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, Inc. (NYSE: UNFI) is enhancing its distribution capabilities to support emerging brands seeking to connect with North American consumers. Leveraging a network of over 56 distribution centers and 30,000 retail locations, UNFI is positioned to facilitate rapid market entry and brand visibility for new suppliers. Programs like UpNext are tailored to help promising brands, such as Talia Di Napoli and Evive, to navigate their growth trajectories and expand into diverse markets.
With a focus on fostering long-term relationships, UNFI’s account managers provide customized solutions to enhance marketing strategies for suppliers. This collaboration is crucial for brands aiming to penetrate both natural and conventional grocery spaces.
United Natural Foods, Inc. (NYSE: UNFI) has announced key leadership changes to support its four-part transformation program aimed at enhancing customer and supplier experiences while driving operational efficiency and shareholder value. Erin Horvath has been named Chief Operating Officer, focusing on project management and digital initiatives, while Louis Martin takes on the role of President of Wholesale, overseeing customer-centric strategies. The transformation plan includes network automation, digital enhancements, and infrastructure modernization, positioning UNFI to improve its service delivery and operational capabilities significantly.
United Natural Foods, Inc. (NYSE: UNFI) has announced a series of strategic enhancements to improve its supply chain and customer experience. Key initiatives include the implementation of SAE technology tools and the rollout of A.I.-powered robotics from Symbotic (NASDAQ: SYM) at its Centralia, Wash. distribution center. This is part of UNFI's four-part transformation agenda aimed at increasing operational efficiency, order accuracy, and overall value to shareholders. The deployment will start later this month, with full operation expected in 2024. UNFI’s improvements focus on enhancing procedures, training, and leveraging technology across its 56 distribution centers.
United Natural Foods reported second-quarter fiscal 2023 results, revealing a 5.4% increase in net sales to $7.8 billion. However, gross profit fell by 0.6%, totaling nearly $1.1 billion. Net income plummeted 71.2% to $19 million, with diluted EPS decreasing 71.3% to $0.31. Adjusted EBITDA also declined by 17.7% to $181 million. The company has withdrawn its long-term fiscal 2024 targets, significantly lowering its FY2023 profitability forecast while maintaining its sales outlook. Notably, UNFI reduced net debt by $427 million during the quarter, bolstered by accounts receivable monetization.
United Natural Foods, Inc. (NYSE: UNFI) is set to release its fiscal 2023 second-quarter financial results on March 8, 2023, covering the period ended January 28, 2023. The results will be discussed during a conference call at 8:30 a.m. ET on the same day. Investors can access the call by dialing (888) 660-6768 and providing conference ID 1099581. An audio webcast will be available through the company’s website for 120 days. UNFI is recognized as North America's top grocery wholesaler, serving over 30,000 locations and offering a diverse range of products and services.
United Natural Foods, Inc. (NYSE: UNFI) announced a partnership with ECRS to enhance its Professional Services suite for CATAPULT retail users. This collaboration focuses on improving Electronic Data Interchange (EDI) capabilities, aiming to streamline operations and customer experiences for grocery retailers. UNFI's customizable services aim to lower costs and boost sales by integrating technologies like digital coupons and delivery services. With over 2,000 EDI accounts active, the partnership is expected to process over 500,000 electronic transmissions in 2023, simplifying ordering and enhancing supply chain efficiency.
United Natural Foods, Inc. (NYSE: UNFI) has partnered with ECRS to enhance the CATAPULT retail solution, providing tools for independent retailers to boost sales and improve customer experiences. This agreement allows ECRS to assist existing CATAPULT users in utilizing UNFI's Professional Services suite, which includes digital coupons and payment services. UNFI aims to simplify operations through technology, enhancing the business for retailers. The collaboration is expected to streamline supply chain processes, with ECRS Gateway managing over 2,000 EDI accounts, processing more than 500,000 electronic transactions in 2023.
United Natural Foods, Inc. (NYSE: UNFI) successfully hosted its Natural & Conventional Spring & Summer Show in Orlando, Florida, attracting over 3,000 attendees, including 1,000 brands and 2,000 customers.
This event introduced more than 1,500 new products and emphasized the importance of value and deals amidst rising food prices.
UNFI's Professional Services segment is gaining interest from independent grocery retailers, reflecting a growing appetite for innovative solutions. The company will continue its buying shows throughout 2023, including an upcoming event in Anaheim, California.
United Natural Foods, Inc. (NYSE: UNFI) has expanded its Wild Harvest private label organic produce line, adding over 40 new products nationwide. This initiative builds on significant growth seen since the line's 2022 launch. Popular offerings include a variety of fruits and vegetables, all marked with USDA Organic Certified labels. The expansion aims to enhance freshness and value, responding to growing consumer demand for organic products. Notably, about 12% of fresh produce sales in the U.S. are organic, and UNFI is positioning itself to help customers meet or exceed this average, leveraging its scale and supply chain to offer competitive pricing.
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?
