United Natural Foods

United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products. The firm operates through the following segments: Wholesale and Retail. The Wholesale segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada. The Retail segment derives revenues from the sale of groceries and other products at retail locations operated by company. It offers food and non food, frozen, perishables, bulk, body care products, and supplements. The company was founded by Michael S. Funk and Norman A. Cloutier in July 1976 and is headquartered in Providence, RI.

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UNFI reports Q3 growth but faces market challenges and opportunities

UNFI's Q3 performance saw growth in net sales but a decline in adjusted EBITDA, impacted by weaker sales and margins. The company is addressing profitability weaknesses and remains confident in its longer-term outlook. Challenges include market tightening, down-trading, and shrink degradation, while opportunities lie in strategic updates and commercial contract reviews.

UNFI reports revenue growth but adjusts profit outlook amid challenges

UNFI's Q2 saw revenue growth but lower profitability, prompting adjustments in outlook and targets. The company is focused on a transformation plan to enhance operations and customer value. Challenges in reacting to inflation and varying customer performance are being addressed through technology investments.

UNFI reports below-expectation Q3 results, focuses on profitability improvement

UNFI's Q3 performance reflects challenges from the supply chain crisis and changing consumer behavior, impacting profitability.
Efforts to address weaknesses include cost-cutting measures, SKU rationalization, and contract renegotiations for cost savings.
Despite challenges, UNFI remains focused on sustainable transformation, debt reduction, and long-term profitability improvement.
Revised outlook maintains sales expectations but lowers adjusted EBITDA and EPS midpoints, with a positive long-term outlook.

UNFI meets Q4 expectations, eyes transformation and growth in 2024

UNFI is on track with its transformation plan, capturing operational benefits.
Despite challenges in the food industry, the company is focused on growth and efficiency.
Fiscal 2024 is expected to be pivotal for profitability reset and transformation acceleration.
Strategic initiatives like board refreshment and capital allocation aim to drive value.

UNFI surpasses Q1 expectations, focuses on transformation for growth

UNFI's Q1 performance exceeded expectations, with a focus on operational improvements and transformation initiatives to drive value creation and efficiency.
While facing challenges from inflation and financial pressures, the company remains committed to executing its strategy and enhancing competitiveness.
Opportunities lie in managing inflation, driving growth, and leveraging transformation efforts to navigate industry dynamics and create value for stakeholders.
CEO's confidence in the transformation plan underscores UNFI's commitment to sustainable growth and value creation for customers, suppliers, and shareholders.

UNFI surpasses Q2 expectations, focuses on efficiency amid industry challenges

UNFI's Q2 performance reflects resilience and strategic focus on efficiency and profitability amidst industry challenges.
The company's emphasis on reducing costs, improving supply chain processes, and automation underscores a commitment to sustainable growth.
Despite margin pressure and inflation challenges, UNFI remains confident in its multiyear improvement plan and value creation for stakeholders.

UNFI meets Q3 targets, focuses on growth strategies and cost efficiency

UNFI's Q3 performance met fiscal 2024 targets, with a focus on strengthening the foundation and enhancing financial metrics.
Challenges include flat sales, retail segment pressure, and declining adjusted EBITDA, offset by cost reductions and strategic initiatives.
Opportunities lie in the new strategic plan, automation for efficiency, and ongoing cost reduction efforts to drive future growth.
Revised outlook maintains sales, raises EBITDA and EPS ranges, emphasizing a commitment to financial improvement and operational efficiency.

UNFI reports strong Q4 results, focuses on growth strategies

UNFI's strong Q4 performance reflects strategic focus on growth areas
Challenges include flat revenue and pressure on Retail sales
Opportunities lie in optimizing operations and expanding product segments
Company aims for EBITDA growth, debt reduction, and margin expansion

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United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products. It offers food and non-food, frozen, perishables, bulk, body care products, and supplements. It operates through the following segments: Wholesale, Retail, and Other. The Wholesale segment refers to the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada. The Retail segment derives revenues from the sale of groceries and other products at retail locations operated by company. The company was founded by Michael S. Funk and Norman A. Cloutier in July 1976 and is headquartered in Providence, RI.

United Natural Foods missed earnings by a wide margin on Wednesday. Sales grew modestly, and even a bit ahead of schedule, and sales guidance remains good.

Why United Natural Foods Stock Crashed 27.5% on Wednesday

United Natural Foods, Inc. (NYSE:UNFI ) Q2 2023 Earnings Conference Call March 8, 2023 8:30 AM ET Company Participants Steve Bloomquist - Vice President, Investor Relations Sandy Douglas - Chief Executive Officer John Howard - Chief Financial Officer Conference Call Participants Anders Myhre - Guggenheim Securities Mark Carden - UBS Andrew Wolf - CL King Leah Jordan - Goldman Sachs Peter Saleh - BTIG Krisztina Katai - Deutsche Bank Ben Wood - BMO Capital William Reuter - Bank of America Scott Mushkin - R5 Capital Operator Good morning. My name is Audra, and I will be your conference operator today.

United Natural Foods, Inc. (UNFI) Q2 2023 Earnings Call Transcript

United Natural Foods (NASDAQ:UNFI) stock slumped by a third in early trade after the company reported second-quarter earnings that fell short of expectations and slashed its full-year earnings guidance. The company, which distributes organic and natural foods to grocers including Whole Foods Market, reported a 5.4% rise in net sales to $7.8 billion for the 13 weeks to January 28, 2023.

United Natural Foods' shares spiral as market digests 2Q earnings miss, revised guidance

United Natural (UNFI) delivered earnings and revenue surprises of -43.48% and 0.06%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

United Natural Foods (UNFI) Q2 Earnings Lag Estimates

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The food distributor withdrew its long-term financial targets after missing earnings expectations in the second fiscal quarter.

United Natural Foods Slashes Profit Guidance. The Stock Is Plunging.

Shares of United Natural Foods Inc. UNFI, -0.92% plunged 20.8% toward a 19-month low in premarket trading Wednesday after the grocery wholesaler reported fiscal second-quarter profit that missed by a wide margin, as “rapidly accelerating inflation” took a bite out of results. Net income for the quarter to Jan. 29 fell to $19 million, 31 cents a share, from $66 million, or $1.08 a share, in the year-ago period.

United Natural Foods stock plunged toward a 1 1/2-year low after big earnings miss and lowered full-year outlook

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today reported financial results for the second quarter of fiscal 2023 (13 weeks) ended January 28, 2023. Second Quarter Fiscal 2023 Highlights (comparisons to second quarter fiscal 2022) Net sales increased 5.4% to $7.8 billion, primarily driven by inflation and new business Gross profit decreased $6 million, or 0.6%, to nearly $1.1 billion; prior to LIFO charge, gross profit rose 0.

United Natural Foods, Inc. Reports Second Quarter Fiscal 2023 Results

United Natural Foods' (UNFI) fiscal second-quarter results will likely reflect gains from strength in the e-commerce performance. Strong brands, professional services and fresh pillars bode well.

United Natural (UNFI) Queued for Q2 Earnings: Things to Note

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its fiscal 2023 second quarter, ended January 28, 2023, the morning of Wednesday March 8, 2023. Management will host a conference call that morning at 8:30 a.m. ET to discuss results. To access the conference call, please dial (888) 660 - 6768 (U.S. toll-free) and reference conference ID number 1099581.

United Natural Foods to Release Fiscal 2023 Second Quarter Results on March 8, 2023

BOONE, N.C. , Feb. 22, 2023 /PRNewswire/ -- United Natural Foods, Inc. (NYSE: UNFI) ("UNFI") and ECRS, a Certified Evergreen™ transaction and retail solutions provider, today announced an agreement allowing ECRS to assist new and existing CATAPULT® retail users in taking advantage of the UNFI Professional Services suite from digital coupons and third-party delivery services to more affordable electronic payments.

ECRS and United Natural Foods Sign Agreement to Drive Growth and Efficiency for Grocery Retailers

PROVIDENCE, R.I.--(BUSINESS WIRE)-- #Agreement--UNFI and ECRS announced an agreement allowing ECRS to assist new and existing CATAPULT retail users to utilize the UNFI Professional Services suite.

United Natural Foods and ECRS Sign Agreement to Drive Growth and Efficiency for Grocery Retailers

UNFI's Natural & Conventional Spring & Summer Show in Orlando, Fla. was the first of four major buying shows UNFI will deliver in 2023. With over 170,000 square-feet of show space, the show offered an ideal venue to introduce new products and line extensions, with UNFI estimating more than 1,500 new items available for retailers to discover. (Photo: Business Wire)

United Natural Foods Natural & Conventional Show Delivers Solutions to Help Grocery Customers Remain Competitive in Macro Environment

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PROVIDENCE, R.I.--( BUSINESS WIRE )--With efforts to create a more inclusive supplier network, United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) announced that it doubled its year-over-year spend with diverse-owned suppliers during its 2022 fiscal year and has established a fiscal year 2023 goal for three percent of UNFI's annual product spend to be with diverse-owned suppliers.

United Natural Foods Supplier Diversity Efforts Help Build More Equitable Food System

PROVIDENCE, R.I.--( BUSINESS WIRE )--Delivering on its commitment of freshness and value to customers, United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced the expansion of its Wild Harvest private label organic produce line with more than 40 new offerings available nationwide. Since its 2022 launch, the Wild Harvest organic produce line has enjoyed significant growth as consumers have come to rely on the brand for their eating occasions.

UNFI Expands Wild Harvest Organic Produce Offering with Over 40 New Products

PROVIDENCE, R.I.--( BUSINESS WIRE )--United Natural Foods, Inc. (NYSE: UNFI) (“UNFI”) today announced plans to host approximately 4,000 customers, suppliers, vendors, and emerging brands at its Spring and Summer Show taking place Feb. 7-8 in Orlando, Fla. The show, which kicks off the first of UNFI's four major selling shows in 2023, provides attendees the opportunity to meet with experts across natural, GM/HBC, meat, seafood, produce, and bakery and deli departments to take advantage of unique deals, view what's trending in the New Product Showcase, and network with a community of industry experts.

United Natural Foods to Showcase a Wide-Ranging, Innovative Portfolio of Products, Services, and Emerging Brands at Orlando Selling Show

PROVIDENCE, R.I.--( BUSINESS WIRE )--United Natural Foods, Inc., (NYSE: UNFI) (the “Company” or “UNFI”) today released its annual Better for All Report, which details UNFI's progress toward its Environmental, Social, and Governance (ESG) commitments during the Company's 2022 fiscal year, which ended July 30, 2022. In its 12th year of environmental and social reporting, UNFI reported progress in nine impact focus areas consisting of Customer Health & Safety, Energy Efficiency, Governance, Associate Safety & Well-Being, Climate Action, Diversity, Equity, & Inclusion (DEI), Community Development, Responsible Procurement, and Waste Reduction. This year, the Company launched three new science-based targets, bringing its total goals to 15 across its entire Better for All strategy.

United Natural Foods Releases Better for All Report for Fiscal Year 2022

PROVIDENCE, R.I.--( BUSINESS WIRE )--United Natural Foods, Inc. (NYSE: UNFI) will participate in next week's ICR Conference 2023. Chief Executive Officer Sandy Douglas and Chief Financial Officer John Howard will be part of a fireside chat beginning at 9:30 am ET on January 9, 2023.

United Natural Foods to Participate at ICR Conference

United Natural Foods has successfully outperformed the broader market in recent months, despite mixed financial performance. Even so, the stock has fallen and investors seem to be pessimistic at this time.

United Natural Foods: Still A Fantastic Prospect Despite Mixed Results

United Natural Foods began its 2023 Fiscal year with an 8% increase in sales totalling $7.5 billion, in line with customers opting for at-home food to offset rising living costs. Gross margins increased from Q4 2022, but are still lower than one year prior at 14.55%.

United Natural Foods: New Fiscal Year Brings Sales Growth And A Growing Customer Base

Deal opens channels for Cause Water availability nationwide FORT LAUDERDALE, Fla. , Dec. 27, 2022 /PRNewswire/ -- Golden Grail Technology (OTC: GOGY), a diversified beverage and investment group, today announced a new strategic distribution agreement with United Natural Foods, Inc. (NYSE: UNFI) for its Cause Water brand.

Golden Grail Bolsters Distribution Network with UNFI Agreement

PROVIDENCE, R.I.--( BUSINESS WIRE )--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) announced that Ron Selders has been named President of Fresh where he will lead the Company's growth strategy for its deli, bakery, produce, and meat departments. These critically important store perimeter categories drive traffic and provide independent grocery retailers with choice, value and unique products that help differentiate them within their marketplace. Selders' appointment is effective December 26, and he will report to Steve Dietz, UNFI's Chief Customer Officer.

United Natural Foods Names Ron Selders Its New President of Fresh

PROVIDENCE, R.I.--( BUSINESS WIRE )--United Natural Foods, Inc. (“the Company” or “UNFI”) today announced that its Warehouse to Wheels program has grown by more than 300% over the past two years and is now available to associates at a majority of UNFI's 56 distribution centers. Originally developed at a single UNFI distribution center to help combat a driver shortage, today the program is offered to eligible distribution center associates interested in obtaining the training necessary to receive their Class A CDL license while being employed by UNFI. Associates completing the 12-week program become full-time UNFI truck drivers with assigned routes and opportunities to earn higher wages and annual safe driving bonuses.

United Natural Foods' Warehouse to Wheels Program Helps Company Deliver for Customers During Critical Holiday Season While Building Pipeline of Future Truck Drivers

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