United Natural Foods

United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products. The firm operates through the following segments: Wholesale and Retail. The Wholesale segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada. The Retail segment derives revenues from the sale of groceries and other products at retail locations operated by company. It offers food and non food, frozen, perishables, bulk, body care products, and supplements. The company was founded by Michael S. Funk and Norman A. Cloutier in July 1976 and is headquartered in Providence, RI.

Earnings data Q2 2021

Earnings data Q3 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

UNFI reports Q3 growth but faces market challenges and opportunities

UNFI's Q3 performance saw growth in net sales but a decline in adjusted EBITDA, impacted by weaker sales and margins. The company is addressing profitability weaknesses and remains confident in its longer-term outlook. Challenges include market tightening, down-trading, and shrink degradation, while opportunities lie in strategic updates and commercial contract reviews.

UNFI reports revenue growth but adjusts profit outlook amid challenges

UNFI's Q2 saw revenue growth but lower profitability, prompting adjustments in outlook and targets. The company is focused on a transformation plan to enhance operations and customer value. Challenges in reacting to inflation and varying customer performance are being addressed through technology investments.

UNFI reports below-expectation Q3 results, focuses on profitability improvement

UNFI's Q3 performance reflects challenges from the supply chain crisis and changing consumer behavior, impacting profitability.
Efforts to address weaknesses include cost-cutting measures, SKU rationalization, and contract renegotiations for cost savings.
Despite challenges, UNFI remains focused on sustainable transformation, debt reduction, and long-term profitability improvement.
Revised outlook maintains sales expectations but lowers adjusted EBITDA and EPS midpoints, with a positive long-term outlook.

UNFI meets Q4 expectations, eyes transformation and growth in 2024

UNFI is on track with its transformation plan, capturing operational benefits.
Despite challenges in the food industry, the company is focused on growth and efficiency.
Fiscal 2024 is expected to be pivotal for profitability reset and transformation acceleration.
Strategic initiatives like board refreshment and capital allocation aim to drive value.

UNFI surpasses Q1 expectations, focuses on transformation for growth

UNFI's Q1 performance exceeded expectations, with a focus on operational improvements and transformation initiatives to drive value creation and efficiency.
While facing challenges from inflation and financial pressures, the company remains committed to executing its strategy and enhancing competitiveness.
Opportunities lie in managing inflation, driving growth, and leveraging transformation efforts to navigate industry dynamics and create value for stakeholders.
CEO's confidence in the transformation plan underscores UNFI's commitment to sustainable growth and value creation for customers, suppliers, and shareholders.

UNFI surpasses Q2 expectations, focuses on efficiency amid industry challenges

UNFI's Q2 performance reflects resilience and strategic focus on efficiency and profitability amidst industry challenges.
The company's emphasis on reducing costs, improving supply chain processes, and automation underscores a commitment to sustainable growth.
Despite margin pressure and inflation challenges, UNFI remains confident in its multiyear improvement plan and value creation for stakeholders.

UNFI meets Q3 targets, focuses on growth strategies and cost efficiency

UNFI's Q3 performance met fiscal 2024 targets, with a focus on strengthening the foundation and enhancing financial metrics.
Challenges include flat sales, retail segment pressure, and declining adjusted EBITDA, offset by cost reductions and strategic initiatives.
Opportunities lie in the new strategic plan, automation for efficiency, and ongoing cost reduction efforts to drive future growth.
Revised outlook maintains sales, raises EBITDA and EPS ranges, emphasizing a commitment to financial improvement and operational efficiency.

UNFI reports strong Q4 results, focuses on growth strategies

UNFI's strong Q4 performance reflects strategic focus on growth areas
Challenges include flat revenue and pressure on Retail sales
Opportunities lie in optimizing operations and expanding product segments
Company aims for EBITDA growth, debt reduction, and margin expansion

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United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products. It offers food and non-food, frozen, perishables, bulk, body care products, and supplements. It operates through the following segments: Wholesale, Retail, and Other. The Wholesale segment refers to the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada. The Retail segment derives revenues from the sale of groceries and other products at retail locations operated by company. The company was founded by Michael S. Funk and Norman A. Cloutier in July 1976 and is headquartered in Providence, RI.

United Natural Foods Inc.'s stock shed early gains to trade flat early Wednesday, after the grocery retailer's fiscal second-quarter sales fell short of estimates and it lowered its full-year guidance.

United Natural Foods lowers guidance after sales fall short of estimates

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced that Giorgio “Matteo” Tarditi has been named President and Chief Financial Officer (CFO), effective April 15. He succeeds John W. Howard, UNFI's current Chief Financial Officer, who will leave the Company following a transition period. Sandy Douglas, CEO and President of UNFI, said: “Matteo is a proven executive who, over the course of his more than 26 years at GE, served as CFO.

United Natural Foods Names Giorgio Matteo Tarditi President and Chief Financial Officer

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today reported financial results for the second quarter of fiscal 2024 (13 weeks) ended January 27, 2024. Second Quarter Fiscal 2024 Performance (comparisons to second quarter fiscal 2023) Net sales decreased 0.5% to $7.8 billion Net loss of $15 million; Loss per diluted share (EPS) of $(0.25) Adjusted EBITDA decreased 29.3% to $128 million Adjusted EPS decreased to $0.07 Recent Financial and Op.

United Natural Foods, Inc. Reports Second Quarter Fiscal 2024 Results

United Natural's (UNFI) second-quarter performance is likely to reflect weakness in the Retail business. Nevertheless, focus on transformation efforts is likely to offer respite.

Things to Note Before United Natural's (UNFI) Q2 Earnings

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) successfully wrapped up its second Spring & Summer Show of the year in Orlando, FL this week. Over the two-day event, the Company hosted more than 3,300 customers from UNFI's U.S. East and Central regions. They connected with UNFI's extensive community of suppliers from across North America, who were offering a wide range of conventional, fresh, natural, and organic products as well as retai.

United Natural Foods Showcases Compelling Solutions to Help Grocery Retail Customers Thrive in Competitive Market

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its fiscal 2024 second quarter, ended January 27, 2024, the morning of Wednesday, March 6, 2024. Management will host a conference call that morning at 8:30 a.m. ET to discuss results. To access the conference call, please dial (888) 660 - 6768 (U.S. toll-free) and reference conference ID number 1099581. An audio webcast of the conference call, and materials that will be referenced duri.

United Natural Foods to Release Fiscal 2024 Second Quarter Results on March 6, 2024

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PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) concluded its first comprehensive product and solution regional selling show, reinforcing the Company's customer and supplier-focused strategy. The show featured the Company's complete range of natural, conventional, fresh, and organic products and total store solutions, all focused on supporting UNFI's western region customers. The two-day event brought together more than 5,500 attendees, repre.

United Natural Foods Successfully Concludes First Full-Assortment Selling Show in San Diego

United Natural Foods (UNFI) gears up for a transformative leap with AI, enhancing efficiency and customer experience. This aligns with its ambitious growth and profitability goals for fiscal 2024.

United Natural Foods (UNFI) Implements AI, Automates Warehouse

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced plans to implement an A.I.-powered robotic automation system in its soon-to-be-completed distribution center (DC), in Manchester, PA. This advanced system, manufactured by Symbotic, is the second installation for UNFI and part of the Company's commitment to further enhance the effectiveness and efficiency of its distribution center network. Once installed, UNFI expects the system.

United Natural Foods Expands Supply Chain Evolution with Implementation of A.I.-Powered Warehouse Automation System in its New Manchester Distribution Center

United Natural (UNFI) demonstrates strategic growth through network optimization, e-commerce expansion and value creation initiatives despite a modest decline in retail sales.

United Natural (UNFI) Gains on Network Optimization, Automation

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today released its updated selling show schedule for 2024. As part of UNFI's mission to help customers and suppliers win in the marketplace, all UNFI selling shows will now showcase the full spectrum of products and services that better aligns with customer buying behavior, instead of focusing shows exclusively on natural and organic or conventional products. These new shows will support both th.

United Natural Foods Releases Updated Selling Show 2024 Schedule

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today released its 13th annual Better for All Report detailing UNFI's progress on its social, environmental, and governance objectives during the Company's 2023 fiscal year, ended July 29, 2023. The report demonstrates the success of the Company's enhanced focus on its most pressing impact areas – safety, well-being, waste, climate, sourcing, and community. It underscores that UNFI's initiatives.

United Natural Foods Releases Better for All Environmental, Social, and Governance Report for Fiscal Year 2023

United Natural (UNFI) is strategically focusing on operational enhancements and efficiency to boost profitability despite retail sector challenges and a changing economic landscape.

United Natural (UNFI) Poised on Transformation Initiatives

United Natural's (UNFI) first-quarter fiscal 2024 results reflect loss due to reduced inflationary benefits. Net sales increase from the year-ago quarter's level.

United Natural (UNFI) Reports Q1 Loss, Lags Sales Estimate

United Natural Foods, Inc. (NYSE:UNFI ) Q1 2024 Earnings Conference Call December 6, 2023 8:30 AM ET Company Participants Steve Bloomquist - Vice President, Investor Relations Sandy Douglas - Chief Executive Officer John Howard - Chief Financial Officer Conference Call Participants Andrew Wolf - CL King John Heinbockel - Guggenheim Leah Jordan - Goldman Sachs Scott Mushkin - R5 Capital Kelly Bania - BMO Capital Markets William Kirk - ROTH Capital Partners Chuck Cerankosky - Northcoast Research Operator Hello and welcome to the UNFI First Quarter Fiscal 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.

United Natural Foods, Inc. (UNFI) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for United Natural (UNFI) give a sense of how its business performed in the quarter ended October 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

United Natural (UNFI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

United Natural Foods (NASDAQ:UNFI), the main supplier to Whole Foods Market, has reported a smaller-than-expected first-quarter loss on sales that fell short of expectations. The Providence, Rhode Island-based wholesale foods distributor also guided for a bigger full-year net loss, sending its share lower in early Wednesday morning trading.

Whole Foods supplier United Natural Foods narrows 1Q loss but sales miss the mark

United Natural Foods Inc.'s stock UNFI, +0.68% was moving between gains and losses early Wednesday, after the grocery wholesaler posted a narrower-than-expected fiscal first-quarter adjusted loss, but sales that fell short of estimates. The company had a net loss of $39 million, or 67 cents a share, for the quarter to Oct. 28, after income of $66 million, or $1.07 a share, in the year-earlier period.

United Natural Foods Q1 loss is narrower than expected but sales fall slightly short

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today reported financial results for the first quarter of fiscal 2024 (13 weeks) ended October 28, 2023. First Quarter Fiscal 2024 Performance (comparisons to first quarter fiscal 2023) Net sales increased 0.3% to $7.6 billion Net loss of $39 million; Loss per diluted share (EPS) of $(0.67) Adjusted EBITDA decreased 43.5% to $117 million Adjusted EPS decreased to $(0.04) Recent Financial and Ope.

United Natural Foods, Inc. Reports First Quarter Fiscal 2024 Results

United Natural's (UNFI) Q1 performance will likely reflect retail footprint pressure stemming from tightening consumer demand, lower government support programs and stiff price competition.

United Natural (UNFI) Queued for Q1 Earnings: Things to Note

United Natural (UNFI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: United Natural Foods (UNFI) Q1 Earnings Expected to Decline

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its fiscal 2024 first quarter, ended October 28, 2023, the morning of Wednesday, December 6, 2023. Management will host a conference call that morning at 8:30 a.m. ET to discuss results. To access the conference call, please dial (888) 660 - 6768 (U.S. toll-free) and reference conference ID number 1099581. An audio webcast of the conference call, and materials that will be referenced du.

United Natural Foods to Release Fiscal 2024 First Quarter Results on December 6, 2023

United Natural (UNFI) is benefiting from its e-commerce strength thanks to its increased digital solutions. However, the company continues to battle softness in the Retail business.

E-commerce Efforts Aid United Natural (UNFI), Retail Unit Hurts

PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced the appointment of Andre Persaud as President and Chief Executive Officer of Retail, effective November 6, 2023. Persaud will lead the Company's two retail banners, CUB (located primarily in Minnesota) and Shoppers Food Warehouse (located primarily in Washington D.C. and Maryland). He will serve on UNFI's senior leadership team and report to Sandy Douglas, UNFI's Chief Executive.

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