United Natural Foods Stock Price, News & Analysis

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.

United Natural Foods, Inc. (NYSE: UNFI) has appointed Mark Bushway as Chief Supply Chain Officer, effective January 3, 2022. Bushway, previously President of UNFI’s Atlantic Region, will oversee the fulfillment network of 56 distribution centers serving over 30,000 customers in North America. His focus will include optimizing the fulfillment strategy and expanding distribution capabilities. With 18 years at UNFI and prior experience at C&S Wholesale Grocers, Bushway is well-positioned to lead this critical area of the business.

United Natural Foods reported Q1 FY2022 results with net sales of $7.0 billion, up 4.7% year-over-year. Net income reached $76 million, a significant increase from last year's loss. Earnings per share (EPS) stood at $1.25, up from a loss of $0.02. Adjusted EBITDA rose to $189 million, a 18.9% increase. The Company affirmed its full-year outlook with anticipated net sales between $27.8 billion and $28.3 billion. Credit ratings were upgraded by Moody's and S&P as the Company invests in distribution capabilities to meet customer needs.