United Natural Foods Stock Price, News & Analysis

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.

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.