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UNFI re-ups primary distribution pact with Whole Foods

Amazon-owned specialty grocer remains wholesaler’s largest customer
United Natural Foods Inc. (UNFI) has extended its primary wholesale grocery agreement with Whole Foods Market, its largest single customer.
UNFI said Thursday that, with the extension, the term of the companies’ distribution pact now runs until Sept. 27, 2027. The contract previously was slated to expire on Sept. 28, 2025.
“Since the onset of the COVID-19 pandemic, UNFI and Whole Foods have worked closely together to consistently deliver ‘better for you’ foods to consumers throughout North America. This extension allows both companies to maintain focus on what is most important: continuing to meet the growing demand for healthy food at home as we navigate through the global pandemic,” UNFI Chairman and CEO Steven Spinner said in a statement. “We look forward to continuing to play a very important role in the rapidly evolving ‘foodscape’ and supply chain, while furthering our tra ....

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UNFI ramps up business with new, existing customers in Q1

E-commerce is ‘fastest-growing portion of our business,’ President Christopher Testa says
Strategic initiatives, new business, and strong retail and e-commerce performances boosted results at United Natural Foods Inc. (UNFI) for its fiscal 2021 first quarter.
For the quarter ended Oct. 31, net sales totaled $6.67 billion, up 6% from $6.3 billion a year earlier, UNFI said Wednesday.
“We delivered another quarter of strong financial results. First-quarter sales grew 6%, and first-quarter adjusted EBITDA grew 31%, resulting in a 45-basis-point expansion in adjusted EBITDA margin,” Chairman and CEO Steven Spinner told analysts in a conference call. “With the strength we have shown during the last three quarters, the tremendous confidence we have in our company and our strong commitment to increasing shareholder value, it’s clear to us that the best days for UNFI lie ahead, as we continue to build and optimize our DC network, expand our brands, win new b ....

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