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United Natural Foods Inc (UNFI.OQ)

UNFI.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

United Natural Foods Inc reports first quarter fiscal 2019 results
Friday, 7 Dec 2018 

Dec 6 (Reuters) - United Natural Foods Inc ::UNITED NATURAL FOODS, INC. REPORTS FIRST QUARTER FISCAL 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.59.Q1 EARNINGS PER SHARE ESTIMATE $0.73 -- REFINITIV IBES DATA.Q1 LOSS PER SHARE $0.38.Q1 REVENUE $2.87 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.7 BILLION.SEES 2019 ADJUSTED EPS $1.69 - $1.89.SEES FY19 NET SALES $21.5 BILLION - $22.0 BILLION.SEES FY19 ADJUSTED EBITDA $650 MILLION - $665 MILLION.SEES 2019 LOSS PER SHARE OF $0.19 TO EARNINGS PER SHARE OF $0.01.  Full Article

UNFI Announces Sale Of SUPERVALU's Hornbacher's Stores To Coborn's Inc
Saturday, 1 Dec 2018 

Nov 30 (Reuters) - United Natural Foods Inc ::UNFI ANNOUNCES SALE OF SUPERVALU'S HORNBACHER'S STORES TO COBORN'S INC..UNITED NATURAL FOODS INC - COBORN'S PLANS TO RETAIN HORNBACHER'S NAME.UNITED NATURAL FOODS INC - COBORN'S WILL ENTER INTO A LONG-TERM AGREEMENT FOR SUPERVALU TO SERVE AS PRIMARY SUPPLIER OF HORNBACHER'S LOCATIONS.UNITED NATURAL FOODS INC - SUPERVALU WILL ENTER INTO AN EXPANDED SUPPLY RELATIONSHIP WITH COBORN'S.UNITED NATURAL FOODS INC - BOTH OF SUPPLY AGREEMENTS WILL INCLUDE MINIMUM PURCHASE REQUIREMENTS..UNITED NATURAL FOODS - CO'S UNIT SUPERVALU HAS ENTERED AGREEMENT WHEREBY COBORN'S WILL ACQUIRE 7 HORNBACHER'S LOCATIONS.UNITED NATURAL FOODS - HORNBACHER'S STORE IN GRAND FORKS, N.D. IS NOT INCLUDED IN SALE TO COBORN'S AND WILL CLOSE.  Full Article

United Natural Foods Says Actions Associated With Retail Divestitures And Adjustments Expected To Result In Headcount Reductions, Other Costs And Charges
Friday, 2 Nov 2018 

Nov 1 (Reuters) - United Natural Foods Inc ::UNITED NATURAL FOODS - ACTIONS ASSOCIATED WITH RETAIL DIVESTITURES AND ADJUSTMENTS EXPECTED TO RESULT IN HEADCOUNT REDUCTIONS, OTHER COSTS AND CHARGES.UNITED NATURAL FOODS INC - EXPECTS ACTIONS TO RESULT IN COSTS AND CHARGES WHICH MAY BE MATERIAL, INCLUDING SEVERANCE AND RELATED COSTS.  Full Article

United Natural Foods & Units Enters Into First Amendment To Loan Agreement Dated As Of Aug 30, 2018
Friday, 26 Oct 2018 

Oct 25 (Reuters) - United Natural Foods Inc ::UNITED NATURAL FOODS - ON OCT 19, CO & UNITS ENTERED INTO FIRST AMENDMENT TO LOAN AGREEMENT DATED AS OF AUG 30, 2018 - SEC FILING.UNITED NATURAL FOODS - AMENDMENT PROVIDES FOR AN INCREASE IN AGGREGATE AMOUNT OF COMMITMENTS UNDER ABL LOAN AGREEMENT FROM $2,000 MILLION TO $2,100 MILLION.UNITED NATURAL FOODS - ON OCT 22 ENTERED INTO TERM LOAN AGREEMENT WHICH PROVIDES FOR SENIOR SECURED FIRST LIEN TERM LOANS OF $1.95 BILLION.UNITED NATURAL FOODS - TERM LOAN AGREEMENT CONSISTS OF $1.8 BILLION TERM LOAN 'B' TRANCHE AND A $150 MILLION 364-DAY TRANCHE.UNITED NATURAL FOODS - ENTIRE AMOUNT OF PROCEEDS FROM TERM FACILITY WERE USED TO FINANCE ACQUISITION WITH SUPERVALU & RELATED TRANSACTION COSTS.UNITED NATURAL FOODS - LOANS UNDER TERM B TRANCHE WILL BE PAYABLE IN FULL ON OCT 22, 2025.  Full Article

United Natural Foods Says If Deal Is Terminated Supervalu To Pay Co About $40.5 Million- SEC Filing
Thursday, 26 Jul 2018 

July 26 (Reuters) - Supervalu Inc ::UNITED NATURAL FOODS - IF DEAL TERMINATED ON SOME REASONS, INCLUDING BY SUPERVALU TO ACCEPT A “SUPERIOR PROPOSAL”, SUPERVALU TO PAY CO ABOUT $40.5 MILLION- SEC FILING.  Full Article

United Natural Foods To Acquire Supervalu In $2.9 Bln deal
Thursday, 26 Jul 2018 

July 26 (Reuters) - Supervalu Inc ::UNFI TO ACQUIRE SUPERVALU IN TRANSFORMATIVE COMBINATION CREATING NORTH AMERICA'S PREMIER FOOD WHOLESALER.SUPERVALU INC - DEAL FOR $32.50 PER SHARE IN CASH.SUPERVALU INC - DEAL FOR APPROXIMATELY $2.9 BILLION, INCLUDING ASSUMPTION OF OUTSTANDING DEBT AND LIABILITIES.SUPERVALU - UNFI EXPECTS TO FINANCE TRANSACTION SUBSTANTIALLY WITH DEBT AND GOLDMAN SACHS PROVIDED COMMITTED FINANCING IN TRANSACTION..SUPERVALU INC - TRANSACTION EXPECTED TO GENERATE MORE THAN $175 MILLION IN SYNERGIES.SUPERVALU INC - UNFI CHIEF EXECUTIVE OFFICER AND CHAIRMAN STEVEN SPINNER WILL LEAD COMBINED ENTITY.SUPERVALU INC - SEAN GRIFFIN, UNFI CHIEF OPERATING OFFICER, WILL LEAD SUPERVALU INTEGRATION EFFORTS, POST DEAL CLOSE.SUPERVALU INC - OVER TIME, UNFI PLANS TO DIVEST SUPERVALU RETAIL ASSETS.SUPERVALU - TRANSACTION IS PROJECTED TO BE ACCRETIVE TO ADJUSTED EPS IN YEAR 1 WITH DOUBLE-DIGIT ADJUSTED EPS GROWTH AFTER YEAR 1, EXCLUDING ONE-TIME COSTS.SUPERVALU INC - TRANSACTION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.  Full Article

United Natural Foods Says COO Will Retire On Oct 1
Tuesday, 15 May 2018 

May 14 (Reuters) - United Natural Foods Inc ::UNITED NATURAL FOODS, INC. ANNOUNCES ORGANIZATIONAL CHANGES.UNITED NATURAL FOODS-SEAN GRIFFIN, CHIEF OPERATING OFFICER, WILL TRANSITION FROM HIS CURRENT ROLE ON AUGUST 1, 2018 AND RETIRE FROM COMPANY ON OCT 1.  Full Article

United Natural Foods Says Q1 Earnings Per Share $0.60
Friday, 8 Dec 2017 

Dec 7 (Reuters) - United Natural Foods Inc ::UNITED NATURAL FOODS, INC. ANNOUNCES FIRST QUARTER FISCAL 2018 RESULTS.SEES FY 2018 EARNINGS PER SHARE ABOUT $2.72 TO $2.80.Q1 EARNINGS PER SHARE $0.60.SEES FY 2018 SALES ABOUT $9.84 BILLION TO $10 BILLION.Q1 SALES $2.46 BILLION VERSUS I/B/E/S VIEW $2.39 BILLION.Q1 EARNINGS PER SHARE VIEW $0.60 -- THOMSON REUTERS I/B/E/S.- RAISES FISCAL 2018 NET SALES AND EARNINGS GUIDANCE.  Full Article

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