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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.
United Natural Foods, Inc. (NYSE: UNFI) successfully hosted its annual Conventional Expo in Minneapolis from July 19-21, attracting nearly 2,700 customers and 700 suppliers. The event showcased 270 new products and introduced 250 sustainable items, enhancing retailers' offerings for the holiday season. CEO Sandy Douglas emphasized UNFI's role in aiding retailers' growth through innovative services and exclusive promotions. The expo also included the introduction of the Independent Grocer’s Guidebook, produced with AlixPartners, designed to support grocery growth strategies.
United Natural Foods, Inc. (NYSE: UNFI) has announced a new leadership structure aimed at driving growth across four key platforms: Services, Wholesale, Retail, and Corporate and Business Transformation. CEO Sandy Douglas emphasized a focus on sustainable, profitable growth with a $140 billion addressable market. Chris Testa will lead the Services platform, while Steve Dietz will focus on Wholesale growth. This restructuring aligns with the company's 'Fuel the Future' strategy, which is now entering its second year, expecting to enhance capital allocation flexibility and shareholder value.
United Natural Foods (UNFI) reported Q3 fiscal 2022 results, showcasing a 9.2% increase in net sales to $7.2 billion and a 39.6% rise in net income to $67 million. Earnings per share (EPS) hit $1.10, marking a 37.5% growth. Adjusted EBITDA rose 5.9% to $196 million. The company updates its full-year outlook, projecting net sales between $28.8 and $29.1 billion. UNFI also refinanced its credit facility, adding $500 million to bolster liquidity. CEO Sandy Douglas emphasized the effectiveness of their strategic initiatives amid market challenges.
United Natural Foods (NYSE: UNFI) has announced its commitment to reducing emissions across its operations and value chain. The targets, validated by the Science-Based Targets initiative, aim for a 38% reduction in heavy freight GHG emissions and a 50% reduction in scope 1 and 2 emissions by 2030, using fiscal 2020 as a base year. Additionally, UNFI plans to cut scope 3 emissions from purchased goods and services by 25%. This initiative is part of their broader ESG agenda, titled Better for All.
United Natural Foods, Inc. (NYSE: UNFI) is set to release its financial results for the fiscal 2022 third quarter, ending April 30, 2022, on June 7, 2022, at 8:30 a.m. ET. Investors can access the conference call by dialing 888-660-6768, using conference ID 1099581. An audio webcast with related materials will be available on the company's website, where an archive will remain accessible for 120 days. UNFI is North America's leading food wholesaler, providing a broad range of products to diverse retail and food service customers.
United Natural Foods, Inc. (NYSE: UNFI) announced the retirement of COO Eric Dorne, effective October 29, 2022, after 46 years in the grocery industry and 11 years with UNFI. Under his leadership, the company achieved revenues exceeding
United Natural Foods, Inc. (NYSE: UNFI) expands its partnership with Too Good To Go, enhancing food waste reduction efforts. Initially a pilot program, this collaboration has significantly increased participation among retailers. The program allows grocers to sell surplus food at discounted prices, benefiting consumers and preventing waste. With plans to extend availability to more cities, UNFI aims to support independent grocers in combating food insecurity and climate change.
United Natural Foods, Inc. (NYSE: UNFI) has appointed Mahrukh Hussain as General Counsel and Corporate Secretary, effective May 16, 2022. Hussain, previously with McDonald's for 22 years, will oversee UNFI's legal and governance activities as part of its growth strategy. Reporting to CEO Sandy Douglas, she will support various legal functions, including compliance and strategic transactions. Hussain's extensive background in corporate law is expected to enhance UNFI's leadership and ethical standards, reinforcing its commitment to long-term growth.
United Natural Foods, Inc. (NYSE: UNFI) announced on March 22, 2022, that it granted an inducement restricted stock unit (RSU) award to Louis Martin, its Chief Strategy and Transformation Officer, covering 20,310 shares of common stock. The RSU will vest in three equal annual installments beginning on the first anniversary of the grant date. This award was approved by the Company’s Compensation Committee based on employment inducement exemptions. The terms of this RSU are similar to those granted to other employees.
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