United Natural Foods Stock Price, News & Analysis

United Natural Foods, Inc. (NYSE: UNFI) has announced a new leadership structure aimed at driving growth across four key platforms: Services, Wholesale, Retail, and Corporate and Business Transformation. CEO Sandy Douglas emphasized a focus on sustainable, profitable growth with a $140 billion addressable market. Chris Testa will lead the Services platform, while Steve Dietz will focus on Wholesale growth. This restructuring aligns with the company's 'Fuel the Future' strategy, which is now entering its second year, expecting to enhance capital allocation flexibility and shareholder value.

United Natural Foods (UNFI) reported Q3 fiscal 2022 results, showcasing a 9.2% increase in net sales to $7.2 billion and a 39.6% rise in net income to $67 million. Earnings per share (EPS) hit $1.10, marking a 37.5% growth. Adjusted EBITDA rose 5.9% to $196 million. The company updates its full-year outlook, projecting net sales between $28.8 and $29.1 billion. UNFI also refinanced its credit facility, adding $500 million to bolster liquidity. CEO Sandy Douglas emphasized the effectiveness of their strategic initiatives amid market challenges.

United Natural Foods (NYSE: UNFI) has announced its commitment to reducing emissions across its operations and value chain. The targets, validated by the Science-Based Targets initiative, aim for a 38% reduction in heavy freight GHG emissions and a 50% reduction in scope 1 and 2 emissions by 2030, using fiscal 2020 as a base year. Additionally, UNFI plans to cut scope 3 emissions from purchased goods and services by 25%. This initiative is part of their broader ESG agenda, titled Better for All.

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.