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.
United Natural Foods Inc. (UNFI) serves as North America's primary connector between natural product suppliers and retail networks. This news hub provides investors and industry professionals with essential updates on the company's wholesale distribution operations, market strategies, and supply chain developments.
Track critical announcements including quarterly earnings, facility expansions, retail partnerships, and sustainability initiatives. Our curated collection features official press releases alongside analysis of UNFI's evolving role in organic food distribution and grocery sector trends.
Key coverage areas include operational updates across UNFI's regional divisions, innovations in value-added services for retailers, and strategic moves within the competitive natural products landscape. Regular updates ensure stakeholders maintain current awareness of factors impacting UNFI's position in the $140B+ natural foods market.
Bookmark this page for streamlined access to UNFI's latest developments, with new content added as corporate announcements occur. Combine this resource with financial filings and market analysis tools for comprehensive investment research.
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.
United Natural Foods, Inc. (NYSE: UNFI) is set to release its fiscal 2021 first-quarter financial results for the period ending October 31, 2020, on December 9, 2020. The company will hold a conference call at 8:30 a.m. ET to discuss these results. Investors can join the call by dialing (877) 682-3423 and using conference ID 8959225. Additionally, an audio webcast and relevant materials will be available on the company's website for 120 days, highlighting UNFI's commitment to transparency and investor engagement.
United Natural Foods, Inc. (NYSE: UNFI) announced new long-term labor agreements with Teamsters in its Hudson Valley distribution center and California locations to enhance operational flexibility. The contracts ensure competitive wages and strong benefits for associates while reinforcing UNFI’s commitment to safety amid the COVID-19 pandemic. Chief Operating Officer Eric Dorne emphasized the significance of these agreements for bolstering customer service during peak seasons. UNFI has ratified approximately 15 labor agreements in the last two years, showcasing its commitment to equitable labor relations.
United Natural Foods, Inc. (NYSE: UNFI) has completed its notes offering of $500 million in 6.750% Senior Notes due 2028. After initial purchaser discounts and expenses, the net proceeds were approximately $490.5 million. UNFI will use these proceeds, along with borrowings from its ABL credit facility, to repay $500 million of its term loan facility. This marks UNFI's first unsecured note offering, aiding in extending the maturity of its debt and aims for a long-term net leverage between 2.0x and 2.5x, according to CFO John Howard.
United Natural Foods, Inc. (NYSE: UNFI) has priced its notes offering, increasing the amount to $500 million from $400 million. The 6.750% Senior Notes, due 2028, will be sold to investors at par and aim to reduce outstanding amounts under its term loan facility. The sale is set for October 22, 2020, pending customary closing conditions. The notes are unsecured obligations guaranteed by existing and future subsidiaries and will be offered only to qualified institutional buyers and non-U.S. persons.
United Natural Foods (NYSE: UNFI) announced plans to offer $400 million in Senior Notes due 2028. The company aims to utilize the net proceeds to repay part of its term loan facility, including accrued interest. The offering is targeted at qualified institutional buyers in the U.S. and outside the U.S. under applicable securities regulations. The notes will not be registered with the Securities Act, thus limiting their sale without proper registration. This release serves informational purposes and does not constitute a sale or solicitation.
United Natural Foods, Inc. (NYSE: UNFI) reported a net sales increase to $26.5 billion for fiscal 2020, marking an 18.9% growth year-over-year. Despite recording a net loss of $(274 million due to goodwill impairment, adjusted EBITDA rose to $673 million, and adjusted EPS increased to $2.72. In Q4, net sales reached $6.75 billion, a 0.4% increase, while net income surged 173.7% to $52 million. The company expects fiscal 2021 growth with net sales projected between $27.0 - $27.8 billion, reflecting a 3.3% increase over FY20.
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