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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.

Rhea-AI Summary
United Natural Foods, Inc. (UNFI) will release its fiscal 2024 first-quarter financial results on December 6, 2023. The company will host a conference call at 8:30 a.m. ET to discuss the results. Investors can access the conference call via dial-in or through the company's website.
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United Natural Foods, Inc. (UNFI) has appointed Andre Persaud as President and CEO of Retail. Persaud, with nearly 30 years of retail experience, will lead UNFI's retail banners CUB and Shoppers Food Warehouse. He will report to UNFI's CEO and President, Sandy Douglas.
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United Natural Foods, Inc. (UNFI) announces the deployment of two battery-electric semi-trucks and five regenerative electric refrigerated trailer systems in California. The new zero-emission delivery system will help UNFI reduce emissions and improve logistics efficiency during the peak holiday selling season.
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Company concludes successful 2023 show season; changes show schedule for 2024 season to showcase full assortment of products and services and better align with customer buying
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United Natural Foods, Inc. (UNFI) reported financial results for Q4 and FY 2023. Net sales increased 2.0% to $7.4 billion. Net loss of $68 million; Loss per diluted share of $(1.15). Adjusted EBITDA decreased 56.3% to $93 million. Year-end net debt reduced to $1.95 billion. Expect further headwinds due to inflation in H1 2024. Expect full year operating margin benefits in 2024 of nearly $150 million. Fourth quarter net sales increased 2.0%, driven by inflation and new business. Gross profit decreased 8.3% to $1.0 billion. Operating expenses were $1,004 million, benefiting from lower costs but offset by higher transformation initiative costs. Net loss for Q4 was $68 million. Fiscal 2024 outlook: Net sales $30.9-31.5 billion, Net loss $(110)-(36) million, Adjusted EPS $(0.88)-0.38, Adjusted EBITDA $450-550 million. Total outstanding debt, net of cash, ended the quarter at $1.95 billion. Total liquidity was $1.52 billion. Repurchased approximately 791,000 shares at an average price of $26.49 for an aggregate cost of $21 million.
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United Natural Foods, Inc. (UNFI) announces addition of three new members to its Board of Directors as part of ongoing transformation plan and commitment to shareholder value creation. Board will oversee financial review to enhance performance and drive shareholder value. Enters Cooperation Agreement with JCP Investment Management.
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United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its fiscal 2023 fourth quarter, ended July 29, 2023, the morning of Tuesday September 26, 2023.
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UNFI appoints Mario Maffie as Chief Information Officer (CIO)
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United Natural Foods, Inc. (UNFI) concluded its Conventional Winter Show, providing grocery retailers with access to suppliers and vendors. The show introduced new products, processes, and solutions to help retailers prepare for the holiday and winter selling periods.
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United Natural Foods, Inc. (NYSE: UNFI) has launched UNFI Insights, a new platform developed with Crisp, providing comprehensive sales, inventory, and deduction data for UNFI suppliers. The platform offers store and category recommendations, fill rates, voids, deduction and food waste dashboards, and compatibility with business intelligence tools like Tableau, Excel, Power BI, Google, Microsoft, Databricks, and Snowflake. This partnership aims to enhance supplier visibility and strengthen relationships with retailers.
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United Natural Foods

NYSE:UNFI

UNFI Rankings

UNFI Stock Data

1.48B
59.22M
2.02%
92.12%
6.35%
Food Distribution
Wholesale-groceries, General Line
Link
United States
PROVIDENCE