety for local retailers across the U.S.
United Natural Foods, Inc. (UNFI) reported strong financial results for Q2 FY2021, with net sales rising 7.1% to $6.89 billion and a net income of $59 million, a significant improvement from a loss in the previous year. Adjusted EBITDA reached $206 million, a 57.3% increase, and adjusted EPS was $1.25, up 400%. The company expects to finish the fiscal year towards the upper end of prior ranges for adjusted EBITDA and EPS. UNFI also extended its distribution partnership with Whole Foods through September 2027.
FAQ
What is the current stock price of United Natural Foods (UNFI)?
What is the market cap of United Natural Foods (UNFI)?
What is United Natural Foods Inc (UNFI)?
What kind of products does UNFI distribute?
Who are UNFI's primary customers?
Where does UNFI operate?
What are some of UNFI's divisions?
What value-added services does UNFI provide?
How many distribution centers does UNFI have?
What recent achievements has UNFI made?
What is UNFI's commitment to sustainability?
How does UNFI support its customers and suppliers?
