United Natural Foods, Inc. reports developments tied to its role as a North American grocery wholesaler serving natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and foodservice customers. News commonly covers quarterly results, profitability and cash-flow trends, debt and leverage commentary, conference participation, and updates on the company’s value creation strategy.
Company updates also address fresh, branded, and owned brand product assortments, retail trend programs, supplier and customer services, proprietary technology, data and market insights, shelf management, supply-chain initiatives, network optimization, and lean process adoption across its distribution operations.
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 $27 billion and expanded to 56 distribution centers. Dorne will assist in transitioning responsibilities to ensure operational continuity. CEO Sandy Douglas praised Dorne's significant contributions during his tenure, especially during the integration of Supervalu Inc. in 2018 and navigating the COVID-19 pandemic.
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.
Summary not available.
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.