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United Natural Foods Reports Third Quarter Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the third quarter of fiscal 2020 (13 weeks) ended May 2, 2020.

Third Quarter Fiscal 2020 Highlights

  • Net Sales increased 12% to $6.67 billion compared to $5.96 billion in last year's fiscal third quarter
  • Net income increased 54% to $88 million; Adjusted EBITDA increased 32% to $222 million
  • Earnings per diluted share (EPS) of $1.60; Adjusted EPS increased 130% to $1.40
  • Net debt reduced by $302 million compared to the second quarter of fiscal 2020
  • Updates fiscal 2020 guidance, which includes the impact of Retail included...
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Jun 10 9:24 AM, General News



United Natural Foods Provides COVID-19 Business Update

United Natural Foods, Inc. provided the following business update related to the COVID-19 pandemic, including announcing preliminary third quarter fiscal 2020 results and actions it is taking to protect and support its associates who are continuing to provide North America with essential services during this time of emergency.

"I am incredibly proud of the entire UNFI team, especially our front line distribution center, transportation and retail associates, who have been working diligently to fulfill UNFI's role as a critical link in the North American food supply chain during this unprecedented time. The safety of our team has always been and will continue to...

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May 14 8:15 AM, General News


UNFI Names Jim Gehr Chief Supply Chain Officer

United Natural Foods, Inc. announced that it has named Jim Gehr as its new Chief Supply Chain Officer effective Monday, May 4. In this role, Gehr will lead an organization of over 12,000 associates working across four regions and 59 distribution centers, delivering 1.3 billion cases annually to UNFI's more than 30,000 customers. He will immediately focus on UNFI's warehouse logistics while further advancing UNFI's automation investments, distribution center expansions and network optimization. Gehr will report to Eric Dorne, UNFI's Chief Operating Officer.

"Jim is a highly-regarded supply chain executive who brings operational excellence experience to UNFI along with a proven track record of building and motivating teams," said Dorne. "He has a history of creating and growing business opportunities, establishing sustainable processes, and developing...

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May 4 8:13 AM, General News


United Natural Foods Reports Second Quarter Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the second quarter of fiscal 2020 (13 weeks) ended February 1, 2020.

Second Quarter Fiscal 2020 Highlights

  • Net Sales of $6.14 billion compared to $6.15 billion in last year's fiscal second quarter
  • Total outstanding net debt reduced by $149 million compared to the first quarter of fiscal 2020
  • Gross margin rate increased compared to last year's fiscal second quarter
  • Second quarter GAAP and adjusted results include charges of $0.44 per diluted share associated with three customer bankruptcies
  • Update to...
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Mar 12 8:30 AM, General News


UNFI Announces 2019 Report on Social and Environmental Responsibility

United Natural Foods, Inc. released its 2019 Corporate Social Responsibility Report. The report, now in its ninth annual edition, reflects a comprehensive summary of the Company's progress on its social and environmental commitments.

"UNFI has a long tradition of doing the right thing – giving back and operating our business in a way that minimizes our environmental footprint. As we grow, we remain committed to being good stewards of our planet, our communities, and our people," said Steven L. Spinner, UNFI Chairman and Chief Executive Officer. "We are particularly concerned about the effects of climate change and are actively working to...

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Jan 31 9:35 AM, General News


United Natural Foods Reports First Quarter Fiscal 2020 Results

United Natural Foods reported financial results for the first quarter of fiscal 2020 (13 weeks) ended November 2, 2019.

First Quarter Fiscal 2020 Highlights

  • Net Sales Increased to $6.0 billion, including an incremental $3.1 billion from SUPERVALU
  • Re-affirms guidance for full year net sales, Adjusted EPS, and Adjusted EBITDA
  • Balance sheet reflects addition of approximately $1 billion in operating lease assets and liabilities as UNFI adopts...
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Dec 11 9:12 AM, General News


United Natural Foods, Inc. Reports Fourth Quarter Fiscal 2019 Results

United Natural Foods, Inc. today reported financial results for the fourth quarter and fiscal year ended August 3, 2019.

Highlights

  • Fourth Quarter Net Sales Increased to $6.41 billion, or 2.8% when excluding the contribution from SUPERVALU and the additional week in the quarter compared to last year's fourth quarter
  • Fourth Quarter Net income of $18.9 million
  • Fourth Quarter Earnings Per Diluted Share (EPS) of $0.36; Adjusted EPS of $0.44
  • Net outstanding debt decreased by $166 million since the end of the third quarter and...
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Oct 2 8:18 AM, General News


UNFI Announces Management Changes

United Natural Foods, Inc. today announced changes to its senior management team. Mike Zechmeister will resign his position as Chief Financial Officer, effective August 23, 2019, to pursue an opportunity outside the Company. John W. Howard has been appointed Interim Chief Financial Officer while the Company begins an internal and external search for Mr. Zechmeister's permanent replacement. Mr. Howard joined UNFI in July as Senior Vice President, Finance and Accounting.

Steven L. Spinner, UNFI's Chairman and Chief Executive Officer said, "I thank Mike for his contributions to UNFI over the past four years of significant growth and change. In the near term, we're fortunate to have John's experience and financial acumen available to...

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Aug 13 9:07 AM, General News




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