Shares of United Natural Foods Inc. (UNFI) rose 28% on Wednesday, thanks to upbeat fiscal 2019 guidance given at an Investor Day Conference, according to The Motley Fool (TMF). TMF said that UNFI’s management’s focus for the next three years will be to successfully integrate Supervalu, optimize its distribution...
Providence, RI—United Natural Foods, Inc. (UNFI) reported its financial results for the first quarter of fiscal 2019, which ended October 27, 2018. UNFI’s net sales were up 16.7% from last year, and their adjusted EBITDA was up 1.6%,but their net income faced a loss of 163.2%. In the first quarter,...
United Natural Foods Inc. (UNFI) and Supervalu Inc. announced they have entered into a definitive agreement under which UNFI will acquire Supervalu for $32.50 per share in cash, or approximately $2.9 billion, including the assumption of outstanding debt and liabilities. “This transaction accelerates UNFI’s ‘Build out the Store’ growth strategy...
Providence, RI — United Natural Foods, Inc. reported record-setting net sales, and raised its guidance for fiscal 2018 during its second quarter financial results conference call. The organic, natural and specialty food distributor's net sales were $2.53 billion, representing growth of 10.6% or approximately $242 million over the second quarter...
Well, that didn’t take long. “Day One,” of the Amazon acquisition of Whole Foods Market on Aug. 28, 2017, saw significant—and reportedly permanent—price cuts in Whole Foods’ stores on everyday market basket items like milk, eggs and bananas. Plus, the chain cut prices on key fresh proteins, fresh produce, and...
Providence, RI — The Rhode Island Commerce Corp., along with Rhode Island Gov. Gina M. Raimondo, announced that United Natural Foods Inc. (UNFI), a natural foods distributor, will be expanding its production in Rhode Island, which will create job growth of 100 new full-time positions by the end of 2018 with...
