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United Natural Foods Reports Third Quarter Fiscal 2021 Results

United Natural Foods reported financial results for the third quarter of fiscal 2021 (13 weeks) ended May 1, 2021.

Third Quarter Fiscal 2021 Highlights (comparisons to third quarter fiscal 2020)

  • Net sales of $6.62 billion, a decrease of 5.9% (+6.7% on a two-year stack basis)
  • Net income of $49 million, a decrease of approximately $40 million
  • Adjusted EBITDA of $179 million, a decrease of...
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Jun 10 8:31 AM, General News



ANALYSIS: Beef All-Fresh Retail Continues to Climb with Wholesale Gains

We have continued to talk about food price inflation across wholesale levels as many items in the Urner Barry price quotation universe are...

 

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Jun 9 8:24 AM, Urner Barry


ANALYSIS: Pork Ribs Looming Near Historical Highs

Demand on all three fronts; retail, foodservice, and exports combined with labor constraints, diminished slaughter, and limited freezer stocks has supported...

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Apr 29 8:25 AM, Urner Barry


UNFI Launches Innovative E-commerce Solution to Expand Distribution Options for Emerging Suppliers

United Natural Foods announced the launch of Community Marketplace by UNFI, a business-to-business digital e-commerce solution for emerging brands looking to expand distribution with UNFI customers. Community Marketplace modernizes the way brands interact with grocery wholesalers by allowing thousands of emerging products not currently available at UNFI distribution centers to be ordered on UNFI’s Easy Options website and shipped directly to retail customers across the United States.

Through this virtual marketplace, suppliers gain immediate access to UNFI’s digital infrastructure to promote and sell their products to UNFI’s broad customer base. Approved suppliers keep complete control of their inventory, order management, pricing, and shipping charges while attaining trial for...

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Apr 8 8:20 AM, General News


ANALYSIS: Elevated Pork Retail Pricing to Start 2021

Retail demand for pork during COVID has remained heightened compared to years past due to the vast majority of foodservice locations closing or...

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Mar 11 8:28 AM, Urner Barry


PODCAST: UK Beef Chats Episode 7

This week on UK Beef Chats, Mike Nesbitt fills us in on the UK's plan to ease COVID lockdown restrictions, the affect that will have on wholesale trading, and gives us an update on...

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Mar 8 2:22 PM, Urner Barry


UB Consulting: Foodservice in Hindsight and Into the Future

Many predictions made back when the pandemic began became true for the protein industry. From the immediate assumption of a demand shift from foodservice to retail, or the...

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Feb 1 8:24 AM, Urner Barry


United Natural Foods Reports First Quarter Fiscal 2021 Results

United Natural Foods, Inc. reported financial results for the first quarter of fiscal 2021 (13 weeks) ended October 31, 2020.

First Quarter Fiscal 2021 Highlights (comparisons to first quarter fiscal 2020)

  • Net Sales increased 6.0% to $6.67 billion
  • Net loss of $1 million, including $43 million in pre-tax charges and costs
  • Adjusted EBITDA increased...
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Dec 9 9:42 AM, General News


Protein Market Buying Opportunities 

As COVID-19 continues to impact consumer habits across the globe, many protein markets are experiencing unusual or contra-seasonal trends through the holiday season. Highlighted are just a few items that might be catching the eye of wholesale and distribution buyers in early December...

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Dec 8 8:17 AM, Urner Barry


UNFI Commits to Setting Science-Based Targets to Limit Climate Change Impact

United Natural Foods, Inc., one of the largest wholesale grocery distributors in North America, announced that it will lead the way towards a net-zero economy by setting science-based emissions reduction targets covering its own operations and value chain. UNFI expects its targets will align with the goals of the Paris Agreement, to limit global temperature rise to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C for the best chance of avoiding the worst impacts of climate change. UNFI is the first North American wholesale grocery distributor to commit to such a target.

UNFI’s targets–which are expected to be submitted for approval to the Science-Based Targets initiative (SBTi) within the next year–are a core element of...

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Dec 4 8:18 AM, General News


United Natural Foods Reports Record Fourth Quarter and Strong Full Year Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the fourth quarter (13 weeks) and fiscal year (52 weeks) ended August 1, 2020.

Fiscal 2020 Full Year Highlights

(Fiscal 2019 was a 53 week year that included the contribution from an acquisition for 41 weeks)

  • Net sales increased to $26.5 billion
  • Net loss of $(274) million, including $425 million pre-tax goodwill and asset impairment charges recorded in the first quarter of fiscal 2020
  • Adjusted EBITDA increased to $673 million
  • Loss per diluted share (EPS) improved to $(5.10)
  • Adjusted EPS increased to...
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Sep 30 8:23 AM, General News


Rabobank's Poultry Quarterly Q4 2020: The Challenge of Balancing Volatile Markets 

Moving through Q4 2020 and into 2021, the global poultry industry will operate in a volatile market context, with pressure coming from foodservice and wholesale markets. Possible new waves of Covid-19 will add to the market ups and downs, and the impact of a deep economic crisis will make markets more price-driven.

“Over the whole year, we expect a slight increase in global poultry production, mostly as a result of poultry expansion in China and Vietnam, where African swine fever has reduced pork availability, and also from expansion in the US. The rest of the world will be...

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Sep 29 8:23 AM, General News


Premium Brands Announces Acquisition of Global Gourmet Foods and Allseas Fisheries 

Premium Brands Holdings Corporation, a leading producer, marketer and distributor of branded specialty food products, announced that it has acquired Global Gourmet Foods Inc. and signed an agreement to acquire Allseas Fisheries Inc.

Global Gourmet is one of Canada’s leading providers of ready-to-eat kettle cooked food solutions, including protein-based fillings, specialty sauces, soup bases and side dishes, to retailers and restaurants in Canada and...

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Sep 1 8:53 AM, General News


ANALYSIS: Taking a Look At the Spread Between Ribeyes and Strip Loins 

Typically, ribs and loins follow the same sort of trend, and are largely sought after in the foodservice sector. This year, with the pandemic, there has been...

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Aug 25 8:20 AM, Urner Barry




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