United Natural Foods Stock Price, News & Analysis

United Natural Foods, Inc. (NYSE: UNFI) has successfully repriced its senior secured term loan facility. The amendment lowers the Applicable Rate from 4.25% to 3.50% for LIBOR-based loans, while maintaining a LIBOR floor of 0.00%. Other key terms, including operating covenants and maturity date, remain unchanged. UNFI is recognized as North America's largest publicly traded grocery distributor, supplying a diverse range of products to various retail and food service customers across the continent.

United Natural Foods, Inc. (NYSE: UNFI) has appointed Dorn Wenninger as Senior Vice President of Produce. In this new role, Wenninger will drive growth and enhance UNFI’s produce strategy, reporting directly to President of Fresh, Paul Green. With over 25 years of experience in procurement and operations, Wenninger previously served as Vice President Perishables at Walmart Mexico, overseeing fresh departments for 2,400 stores. His expertise aims to capitalize on growth opportunities in the produce sector for UNFI and its retail customers.

United Natural Foods, Inc. (NYSE: UNFI) announced a repricing transaction for its senior secured term loan facility, aiming to reduce the Applicable Margin by 50 to 75 basis points. The closing of this repricing is expected in February 2021, pending market conditions. UNFI is recognized as North America's largest food wholesaler, providing a diverse range of products to various retail outlets and food service customers. The company emphasizes its commitment to delivering quality food and choices to its customers across the continent.

United Natural Foods (NYSE: UNFI) has appointed Ms. Gloria Roberts Boyland to its Board of Directors, effective January 14, 2021. This appointment aims to enhance the Board's expertise in supply chain management, aligning with UNFI's long-term strategic goals. Boyland, a seasoned executive with a track record at FedEx and GE Capital, will contribute valuable insights into operational transformation. UNFI's Board now consists of 10 directors, with a focus on diversity, including 40% female representation and 20% individuals of color.

United Natural Foods (NYSE: UNFI) will participate in the 2021 ICR Conference on January 12, 2021, starting at 9:30 am ET. CEO Steven Spinner and CFO John Howard will present and answer questions from investors. A live audio webcast and presentation will be accessible via the investor relations section of UNFI's website at www.unfi.com under the 'Events and Presentations' link. UNFI is North America's leading food wholesaler, delivering a wide array of products to various retail formats.

United Natural Foods (NYSE: UNFI) announced the grant of a restricted stock unit (RSU) award to R. Eric Esper, its Chief Accounting Officer, on December 11, 2020. This award covers 43,324 shares of common stock and will vest in three equal annual installments starting from the first anniversary of the grant date. The RSU was approved by the Compensation Committee under the NYSE's employment inducement exemption and is similar to RSUs granted to other employees. UNFI remains North America's leading food wholesaler, serving various retail and food service customers.

United Natural Foods, Inc. (NYSE: UNFI) reported a 6.0% increase in net sales to $6.67 billion for Q1 fiscal 2021, with a net loss of $1 million. Adjusted EBITDA rose 30.6% to $159 million, while adjusted EPS jumped from $0.04 to $0.51 year-over-year. The company reaffirmed its full-year guidance for net sales and adjusted EBITDA. Operating expenses increased slightly to 13.50% of net sales, but improved operational efficiency led to a better gross margin rate at 14.48%. The company is expanding its distribution capabilities to meet growing demand.