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United Natural Foods Inc - UNFI STOCK NEWS

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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.

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United Natural Foods has extended its distribution partnership with Whole Foods Market until May 2032. This agreement solidifies UNFI as the primary distributor for Whole Foods, replacing the prior agreement that was set to expire in September 2027. David Matthews, President of National Sales for UNFI, highlighted the commitment to providing quality foods and supporting Whole Foods' growth. David Garraway, VP Supply Chain for Whole Foods, emphasized the importance of UNFI in their supply chain as they continue to expand.

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United Natural Foods, Inc. (UNFI) has announced the pricing of a $500.0 million senior secured term loan facility. The 7-year Term Loan will have an interest rate of SOFR + 4.75% and an issue price of 98. UNFI plans to use the proceeds to refinance existing debt, expecting to close the transaction in early May.
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United Natural Foods, Inc. (UNFI) partners with Samsara to enhance fleet safety and sustainability. UNFI adopts Samsara's technology to reduce emissions, improve efficiency, and achieve zero waste to landfills by 2030. The collaboration aims to make UNFI's operations more sustainable and customer-centric.
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United Natural Foods, Inc. (UNFI) plans to refinance its senior secured term loan with a $500.0 million amended term loan credit facility. The refinancing aims to extend the maturity date, modify interest rates, and make other adjustments to the terms. UNFI intends to use the proceeds along with borrowings to repay the existing term loan, with the closing expected in April 2024.
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United Natural Foods, Inc. appoints Giorgio Matteo Tarditi as President and CFO, succeeding John W. Howard. Tarditi brings over 26 years of experience from GE, with expertise in finance, operations, and M&A integrations. He aims to drive operational excellence and value creation for shareholders.
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United Natural Foods, Inc. (UNFI) reported financial results for Q2 of fiscal 2024 with a 0.5% decrease in net sales to $7.8 billion, a net loss of $15 million, and adjusted EBITDA down by 29.3% to $128 million. Despite reducing net sales outlook for fiscal 2024, the company focuses on operational efficiency, shrink reduction, and network automation. UNFI's CEO, Sandy Douglas, highlighted progress in profitability improvement and transformation efforts. The company's gross profit rate declined due to lower procurement gains, while operating expenses remained stable. UNFI's free cash flow decreased to $116 million, and total outstanding debt reduced to $2.16 billion. The updated fiscal 2024 outlook includes narrowed ranges for net sales, net loss, EPS, adjusted EPS, and adjusted EBITDA.
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United Natural Foods, Inc. (UNFI) successfully concluded its Spring & Summer Show in Orlando, hosting over 6,200 attendees, including 3,360 retail customers and 740 suppliers. The event showcased 1,200 brands across more than 100,000 square feet, with 25 emerging brands featured. UNFI's unique Pitch Slam competition highlighted innovative products, with The Patch Brand winning. The Company also recognized its 2023 customer Circle of Excellence winners. Future shows include Holiday and Winter events in June and August.
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United Natural Foods, Inc. (UNFI) will announce fiscal 2024 Q2 results on March 6, 2024. A conference call will be held to discuss the results, accessible via phone or webcast.
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United Natural Foods, Inc. (UNFI) successfully concluded its first comprehensive product and solution regional selling show, featuring a wide range of natural, conventional, fresh, and organic products, along with UNFI's Professional Services. The event connected over 5,500 attendees, including retailers and suppliers, showcasing more than 1,000 brands. The show highlighted new products, diverse suppliers, and included a Pitch Slam competition. UNFI plans to host upcoming shows in Orlando, Uncasville, and Minneapolis.
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United Natural Foods, Inc. (UNFI) plans to implement an A.I.-powered robotic automation system in its soon-to-be-completed distribution center in Manchester, PA. The advanced system, manufactured by Symbotic, is expected to enhance customer experience, improve quality and service, increase capacity, and lower overall costs. The new facility is set to come online in the Summer of 2024 and the automation system is expected to be fully operational by Spring 2025.
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FAQ

What is the current stock price of United Natural Foods (UNFI)?

The current stock price of United Natural Foods (UNFI) is $23.61 as of November 21, 2024.

What is the market cap of United Natural Foods (UNFI)?

The market cap of United Natural Foods (UNFI) is approximately 1.4B.

What is United Natural Foods Inc (UNFI)?

UNFI is a leading distributor of natural, organic, and specialty foods, as well as related products like nutritional supplements and personal care items, across North America.

What kind of products does UNFI distribute?

UNFI's product range includes grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.

Who are UNFI's primary customers?

UNFI serves conventional supermarket chains, natural product superstores, independent retail operators, e-commerce platforms, and foodservice channels.

Where does UNFI operate?

UNFI operates in the United States and Canada, distributing to customers in these regions and over 40 additional countries.

What are some of UNFI's divisions?

UNFI's divisions include UNFI Eastern Region, UNFI Western Region, Albert’s Organics, Select Nutrition Distributors, UNFI Canada, Blue Marble Brands, Earth Origins Markets, Woodstock Farms Manufacturing, and Honest Green.

What value-added services does UNFI provide?

UNFI offers marketing and promotional tools, merchandising, category management, and store support services to its customers and suppliers.

How many distribution centers does UNFI have?

UNFI operates 28 distribution centers across the United States and Canada.

What recent achievements has UNFI made?

Recent achievements include expanding their distribution network, enhancing service offerings, and forming strategic partnerships to improve operational efficiency and market reach.

What is UNFI's commitment to sustainability?

UNFI is dedicated to sustainability and social responsibility, focusing on delivering high-quality, health-conscious products while positively impacting the communities they serve.

How does UNFI support its customers and suppliers?

UNFI supports its customers and suppliers through a range of innovative services, including marketing and promotional tools, merchandising, category management, and store support services.

United Natural Foods Inc

NYSE:UNFI

UNFI Rankings

UNFI Stock Data

1.39B
58.89M
1.69%
90.02%
6.58%
Food Distribution
Wholesale-groceries, General Line
Link
United States of America
PROVIDENCE