United Natural Foods Stock Price, News & Analysis

United Natural Foods, Inc. (NYSE: UNFI) has launched a new 125,000 square foot refrigerated distribution center in Londonderry, NH, enhancing its capacity to serve customers in the New England market. This facility aims to alleviate pressure on existing centers in Chesterfield, NH and Dayville, CT, supporting growth for significant clients. The center began its first shipments on October 3. UNFI is committed to optimizing its distribution network to improve service levels.

United Natural Foods, Inc. (NYSE: UNFI) has announced plans to enhance its Shoppers store portfolio by reacquiring three former locations and remodeling two existing stores in Baltimore and Prince George’s County. This initiative aims to improve shopping experiences for consumers who have relied on Shoppers for over 70 years. The three new stores are set to open soon, with celebrations that included community engagement and donations to local schools. Renovations will modernize facilities and enhance service, reflecting UNFI's commitment to community health and quality grocery offerings.

United Natural Foods (UNFI) reported its Q4 and FY 2022 results, highlighting a 7.3% increase in net sales to $28.9 billion, with net income rising 66.4% to $248 million. Q4 sales were up 8.0% at $7.3 billion, though net income fell 9.3% to $39 million, and EPS dropped 8.7% to $0.63. Adjusted EBITDA grew 7.7% to $829 million. Looking ahead, UNFI forecasts FY 2023 net sales between $29.8 - $30.4 billion, with EPS projected at $3.95 - $4.25. The company also announced a $200 million stock repurchase program.

United Natural Foods (NYSE: UNFI) and Symbotic (NASDAQ: SYM) have entered a commercial agreement to integrate Symbotic’s A.I.-powered automation technology in five UNFI distribution centers over the next four years. This initiative aims to enhance efficiency, improve order accuracy, and expand storage capacity, positioning UNFI for future growth. The system will facilitate customer-specific orders and improve operational safety. UNFI’s Chief Supply Chain Officer believes this integration will elevate their supply chain performance.

United Natural Foods, Inc. (NYSE: UNFI) is set to release its fiscal 2022 fourth quarter financial results on September 27, 2022, following the conclusion of the quarter on July 30, 2022. A conference call will be held at 8:30 a.m. ET to discuss the results. Investors can access the call by dialing (888) 660-6768 and using conference ID 1099581. The call will also be available via an audio webcast on the company’s website, where materials related to the call will be accessible for 120 days.

United Natural Foods, Inc. (NYSE: UNFI) has launched new meal solutions from Cook•Able and Cadence Kitchen to help retailers meet increasing consumer demand for quick, restaurant-quality meals. These offerings are designed to reduce in-store labor and provide convenient options for customers. The fresh meal kits from Cook•Able, priced between $12.99 and $19.99, are easy to prepare in 20-25 minutes, while Cadence Kitchen's frozen meals range from $5.99 to $9.99 and can be ready in under 15 minutes. UNFI services over 30,000 customer locations nationwide.

United Natural Foods (UNFI) has announced its commitment of over $1 million to improve food equity across the U.S. and Canada. This marks the third year of funding aimed at enhancing food access in vulnerable communities. The Southside Community Land Trust received the inaugural Food Equity Project Grant of $100,000 to support local food initiatives. UNFI aims to foster equitable food systems and promote sustainability through partnerships with non-profits focused on healthy food access.

United Natural Foods, Inc. (NYSE: UNFI) has announced enhancements in its produce sourcing model, utilizing new technologies to shorten delivery times by over a day. This initiative aims to provide fresher produce to customers, resulting in sales growth that outpaces industry trends amid inflationary pressures. The company has streamlined procurement by consolidating purchasing and sourcing directly from major Mexican suppliers, improving inventory turnover and reducing shrink. Additionally, UNFI is expanding its Wild Harvest organic produce brand, which has seen strong performance.

United Natural Foods, Inc. (NYSE: UNFI) successfully hosted its annual Conventional Expo in Minneapolis from July 19-21, attracting nearly 2,700 customers and 700 suppliers. The event showcased 270 new products and introduced 250 sustainable items, enhancing retailers' offerings for the holiday season. CEO Sandy Douglas emphasized UNFI's role in aiding retailers' growth through innovative services and exclusive promotions. The expo also included the introduction of the Independent Grocer’s Guidebook, produced with AlixPartners, designed to support grocery growth strategies.