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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) 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.
United Natural Foods, Inc. (NYSE: UNFI) announced the grant of a time-based restricted stock unit (RSU) award to Matthew T. Echols, its Chief Corporate Affairs Officer, covering 14,484 shares. The RSU will vest in three annual installments starting on the first anniversary of the grant date, March 11, 2022. This award was approved by the Compensation Committee and is in compliance with NYSE Listing Standards Rule 303A.08. The RSU terms align with those of grants given to other UNFI employees.
United Natural Foods, Inc. (NYSE: UNFI) announced its second-quarter fiscal 2022 results, reporting net sales of $7.4 billion, up 7.5% year-over-year. Net income reached $66 million, an increase of 11.9%, while earnings per share (EPS) rose to $1.08, up 8.0%. However, adjusted EBITDA declined by 2.4% to $201 million, and adjusted EPS dropped 9.6% to $1.13. The company raised its full-year outlook for net sales, net income, and EPS, citing inflation and new business opportunities.
United Natural Foods (UNFI) appoints Louis Martin as Chief Strategy & Transformation Officer, effective March 21, 2022. Martin, previously President of the Global Walmart Customer Team at Coca-Cola, will lead UNFI’s long-term growth strategy, including overseeing Revenue Management, M&A, Continuous Improvement, and Project Management. This new role aims to enhance supply chain, technology, and automation capabilities, contributing to UNFI's 'Fuel the Future' strategy. CEO Sandy Douglas believes Martin's experience will drive sustainable growth.
United Natural Foods, Inc. (NYSE: UNFI) will announce its fiscal 2022 second quarter financial results on March 9, 2022, at 8:30 a.m. ET. The results will cover the period ended January 29, 2022. A conference call will be held to discuss these results, accessible by dialing 888-550-5723 (U.S. toll-free) and entering conference ID 9710125. An audio webcast will also be available on UNFI's website for 120 days post-event.
United Natural Foods (NYSE: UNFI) announces the appointment of Shamim Mohammad to its Board of Directors, effective February 3, 2022. This move aims to enhance the Board's technological expertise, aligning with UNFI's strategic goals. Mohammad, previously Chief Information and Technology Officer at CarMax, brings extensive experience in leading technology initiatives and has been recognized as a top CIO. With this addition, the Board now has 11 directors, including four women and three people of color, reflecting UNFI's commitment to diversity and stakeholder value creation.
United Natural Foods, Inc. (UNFI) has appointed Matt Echols as the Chief Corporate Affairs Officer, effective March 1, 2022. In this newly created role, Echols will oversee Corporate Communications, Public Policy, Government Relations, and ESG initiatives. Previously, he served at Coca-Cola as Global VP for Public Affairs and Sustainability, bringing extensive experience to the position.
CEO Sandy Douglas emphasized the importance of integrated capabilities in these areas, highlighting Echols’ expertise as beneficial for UNFI's growth and stakeholder engagement.
United Natural Foods, Inc. (NYSE: UNFI) will participate in the ICR Conference 2022, with a fireside chat featuring CEO Sandy Douglas, President Chris Testa, and CFO John Howard at 9:00 am ET on January 10, 2022. Investors can access the live audio webcast via the company's investor relations website. UNFI is recognized as North America's leading food wholesaler, supplying a vast array of products to various retailers and food service customers, and is the largest publicly traded grocery distributor in the country.
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