UNFI United Natural Foods Inc.
United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the following segments: Wholesale and Other. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm. It offers food and non food, frozen, perishables, bulk, body care products and supplements. The company was founded by Michael S. Funk in 1996 and is headquartered in Providence, RI.
Company profile
Ticker
UNFI
Exchange
Website
CEO
Steven L. Spinner
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
50376157
UNFI stock data
()
Investment data
Securities sold
Number of investors
Calendar
10 Jun 20
21 Sep 20
1 Aug 21
News
Financial summary
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| Annual (USD) | Aug 19 | Jul 18 | Jul 17 | Jul 16 | |
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Financial data from company earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 15 Sep 20 | Danielle Benedict | Common Stock | Payment of exercise | Dispose F | No | 17.08 | 330 | 5.64K | 12,453 |
| 15 Sep 20 | Danielle Benedict | Common Stock | Option exercise | Aquire M | No | 0 | 1,085 | 0 | 12,783 |
| 15 Sep 20 | Danielle Benedict | Common Stock | Payment of exercise | Dispose F | No | 17.08 | 331 | 5.65K | 11,698 |
| 15 Sep 20 | Danielle Benedict | Common Stock | Option exercise | Aquire M | No | 0 | 1,090 | 0 | 12,029 |
| 15 Sep 20 | Danielle Benedict | RSU Common Stock | Option exercise | Dispose M | No | 0 | 1,085 | 0 | 1,085 |
| 15 Sep 20 | Danielle Benedict | RSU Common Stock | Option exercise | Dispose M | No | 0 | 1,090 | 0 | 0 |
| 15 Sep 20 | Eric A. Dorne | Common Stock | Payment of exercise | Dispose F | No | 17.08 | 550 | 9.39K | 33,854 |
| 15 Sep 20 | Eric A. Dorne | Common Stock | Option exercise | Aquire M | No | 0 | 1,810 | 0 | 34,404 |
| 15 Sep 20 | Eric A. Dorne | Common Stock | Payment of exercise | Dispose F | No | 17.08 | 511 | 8.73K | 32,594 |
| 15 Sep 20 | Eric A. Dorne | Common Stock | Option exercise | Aquire M | No | 0 | 1,682 | 0 | 33,105 |
Institutional ownership Q2 2020
80.9% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 218 |
| Opened positions | 54 |
| Closed positions | 24 |
| Increased positions | 70 |
| Reduced positions | 62 |
13F shares |
Current |
|---|---|
| Total value | 2.38B |
| Total shares | 44.24M |
| Total puts | 429.9K |
| Total calls | 749.6K |
| Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 8.27M | $150.63M |
| Vanguard | 6.1M | $111.08M |
| Dimensional Fund Advisors | 4.22M | $76.78M |
| Kiltearn Partners | 3.46M | $62.93M |
| STT State Street | 1.86M | $33.79M |
| Private Management | 1.57M | $28.55M |
| Gallagher Fiduciary Advisors | 971.74K | $17.7M |
| IVZ Invesco | 852.24K | $15.52M |
| Geode Capital Management | 766.79K | $13.96M |
| Nuveen Asset Management | 748.15K | $13.62M |
Financial report summary
?Competition
Unified GrocersRisks
- Pandemics or disease outbreaks, such as the COVID-19 pandemic, may disrupt our business, including among other things, increasing our costs, impacting our supply chain, and driving change in customer and consumer demand for our products, and could have a material adverse impact on our business.
Management Discussion
- Fiscal 2019 was an historic year for UNFI as we completed the acquisition of Supervalu on October 22, 2018 and began to transform into North America’s leading wholesale distributor. By the end of fiscal 2019, we had combined our natural and conventional businesses, operating with a single executive leadership team. We neared completion of our Pacific Northwest distribution center consolidation whereby we will operate out of two distribution centers in the future compared to five previously, a move which will provide significant operating benefits. We realized significant cost synergies, which were partially reinvested into the business. In fiscal 2020, we successfully created a four-region operating structure with a sales organization aligned in a similar fashion. We believe these changes will advance the execution of our long-term strategic and growth objectives. We expect the competitive environment to remain challenging as other wholesalers look to capture new business, which is expected to lead to margin compression. We believe we have cost savings opportunities that will more than offset the impact to gross margin as well as cross-selling opportunities that will increase sales.
Content analysis
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H.S. junior Avg
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New words:
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Removed:
concealed, divided, eleven, Fleming, injunctive, Midwest, Minnesota, monetary, offsetting, pursuing, SKU
Financial reports
10-Q
2020 Q3
Quarterly report
10 Jun 20
10-Q
2020 Q2
Quarterly report
11 Mar 20
10-Q
2020 Q1
Quarterly report
11 Dec 19
10-K
2019 FY
Annual report
1 Oct 19
10-Q
2019 Q3
Quarterly report
5 Jun 19
10-Q
2019 Q2
Quarterly report
7 Mar 19
10-Q
2019 Q1
Quarterly report
6 Dec 18
10-K
2018 FY
Annual report
24 Sep 18
10-Q
2018 Q3
Quarterly report
7 Jun 18
10-Q
2018 Q2
Quarterly report
8 Mar 18
Current reports
8-K
Entry into a Material Definitive Agreement
17 Aug 20
8-K
Regulation FD Disclosure
3 Aug 20
8-K
United Natural Foods, Inc. Reports Third Quarter Fiscal 2020 Results
10 Jun 20
8-K
United Natural Foods Announces Preliminary Third Quarter Results and Provides COVID-19 Business Update
12 May 20
8-K
Departure of Directors or Certain Officers
19 Mar 20
8-K
United Natural Foods, Inc. Reports Second Quarter Fiscal 2020 Results
11 Mar 20
8-K
UNFI Announces Senior Management Team Changes
7 Feb 20
8-K
Departure of Directors or Certain Officers
19 Dec 19
8-K
United Natural Foods, Inc. Reports First Quarter Fiscal 2020 Results
11 Dec 19
8-K/A
Cost Associated with Exit or Disposal Activities
6 Dec 19
Registration and prospectus
15-15D
Suspension of duty to report
16 Jun 20
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Jun 20
S-8
Registration of securities for employees
19 Dec 19
S-3
Shelf registration
28 Mar 19
25
Voluntary exchange delisting
28 Dec 18
8-A12B
Registration of securities on exchange
20 Dec 18
S-8
Registration of securities for employees
22 Oct 18
S-8
Registration of securities for employees
22 Dec 17
S-8
Registration of securities for employees
22 Dec 15
D
$7.1M in equity, sold $7.1M, 21 investors
29 Jul 14
Proxies
PX14A6G
Letter to shareholders
13 Dec 19
PX14A6G
Letter to shareholders
21 Nov 19
DEFA14A
Additional proxy soliciting materials
5 Nov 19
DEF 14A
Definitive proxy
5 Nov 19
DEFA14A
Additional proxy soliciting materials
9 Nov 18
DEF 14A
Definitive proxy
8 Nov 18
DFAN14A
Additional proxy materials by non-management
4 Sep 18
DFAN14A
Additional proxy materials by non-management
27 Jul 18
DFAN14A
Additional proxy materials by non-management
27 Jul 18
DEFA14A
Additional proxy soliciting materials
5 Dec 17
Other
EFFECT
Notice of effectiveness
8 Apr 19
CORRESP
Correspondence with SEC
4 Apr 19
UPLOAD
Letter from SEC
4 Apr 19
CT ORDER
Confidential treatment order
7 Nov 18
CT ORDER
Confidential treatment order
19 Oct 18
UPLOAD
Letter from SEC
15 Feb 18
CORRESP
Correspondence with SEC
9 Feb 18
UPLOAD
Letter from SEC
31 Jan 18
UPLOAD
Letter from SEC
8 Mar 17
CORRESP
Correspondence with SEC
24 Feb 17
Ownership
4
UNITED NATURAL FOODS / CHRISTOPHER P. TESTA ownership change
17 Sep 20
4
UNITED NATURAL FOODS / STEVEN SPINNER ownership change
17 Sep 20
4
UNITED NATURAL FOODS / Eric A. Dorne ownership change
17 Sep 20
4
UNITED NATURAL FOODS / Danielle Benedict ownership change
17 Sep 20
5
UNITED NATURAL FOODS / STEVEN SPINNER ownership change
14 Sep 20
4
UNITED NATURAL FOODS / Sean Griffin ownership change
31 Jul 20
4
UNITED NATURAL FOODS / Jill Sutton ownership change
18 May 20
4
UNITED NATURAL FOODS / Paul Scott Green ownership change
4 May 20
4
UNITED NATURAL FOODS / STEVEN SPINNER ownership change
18 Mar 20
4
UNITED NATURAL FOODS / Sean Griffin ownership change
18 Mar 20