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United Natural Foods - UNFI STOCK NEWS

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.

News

UNFI Announces Proposed Refinancing of Senior Secured Term Loan

Rhea-AI Summary
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 Names Giorgio Matteo Tarditi President and Chief Financial Officer

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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. Reports Second Quarter Fiscal 2024 Results

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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 Showcases Compelling Solutions to Help Grocery Retail Customers Thrive in Competitive Market

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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 to Release Fiscal 2024 Second Quarter Results on March 6, 2024

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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 Successfully Concludes First Full-Assortment Selling Show in San Diego

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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 Expands Supply Chain Evolution with Implementation of A.I.-Powered Warehouse Automation System in its New Manchester Distribution Center

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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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United Natural Foods Releases Updated Selling Show 2024 Schedule

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United Natural Foods, Inc. (NYSE: UNFI) announces updated selling show schedule for 2024 and introduces Circle of Excellence Awards to recognize outstanding performance and growth of UNFI customers and suppliers.
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United Natural Foods Releases Better for All Environmental, Social, and Governance Report for Fiscal Year 2023

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United Natural Foods, Inc. (NYSE: UNFI) releases its 13th annual Better for All Report, detailing significant progress on social, environmental, and governance objectives during the Company's 2023 fiscal year, emphasizing safety, well-being, waste, climate, sourcing, and community. The report demonstrates that UNFI's initiatives benefitting the planet, society, and the food industry can also directly benefit the Company's business performance, resulting in enhanced value for all stakeholders.
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United Natural Foods, Inc. Reports First Quarter Fiscal 2024 Results

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United Natural Foods, Inc. (NYSE: UNFI) reported Q1 fiscal 2024 results. Net sales increased 0.3% to $7.6 billion, net loss of $39 million, and adjusted EBITDA decreased 43.5% to $117 million. The company affirmed fiscal 2024 outlook for net sales, Adjusted EBITDA, and Adjusted EPS.
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United Natural Foods

NYSE:UNFI

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UNFI Stock Data

1.49B
59.22M
2.02%
92.12%
6.35%
Food Distribution
Wholesale-groceries, General Line
Link
United States
PROVIDENCE