iHub News
3週前
United Natural Foods Shares Drop After Revenue Miss and Softer Outlook Disappoint Investors (UNFI)June 9, 2026 8:44 AM
IH Market News United Natural Foods Inc. (NYSE:UNFI) saw its shares fall more than 11% in premarket trading on Tuesday after reporting quarterly revenue below analyst expectations and issuing full-year guidance that came in slightly under Wall Street forecasts, despite delivering earnings in line with consensus estimates. For the 13-week period ended May 2, the grocery distributor generated revenue of $7.72 billion, a decline of 4.2% from the prior year and below analyst expectations of $7.80 billion. Adjusted earnings per share were $0.77, matching the consensus forecast. The company’s revised outlook for fiscal 2026 also failed to impress investors. United Natural Foods projected full-year earnings per share of between $2.40 and $2.60, compared with analyst expectations of $2.58. Revenue is expected to range from $31.10 billion to $31.30 billion, slightly below the consensus estimate of $31.31 billion. According to the company, the decline in sales was largely attributable to weaker performance in its Conventional and Retail divisions. Revenue in the Conventional segment fell 13.6% to $3.14 billion, while Retail sales declined 10.1% to $515 million. These decreases were partially offset by 4.4% growth in the Natural segment, which generated revenue of $4.34 billion. Management noted that approximately 450 basis points of the overall sales decline resulted from strategic network optimisation initiatives, including the closure of its distribution centre in Allentown, Pennsylvania. Profitability improved despite lower sales. Gross profit margin expanded to 13.6% of net sales from 13.4% a year earlier. Operating expenses decreased to $954 million, representing 12.4% of net sales, compared with $1.03 billion, or 12.7% of sales, in the prior-year period. The improvement was supported by insurance proceeds and ongoing cost-reduction measures. Adjusted EBITDA increased 16.6% to $183 million from $157 million a year earlier. The company also returned to profitability, reporting net income of $33 million compared with a net loss of $7 million in the same quarter last year. Free cash flow declined significantly, falling 54.6% to $54 million from $119 million a year ago. Net cash generated from operating activities decreased to $98 million from $173 million, primarily due to higher working capital requirements. Despite the weaker quarterly performance, the company maintained its full-year free cash flow target of approximately $330 million. United Natural Foods continued to strengthen its balance sheet during the quarter. Net debt was reduced to $1.63 billion from $1.93 billion a year earlier, lowering the company’s net leverage ratio to 2.5 times. The company also repurchased 82,233 shares during the quarter at an average price of $48.64 per share. Original: United Natural Foods Shares Drop After Revenue Miss and Softer Outlook Disappoint Investors (UNFI)
US Market News
4週前
United Natural Foods to Participate at the Oppenheimer 26th Annual Consumer Growth & E-Commerce ConferenceJune 4, 2026 4:15 PM
Business Wire United Natural Foods, Inc. (NYSE: UNFI) will participate in the Oppenheimer 26th Annual Consumer Growth & E-Commerce Conference. Chief Executive Officer, Sandy Douglas, will be part of a fireside chat beginning at 8:15 am Eastern Time on June 10, 2026. A link to the live audio webcast will be available on the investor relations section of the Company’s website at www.unfi.com via the “Events” link. About United Natural Foods, Inc. UNFI is North America's premier grocery wholesaler delivering the widest variety of fresh, branded, and owned brand products to more than 30,000 locations throughout North America, including natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and food service customers. UNFI also provides a broad range of value-added services and segmented marketing expertise, including proprietary technology, data, market insights, and shelf management to help customers and suppliers build their businesses and brands. As the largest full-service grocery partner in North America, UNFI is committed to building a food system that is better for all and is uniquely positioned to deliver great food, more choices, and fresh thinking to customers. To learn more about how UNFI is delivering value for its stakeholders, visit www.unfi.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604599755/en/ INVESTOR CONTACTS Kristyn Farahmand
Chief Strategy Officer
612-439-6625 kristyn.farahmand@unfi.com Steve Bloomquist
Vice President, Investor Relations
952-828-4144 sbloomquist@unfi.com Original: United Natural Foods to Participate at the Oppenheimer 26th Annual Consumer Growth & E-Commerce Conference
US Market News
2月前
United Natural Foods to Release Fiscal 2026 Third Quarter Results on June 9, 2026May 11, 2026 7:30 AM
Business Wire United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its 13-week fiscal 2026 third quarter, ended May 2, 2026, the morning of Tuesday, June 9, 2026. Management will host a conference call that morning at 8:30 a.m. ET to discuss results. To access the conference call, please dial (800) 715 - 9871 (U.S. toll-free) and reference conference ID number 5462932. An audio webcast of the conference call, and materials that will be referenced during the call, will be available via the Investors section of the Company's website www.unfi.com. An online archive of the webcast will be available for 120 days. About United Natural Foods, Inc. UNFI is North America's premier grocery wholesaler delivering the widest variety of fresh, branded, and owned brand products to more than 30,000 locations throughout North America, including natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and food service customers. UNFI also provides a broad range of value-added services and segmented marketing expertise, including proprietary technology, data, market insights, and shelf management to help customers and suppliers build their businesses and brands. As the largest full-service grocery partner in North America, UNFI is committed to building a food system that is better for all and is uniquely positioned to deliver great food, more choices, and fresh thinking to customers. To learn more about how UNFI is delivering value for its stakeholders, visit www.unfi.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260511052877/en/ Investor Contacts
Kristyn Farahmand
612-439-6625
kristyn.farahmand @andrade-4144
steve.j.bloomquist@unfi.com Media Contact
Kristen Jimenez
404-906-8425
kristen.jimenez@unfi.com Original: United Natural Foods to Release Fiscal 2026 Third Quarter Results on June 9, 2026
iHub News
4月前
United Natural Foods tops earnings estimates while revenue misses expectationsMarch 10, 2026 8:50 AM
IH Market News
United Natural Foods Inc. (NYSE:UNFI) reported fiscal second-quarter 2026 results that exceeded profit forecasts but came in below analyst expectations on revenue.Shares of the grocery wholesaler rose 0.41% in pre-market trading following the announcement.The company posted adjusted earnings per share of $0.62, surpassing the analyst consensus estimate of $0.51 by $0.11. Revenue, however, declined 2.6% year over year to $7.95 billion, missing the $8.11 billion forecast and down from $8.16 billion in the same quarter last year.UNFI said the revenue decline included an impact of nearly 500 basis points related to optimization initiatives, largely tied to the planned transition away from its distribution center in Allentown, Pennsylvania.Adjusted EBITDA increased 23.4% to $179 million, up from $145 million in the year-ago period. Net income reached $20 million, or $0.31 per diluted share, compared with a net loss of $3 million, or -$0.05 per diluted share, in the second quarter of fiscal 2025.“In the second quarter, disciplined execution of our value creation strategy delivered growth in profitability and free cash flow ahead of our projections, which enabled us to further strengthen our balance sheet and increase our financial flexibility,” said Sandy Douglas, UNFI’s CEO.The company also raised its full-year fiscal 2026 earnings outlook, now expecting adjusted EPS between $2.30 and $2.70. The midpoint of $2.50 is above the analyst consensus estimate of $2.18. However, UNFI reduced its revenue guidance to a range of $31.0 billion to $31.4 billion, with the midpoint of $31.2 billion below the consensus forecast of $31.93 billion.Free cash flow for the quarter totaled $243 million, representing a 25.9% increase from $193 million in the same period last year. The company’s net leverage ratio improved to 2.7x, the lowest level since fiscal 2023. During the quarter, UNFI repurchased nearly 750,000 shares for approximately $25 million.
Original: United Natural Foods tops earnings estimates while revenue misses expectations
US Market News
4月前
United Natural Foods to Participate at the UBS Global Consumer and Retail ConferenceMarch 9, 2026 4:10 PM
Business Wire
United Natural Foods, Inc. (NYSE: UNFI) will participate in this year’s UBS Global Consumer and Retail Conference. President and Chief Financial Officer, Matteo Tarditi, will be part of a fireside chat beginning at 8:00 am Eastern Time on March 12, 2026.
A link to the live audio webcast will be available on the investor relations section of the Company’s website at www.unfi.com via the “Events” link.
About United Natural Foods, Inc.
UNFI is North America's premier grocery wholesaler delivering the widest variety of fresh, branded, and owned brand products to more than 30,000 locations throughout North America, including natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and food service customers. UNFI also provides a broad range of value-added services and segmented marketing expertise, including proprietary technology, data, market insights, and shelf management to help customers and suppliers build their businesses and brands. As the largest full-service grocery partner in North America, UNFI is committed to building a food system that is better for all and is uniquely positioned to deliver great food, more choices, and fresh thinking to customers. To learn more about how UNFI is delivering value for its stakeholders, visit www.unfi.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260309585160/en/
INVESTOR CONTACTS
Kristyn Farahmand
Chief Strategy Officer
612-439-6625 kristyn.farahmand@unfi.com
Steve Bloomquist
Vice President, Investor Relations
952-828-4144 sbloomquist@unfi.com
Original: United Natural Foods to Participate at the UBS Global Consumer and Retail Conference
US Market News
5月前
United Natural Foods to Release Fiscal 2026 Second Quarter Results on March 10, 2026February 13, 2026 7:00 AM
Business Wire
United Natural Foods, Inc. (NYSE: UNFI) will release financial results for its 13-week fiscal 2026 second quarter, ended January 31, 2026, the morning of Tuesday, March 10, 2026. Management will host a conference call that morning at 8:30 a.m. ET to discuss results.
To access the conference call, please dial (800) 715 - 9871 (U.S. toll-free) and reference conference ID number 5462932. An audio webcast of the conference call, and materials that will be referenced during the call, will be available via the Investors section of the Company's website www.unfi.com. An online archive of the webcast will be available for 120 days.
About United Natural Foods, Inc.
UNFI is North America's premier grocery wholesaler delivering the widest variety of fresh, branded, and owned brand products to more than 30,000 locations throughout North America, including natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and food service customers. UNFI also provides a broad range of value-added services and segmented marketing expertise, including proprietary technology, data, market insights, and shelf management to help customers and suppliers build their businesses and brands. As the largest full-service grocery partner in North America, UNFI is committed to building a food system that is better for all and is uniquely positioned to deliver great food, more choices, and fresh thinking to customers. To learn more about how UNFI is delivering value for its stakeholders, visit www.unfi.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260213946297/en/
Investor Contacts
Kristyn Farahmand
612-439-6625
kristyn.farahmand@unfi.com
- or -
Steve Bloomquist
952-828-4144
steve.j.bloomquist@unfi.com
Media Contact
Kristen Jimenez
404-906-8425
kristen.jimenez@unfi.com
Original: United Natural Foods to Release Fiscal 2026 Second Quarter Results on March 10, 2026
SevenTenEleven
14年前
UNFI - United Natural Foods to Release Fiscal 2012 Third Quarter Results on June 5, 2012
United Natural Foods, Inc. (MM) (NASDAQ:UNFI)
Today : Thursday 17 May 2012
United Natural Foods, Inc., (the "Company") (Nasdaq: UNFI) announced today that it intends to release its financial results for the third quarter of fiscal 2012, ended April 28, 2012, before the market opens on Tuesday, June 5, 2012. Management will conduct a conference call and audio webcast at 10:00 a.m. ET on June 5, 2012 to review the Company's quarterly results, market trends and future outlook.
The conference call dial-in number is 480-629-9645. An audio webcast of the conference call will be available to the public, on a listen-only basis, via the internet at www.earnings.com or at the Investors section of the Company's website at www.unfi.com. Please allow extra time, prior to the call, to visit the site and download the necessary software to listen to the Internet broadcast. An online archive of the webcast will be available for 30 days.
About United Natural Foods
United Natural Foods, Inc. (http://www.unfi.com) carries and distributes more than 60,000 products to more than 23,000 customer locations throughout the United States and Canada. The Company serves a wide variety of retail formats including conventional supermarket chains, natural product superstores, independent retail operators and the food service channel. United Natural Foods, Inc. was ranked by Fortune in 2006 – 2010 and 2012 as one of its "Most Admired Companies," winner of the Supermarket News 2008 Sustainability Excellence Award, and recognized by the Nutrition Business Journal for its 2009 Environment and Sustainability Award.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the Company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties and are based on current expectations and management estimates; actual results may differ materially. The risks and uncertainties which could impact these statements are described in the Company's filings under the Securities Exchange Act of 1934, as amended, including its annual report on Form 10-K filed with the Securities and Exchange Commission on September 28, 2011 and other filings the Company makes with the SEC, and include, but are not limited to, the Company's dependence on principal customers; the Company's sensitivity to general economic conditions, including the current economic environment; changes in disposable income levels and consumer spending trends; the Company's ability to reduce its expenses in amounts sufficient to offset its increased focus on sales to conventional supermarkets and the resulting lower gross margins on these sales; the Company's ability to timely and successfully deploy its new warehouse management system throughout its distribution facilities; increased fuel costs; the Company's sensitivity to inflationary pressures; the relatively low margins and economic sensitivity of the Company's business; the ability to identify and successfully complete acquisitions of other natural, organic and specialty food and related product distributors; and management's allocation of capital and the timing of capital expenditures. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. The Company is not undertaking to update any information in the foregoing reports until the effective date of its future reports required by applicable laws. Any projections of future results of operations are based on a number of assumptions, many of which are outside the Company's control and should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. The Company may from time to time update these publicly announced projections, but it is not obligated to do so.
SOURCE United Natural Foods, Inc.
SevenTenEleven
14年前
UNFI - United Natural Foods Establishes Charitable Foundation to Support Healthy, Sustainable and Organic Food Systems
United Natural Foods, Inc. (MM) (NASDAQ:UNFI)
Today : Monday 14 May 2012
United Natural Foods Establishes Charitable Foundation to Support Healthy, Sustainable and Organic Food Systems
PR Newswire
PROVIDENCE, R.I., May 14, 2012
PROVIDENCE, R.I., May 14, 2012 /PRNewswire/ -- United Natural Foods, Inc. (Nasdaq: UNFI) (the "Company" or "UNFI"), the leading national distributor of natural, organic and specialty foods and related products, today announced the establishment of a charitable foundation committed to supporting healthy, sustainable and organic food systems. UNFI Foundation (the "Foundation") is scheduled to launch on August 1, 2012.
The Foundation will work to fund innovative non-profit programs emphasizing a number of areas including sustainable agriculture and organic farming as well as initiatives designed to increase organic food production and consumption. The Foundation will also seek to fund educational programs to enhance awareness of the benefits of healthy food choices.
Melody Meyer, Vice-President of Global Initiatives for UNFI's subsidiary Albert's Organics, has been named Executive Director of the Foundation and will serve on its Board of Directors along with Steven Spinner, UNFI's President and Chief Executive Officer, Michael Funk, UNFI's Chairman of the Board, Thomas Dziki, UNFI's Senior Vice President, Chief Human Resource and Sustainability Officer, and Lisa Madsen, UNFI's Director, Sustainability & Philanthropy, Internal Communications.
UNFI has a long history of philanthropic endeavors including supporting the communities it serves and proactive support of sustainable agriculture and organic farming initiatives, labeling campaigns and nutritional education, including the Organic Trade Association, the Non-GMO Project, Organic Farming Research Foundation, Eco-Farm Conference, Mid-West Organic Sustainable Education Services and Vitamin Angels. "As we launch UNFI Foundation, we look to continue the advancement of socially responsible initiatives that protect the environment and foster stewardship of the land," commented Steven Spinner.
Beginning August 1, 2012, the Foundation will accept mission-specific grant applications from eligible 501(c)(3) organizations based in the United States. The Foundation's Board of Directors will consider each qualified application and expects to begin approving grants later this year. Preliminary information is available at www.unfifoundation.org and application guidelines will be updated later this year.
"The establishment of the Foundation speaks to UNFI's core values," added Melody Meyer. "This initiative provides another wonderful opportunity for UNFI to make a meaningful difference, right at the beginning, where it counts. Everything we do starts at the farm."
For additional information on the Foundation please visit www.unfifoundation.org or contact us at info@unfifoundation.org.
About United Natural Foods
United Natural Foods, Inc. (http://www.unfi.com) carries and distributes more than 60,000 products to more than 23,000 customer locations throughout the United States and Canada. The Company serves a wide variety of retail formats including conventional supermarket chains, natural product superstores, independent retail operators and the food service channel. United Natural Foods, Inc. was ranked by Fortune in 2006 – 2010 and 2012 as one of its "Most Admired Companies," winner of the Supermarket News 2008 Sustainability Excellence Award, and recognized by the Nutrition Business Journal for its 2009 Environment and Sustainability Award.
For more information on United Natural Foods, Inc., visit the Company's website at www.unfi.com.
SOURCE United Natural Foods, Inc.
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