$UNFI (United Natural Foods, Inc.)

$UNFI {{ '2016-06-06T20:27:00+0000' | timeago}} • Announcement

National distributor of natural & organic foods $UNFI posted 3Q16 net income of $38.3MM, or $0.76 per diluted share vs. $41.7MM or $0.83 per diluted share in 3Q15. Adjusted diluted EPS was $1.89. 3Q16 net sales rose 0.8% to $2.13Bil vs. 3Q15 with Global Organic/Specialty Source & Nor-Cal Produce acquisitions contributing approx. 0.9% of net sales.

$UNFI {{ '2017-10-06T12:58:06+0000' | timeago}} • Announcement

$UNFI BoD has authorized the initiation of a $200MM share repurchase program. The company intends to fund the program with a combination of cash on hand, cash from operations and borrowings under its credit facility. The company had about 50.6MM shares of common stock outstanding as of Sept 14, 2017.

$UNFI {{ '2017-09-13T22:09:48+0000' | timeago}} • Webcast

$UNFI said it generated a record free cash flow of $102MM in 4Q17. It anticipates a prospective uptick in inflation would increase profitability in the coming quarters, and sees sales growing in mid-single digits beyond fiscal 2018. The company expects its supermarket sales growth in 2018 to be consistent with the current levels.

$UNFI {{ '2017-09-13T21:27:29+0000' | timeago}} • Webcast

$UNFI said it effectively integrated four acquired businesses in 2017, including Haddon House Food Products and Gourmet Guru. Challenging market conditions, including muted inflation and consolidations, posed headwinds during the year. The company plans to sustain the growth momentum through innovative products and enhanced e-commerce capabilities.

$UNFI {{ '2017-09-13T20:48:53+0000' | timeago}} • Announcement

For fiscal 2018, $UNFI expects sales to be in the range of $9.63Bil to $9.81Bil, and EPS in the $2.6-$2.77 range. Full-year capex is estimated to be 0.6-0.7% of sales. The company expects its planned adoption of new accounting standard in 2018 to raise tax rate by 75 basis points to 40.3- 40.7%, and to negatively impact earnings by $0.03 per share.

$UNFI {{ '2017-09-13T20:37:13+0000' | timeago}} • Announcement

Health foods retailer $UNFI reported strong sales in 4Q17, helped mainly by contributions from newly acquired businesses, resulting in a 12% growth in net profit. Sales advanced 5.7% YoY to $2.3Bil, and earnings per share rose to $0.76 from $0.69 last year. On an adjusted basis, earnings were $0.72 per share, up from $0.70 per share in 4Q16.

$UNFI {{ '2017-06-06T22:28:35+0000' | timeago}} • Webcast

$UNFI said that it has not provided the CapEx guidance for FY18. In the past, the company had said that CapEx would be around 1% of sales over the longer term. The company hasn't mentioned about the need to build any new warehouses in the near feature.

$UNFI {{ '2017-06-06T21:39:14+0000' | timeago}} • Webcast

$UNFI completed the integration of Haddon House and Gourmet Guru during 3Q17. Deflation was an headwind in the quarter. The general lack of inflation led to a short term pressure on gross margin dollars. Recently, the company restructured Produce business. $UNFI expects to incur restructuring charges of $3-4MM before taxes during 4Q17.

$UNFI {{ '2017-06-06T21:07:49+0000' | timeago}} • Announcement

$UNFI revised its FY17 guidance. The company expects net sales to be in the range of $9.29-9.24Bil, up 9.7-10.3% from FY16.

$UNFI {{ '2017-06-06T20:59:40+0000' | timeago}} • Announcement

Organic and specialty foods distributor $UNFI reported 4.4% drop in its 3Q17 earnings to $36.6MM from $38.3MM during 3Q16. Diluted EPS fell 5.2% to $0.72 from $0.76 during prior year period. Net sales rose 11% YoY to $237.5MM. Excluding items, $UNFI earned $0.77 per share.

$UNFI {{ '2017-03-08T21:40:16+0000' | timeago}} • Announcement

For FY17, $UNFI expects net sales to be approx. $9.38-9.46Bil, an increase of approx. 10.7-11.7% over FY16. $UNFI expects diluted EPS to be $2.49-2.54 and adjusted diluted EPS to be approx. $2.53-2.58 in FY17.

$UNFI {{ '2017-03-08T21:34:40+0000' | timeago}} • Announcement

$UNFI reported a 12.3% increase in 2Q17 earnings. Net income was $25.5MM or $0.50 per share compared to $22.6MM or $0.45 per share in 2Q16. Net sales increased 11.6% to $2.29Bil compared to last year.

$UNFI {{ '2016-12-08T17:44:16+0000' | timeago}} • Webcast

$UNFI's total fuel costs fell 11 bps as a percent of net sales, which represents 43 bps of distribution net sales. The Department of Energy's national average price per gallon for diesel was down approx. 5.5% or $0.14 per gallon. Share-based compensation expense represented 29 bps of net sales.

$UNFI {{ '2016-12-08T17:34:09+0000' | timeago}} • Webcast

Regarding the competitive environment, $UNFI said it sees more retailers focused on improving the in-store experience and deploying their capital into getting consumers into the stores and buying in the stores. The company believes that captive is only a phenomena that affects less than 30% of its business.

$UNFI {{ '2016-12-08T17:25:40+0000' | timeago}} • Webcast

$UNFI's supernatural's net sales were up 4.6% from a year ago, representing 32.8% of total net sales. Supermarket channel net sales grew 13.5%, representing 28.6% of total net sales. The independent channel grew 10% and represented 27.3% of total sales. Food service sales were up 8.1% and e-commerce grew about 22.4%.

$UNFI {{ '2016-12-08T17:25:23+0000' | timeago}} • Webcast

$UNFI estimate acquisitions contributed about 0.8% to net sales growth in 1Q17, excluding the impact of its global organic business, which was fully integrated into Albert's business. The company experienced modest deflation of 13 bps, which represents first quarter of deflation in atleast 7 years.

$UNFI {{ '2016-12-07T21:31:27+0000' | timeago}} • Announcement

$UNFI still expects FY17 net sales of about $9.43-9.60Bil, an increase of about 11.3-13.3% over FY16. The company estimates GAAP EPS of about $2.53-2.63 in FY17 compared to FY16 GAAP EPS of $2.50.

$UNFI {{ '2016-12-07T21:28:48+0000' | timeago}} • Announcement

$UNFI's gross margin for 1Q17 grew 20 basis points YoverY, due to the favorable impact of acquisitions completed in the past twelve months. Despite YoverY improvement, 1Q17 gross margin continued to face headwinds from moderated supplier promotional activity, competitive pricing pressures and reduced fuel surcharges.

$UNFI {{ '2016-12-07T21:26:41+0000' | timeago}} • Announcement

Organic and specialty foods distributor $UNFI reported a drop in 1Q17 earnings due to higher costs from acquired businesses and restructuring costs. Net income slid to $29.22MM or $0.58 per share from $30.13MM or $0.60 per share last year. Net sales grew to $2.28Bil from $2.08Bil. Adjusted net sales increased by 12.9%.

$UNFI {{ '2016-10-31T21:49:38+0000' | timeago}} • Announcement

$UNFI said its President and Chief Executive Officer, Steven L. Spinner, was appointed Chairman of the company's Board of Directors, effective following its Annual Meeting of Stockholders in December 2016.

$UNFI {{ '2016-09-12T22:26:51+0000' | timeago}} • Webcast

Bofa Merrill Lynch analyst Robby Ohmes probes whether the 7-8% from acquisitions is already announced, or for FY17, if that includes other acquisitions yet to be announced. $UNFI responds that it does not include any acquisitions that haven't been announced. It's the continuation of acquisitions made in FY16 & includes the addition of Gourmet Guru.

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