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.
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Rhea-AI Summary
United Natural Foods, Inc. (UNFI) has announced the pricing of a $500.0 million senior secured term loan facility. The 7-year Term Loan will have an interest rate of SOFR + 4.75% and an issue price of 98. UNFI plans to use the proceeds to refinance existing debt, expecting to close the transaction in early May.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.05%
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United Natural Foods, Inc. (UNFI) partners with Samsara to enhance fleet safety and sustainability. UNFI adopts Samsara's technology to reduce emissions, improve efficiency, and achieve zero waste to landfills by 2030. The collaboration aims to make UNFI's operations more sustainable and customer-centric.
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Rhea-AI Sentiment
End-of-Day
0.13%
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United Natural Foods, Inc. (UNFI) plans to refinance its senior secured term loan with a $500.0 million amended term loan credit facility. The refinancing aims to extend the maturity date, modify interest rates, and make other adjustments to the terms. UNFI intends to use the proceeds along with borrowings to repay the existing term loan, with the closing expected in April 2024.
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Rhea-AI Sentiment
End-of-Day
-2.9%
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United Natural Foods, Inc. appoints Giorgio Matteo Tarditi as President and CFO, succeeding John W. Howard. Tarditi brings over 26 years of experience from GE, with expertise in finance, operations, and M&A integrations. He aims to drive operational excellence and value creation for shareholders.
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Rhea-AI Sentiment
End-of-Day
-18.43%
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United Natural Foods, Inc. (UNFI) reported financial results for Q2 of fiscal 2024 with a 0.5% decrease in net sales to $7.8 billion, a net loss of $15 million, and adjusted EBITDA down by 29.3% to $128 million. Despite reducing net sales outlook for fiscal 2024, the company focuses on operational efficiency, shrink reduction, and network automation. UNFI's CEO, Sandy Douglas, highlighted progress in profitability improvement and transformation efforts. The company's gross profit rate declined due to lower procurement gains, while operating expenses remained stable. UNFI's free cash flow decreased to $116 million, and total outstanding debt reduced to $2.16 billion. The updated fiscal 2024 outlook includes narrowed ranges for net sales, net loss, EPS, adjusted EPS, and adjusted EBITDA.
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Rhea-AI Sentiment
End-of-Day
-18.43%
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United Natural Foods, Inc. (UNFI) successfully concluded its Spring & Summer Show in Orlando, hosting over 6,200 attendees, including 3,360 retail customers and 740 suppliers. The event showcased 1,200 brands across more than 100,000 square feet, with 25 emerging brands featured. UNFI's unique Pitch Slam competition highlighted innovative products, with The Patch Brand winning. The Company also recognized its 2023 customer Circle of Excellence winners. Future shows include Holiday and Winter events in June and August.
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Rhea-AI Sentiment
End-of-Day
0.25%
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United Natural Foods, Inc. (UNFI) will announce fiscal 2024 Q2 results on March 6, 2024. A conference call will be held to discuss the results, accessible via phone or webcast.
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Rhea-AI Sentiment
End-of-Day
-0.06%
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United Natural Foods, Inc. (UNFI) successfully concluded its first comprehensive product and solution regional selling show, featuring a wide range of natural, conventional, fresh, and organic products, along with UNFI's Professional Services. The event connected over 5,500 attendees, including retailers and suppliers, showcasing more than 1,000 brands. The show highlighted new products, diverse suppliers, and included a Pitch Slam competition. UNFI plans to host upcoming shows in Orlando, Uncasville, and Minneapolis.
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Rhea-AI Sentiment
End-of-Day
2.14%
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United Natural Foods, Inc. (UNFI) plans to implement an A.I.-powered robotic automation system in its soon-to-be-completed distribution center in Manchester, PA. The advanced system, manufactured by Symbotic, is expected to enhance customer experience, improve quality and service, increase capacity, and lower overall costs. The new facility is set to come online in the Summer of 2024 and the automation system is expected to be fully operational by Spring 2025.
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Rhea-AI Sentiment
End-of-Day
1.41%
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United Natural Foods, Inc. (NYSE: UNFI) announces updated selling show schedule for 2024 and introduces Circle of Excellence Awards to recognize outstanding performance and growth of UNFI customers and suppliers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.08%
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United Natural Foods Inc
NYSE:UNFI
UNFI Rankings
UNFI Stock Data
575.35M
58.13M
2.46%
90.01%
5.03%
Packaged Frozen Food Merchant Wholesalers
Wholesale Trade
United States of America
PROVIDENCE
About UNFI
unfi is the leading independent national distributor of natural, organic and specialty foods and related products including nutritional supplements, personal care items and organic produce, in the united states & canada. in addition to excellent distribution services, we provide a range of innovative, value-added services for our customers and suppliers, to foster mutual success and growth. our services include marketing and promotional tools, merchandising, category management and store support services. our distribution operations are divided into five principal units: unfi, eastern region; unfi, western region; albert’s organics; select nutrition distributors; and unfi canada. in addition to distribution operations, unfi's divisions include blue marble brands, earth origins markets, woodstock farms manufacturing and honest green. we distribute from 28 distribution centers to customers throughout the united states & canada and to more than 40 additional countries.