United Natural Foods Stock Price, News & Analysis

United Natural Foods (NYSE: UNFI) has launched the Community Marketplace, a digital e-commerce platform designed to help emerging brands connect with UNFI customers. This initiative allows suppliers to sell products not currently available through UNFI’s distribution centers directly via the Easy Options website.

Approved suppliers retain control over inventory, pricing, and shipping, while customers gain access to a broader range of products without order minimums or fees. This integration aims to enhance product variety for local retailers across the U.S.

United Natural Foods, Inc. (UNFI) reported strong financial results for Q2 FY2021, with net sales rising 7.1% to $6.89 billion and a net income of $59 million, a significant improvement from a loss in the previous year. Adjusted EBITDA reached $206 million, a 57.3% increase, and adjusted EPS was $1.25, up 400%. The company expects to finish the fiscal year towards the upper end of prior ranges for adjusted EBITDA and EPS. UNFI also extended its distribution partnership with Whole Foods through September 2027.

United Natural Foods (NYSE: UNFI) has extended its primary wholesale grocery distribution agreement with Whole Foods Market until September 27, 2027. This partnership has been crucial during the COVID-19 pandemic, enabling both companies to meet the increasing demand for healthy foods across North America. UNFI's CEO, Steven L. Spinner, emphasizes the importance of this collaboration in the evolving food landscape, ensuring efficient supply chain operations. Whole Foods' Senior Vice President of Supply Chain, Bart Beilman, also highlighted the integral role UNFI plays in delivering high-quality products.

United Natural Foods, Inc. (UNFI) will announce its fiscal 2021 second-quarter financial results on March 10, 2021. The results pertain to the period ending January 30, 2021. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss these results, accessible by dialing (877) 682-3423 with conference ID 3179215. An audio webcast and supplementary materials will be available on UNFI's investor website for 120 days. As a leading food wholesaler in North America, UNFI offers a broad selection of products to various retail and food service customers.

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.