UNFI - United Natural Foods, Inc.

NYSE - NYSE Delayed Price. Currency in USD
+0.18 (+1.86%)
At close: 4:04PM EST

10.15 +0.28 (2.84%)
After hours: 7:07PM EST

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Previous Close9.69
Bid9.85 x 800
Ask9.90 x 1000
Day's Range9.61 - 9.88
52 Week Range6.56 - 15.63
Avg. Volume1,310,173
Market Cap526M
Beta (3Y Monthly)2.08
PE Ratio (TTM)N/A
EPS (TTM)-5.56
Earnings DateDec 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est8.00
  • Lidl doubles down on regional expansion with acquisition of Shoppers stores
    American City Business Journals

    Lidl doubles down on regional expansion with acquisition of Shoppers stores

    Lidl is looking to fill the void being left by Shoppers. While Shoppers' parent company United Natural Foods Inc. (NYSE: UNFI) continues its effort to shed its retail portfolio, German discount grocer Lidl is expanding its presence in the region — and the United States more broadly — with plans to acquire six properties in Maryland and Virginia. Greater Washington has an extremely competitive grocery market, said Ray Schupp, principal at Bethesda-based H&R Retail.

  • Benzinga

    United Natural Foods Sells 13 Stores, Will Close Another 4

    Food wholesaler and grocery store operator United Natural Foods Inc (NYSE: UNFI ) said Friday that it will sell 13 of its Shoppers Food & Pharmacy stores and close another four stores. United Natural Sells ...

  • United Natural to Cut Retail Presence Via Shoppers Store Sale

    United Natural to Cut Retail Presence Via Shoppers Store Sale

    United Natural (UNFI) inks deals to sell 13 of its 43 Shoppers Food & Pharmacy stores to three distinct grocery operators. Also, the company will cease four Shoppers stores.

  • Shoppers is selling 13 local stores. Expect some closures — and Lidls
    American City Business Journals

    Shoppers is selling 13 local stores. Expect some closures — and Lidls

    We're finally getting more details on the fate of some of the Shoppers stores in the Washington and Baltimore areas. United Natural Foods Inc. (NYSE: UNFI), parent company of the Lanham-based grocery chain, will close four of its stores in the region and sell 13 others to three separate grocery operators, the company said Friday. The other two store closures are planned for Severn, Maryland and in Baltimore.

  • PR Newswire

    UNFI Reaches Definitive Agreements to Sell 13 Shoppers Food Stores

    United Natural Foods, Inc. (NYSE: UNFI) ("UNFI" or the "Company"), today announced it has entered into definitive agreements to sell 13 of its 43 Shoppers Food & Pharmacy ("Shoppers") stores to three separate grocery operators. Each of the transactions is expected to close between mid-December and the end of February 2020, subject to customary closing conditions. In connection with the sale transactions, Shoppers intends to wind down operations at these locations, including the sale of any remaining inventory and closure of the stores prior to reopening under other banners.

  • Are These 3 Sell-Rated Stocks Wildly Overvalued?

    Are These 3 Sell-Rated Stocks Wildly Overvalued?

    What goes up must come down – it’s true in physics, and it’s also true in the stock markets. We all know that the economy moves in cycles of growth and recession, and that the US is currently in the tenth year of a growth cycle – the longest sustained such cycle since the end of WWII. But there are warnings signs, and some market watchers are growing worried. Bond yields are low, perhaps too low, and the Federal Reserve has started rate cutting again, meaning it will have less room to maneuver in the next downturn. And Federal debt is at extraordinary levels, which some say are simply not sustainable.So that’s the background. But it doesn’t touch what is possibly the most important point of all: simply put, the US economy and stock markets have grown much faster in recent years, and reached much greater highs, than those in the rest of the world. Standing so much higher than the rest, the US economy is poised to fall much harder when the next recession does come.Jeffrey Gundlach, CEO of DoubleLine Capital, and an influential investor in the bond markets, has been outspoken recently about his worries for the markets in the near future. “Today, we have the S&P 500 is killing everybody else over the last ten years, almost 100% outperformance versus most other stock markets,” he says, setting the scene, and adds, “When the next recession comes, the United States will get crushed, and it will not make it back to the highs that we've seen, that we're floating around right now, probably for the rest of my career, is what I think is going to happen.”Gundlach is suggesting that the next recession could last several years or longer. He sees Federal debt as the biggest warning flasher right now, stating that the US government’s deficit problem – its chronic inability to balance tax receipts and expenditures – will push down hard on the dollar.OK, now that we’ve laid out the bearish case, what do we do with that information? Because using information is what TipRanks is all about. Markets are still growing, but there is a real case to be made that there is underlying fragility. One way to protect your portfolio is to get out of weak stocks. We’ve opened up the TipRanks Stock Screener tool and looked for stocks with a Sell rating and upwards of 15% downside potential. Let’s take a look at three of them, and see why Wall Street’s analysts are so wary. United Natural Foods (UNFI)We’ll start in the food service industry. You may think that food – being a commodity necessary for life – would be a solid foundation on which to build a business, but the food industry company’s face numerous headwinds: high overhead, low margins, volatile supply chains, and stiff competition, to name just a few. United Foods, the primary distributor for the upscale grocer Whole Foods Market, occupies an especially competitive niche in the natural and organic food segment.In the summer of 2018, UNFI compounded the natural headwinds of its business sector by acquiring Minnesota-based grocery wholesaler SuperValu for $1.3 billion. In the process, UNFI also had to pick up SuperValu’s $1.6 billion in debt. While UNFI could afford the purchase – United brings in upwards of $10 billion in annual revenues – it was still a significant hit to the wallet and the corporate debt load.While UNFI shares declined through most of 2019, the company looked like it was starting to turn around at the beginning of September. The fiscal Q4 report, released October 2, derailed that. Despite a strong year-over-year gain in revenue, from $2.59 billion to $6.41 billion, EPS dropped sharply, coming in at 44 cents. This was 36% below the 69-cent estimate, which itself was well below the year-ago figure of 76 cents. The fall in earnings, after the year-long slide in share value – shares in UNFI are down 11% in 2019 – reflects the impact of the SuperValu acquisition. Share value dropped sharply after the earnings report. It is clear that UNFI is still figuring out how to adjust to the new customer mix and gross margin numbers.Karen Short, 4-star analyst with Barclays, is skittish on UNFI. She writes, “While the heavy lifting on UNFI’s transformation has been completed, FY20 guidance was below expectations and bridging to guidance remains challenging given the many moving parts. With insufficient clarity on the stability of the core business, we remain [underweight]… the path to stability on the core remains elusive for the foreseeable future so we cannot become more constructive on the name until we have clarity on how the core is performing…” Short puts a $7 price target on UNFI to go along with her Sell rating. This suggests a potential downside of 25% for the stock. (To watch Short’s track record, click here)From BMO Capital, analyst Kelly Bania also sees UNFI as an underperformer. The analyst wrote, “UNFI reported a challenging F4Q19 which led F19 adjusted EBITDA to come in well below expectations. Guidance for F20 was below expectations and management walked back longer-term targets.” Bania’s $5 price implies a disastrous 46% downside to UNFI, in line with his "sell" rating for the stock. (To watch Bania’s track record, click here)Overall, UNFI stock hasn’t had a Buy rating in the past three months, and the most recent reviews are evenly split between 2 Sells and 2 Holds, giving UNFI a Moderate Sell consensus view. Shares trade at a low $9.81, but the $7.50 average price target indicates that the stock may have an additional 23.55% to fall. (See UNFI stock analysis on TipRanks) Dillard’s, Inc. (DDS)From food wholesalers we move to the clothing industry. Dillard’s is a major department store chain in the US, with over 292 stores. The chain’s largest presence is in Florida and Texas, with 42 and 57 stores respectively, and the other 193 stores are spread across 27 more states, mostly in the South and West. DDS shares have been volatile this year, as the company struggles with declining profit margins and trouble attracting younger customers.The difficulties saw DDS’s earnings fall by almost half in 1H19. Management put in place improvements in inventory management, boosting the chain’s efficiency and reducing the inventory gain year-over-year. In Q3 2019, DDS clobbered the estimates, bringing in a positive EPS of 22 cents when the analysts had expected a loss of 25 cents. It was a powerful performance, made more impressive when one notes that revenues slipped in the quarter, falling year-over-year from $1.46 billion to $1.39 billion.Historically, however, DDS has not been able to sustain the kind of performance that boosts the stock. The company has managed to post short-term rallies, but each fizzles out fairly quickly – and the long-term chart trend for DDS is not encouraging. While the stock is up 17% this year – still underperforming the S&P 500, however – it is down 35% over the past five years. Management has shown that it is good at improving inventory efficiencies, but the overall picture is not encouraging.That the big picture is somewhat grim is underscored by Deutsche Bank’s Paul Trussell. The 4-star analyst, in reviewing the recent quarterly report, wrote, “We commend management on delivering solid improvement from 1H19, especially in light of the highly promotional environment, but maintain our Sell rating as we expect full-year EBIT margin to contract by -124 bps (the company's worst performance since 2016).”Trussell put a $44 price target on DDS to go along with his Sell rating, suggesting a 38% downside to the stock. (To watch Trussell’s track record, click here)Dillard’s has a Moderate Sell rating from the analyst consensus, with 1 Hold and 2 Sells given in the past month. It’s important to note here that even the high estimate price target still indicates a downside to this stock – indicating that the analysts here are truly bearish. DDS is trading for $68.90, and the average price target of $49.33 implies that there 28% more room to fall on the downside. (See Dillard’s stock analysis on TipRanks) National Beverage (FIZZ)The fifth largest beverage company in the US may not be a household name, but some of its products are. National Beverage is the owner of Faygo and Shasta, popular regional soft drink brands, as well as the Wisconsin-based La Croix brand of carbonated water drinks. The company also owns and distributes several additional lines of soft drinks, energy drinks, and juices.While FIZZ’s brands are, at least regionally, popular, the company is facing declines on both the top and bottom lines of the earnings statements. For Q3 2019, the company reported EPS of 53 cents. This was 35 cents lower than the year-ago quarter, or a 39% drop. The gross revenue number was also bad, falling 3% from $227.5 million to the current value of $220.8 million.Commenting on the sharp drops in the quarterly results, CEO Nick Caporella said simply, “We are truly sorry for these results stated above.” He went on to add, “[G]ross margins were impacted by volume declines. Comparisons were further skewed by the adoption of the new tax act in the third quarter of the prior year…”So, despite annual revenues exceeding $1 billion, FIZZ is in trouble. The company is struggling with low margins combined with difficulties managing and promoting brands. The La Croix brand, in particular, has been the subject of lawsuits alleging that it does not use “all natural” flavoring as advertised.Branding troubles and competition are on the minds of Wall Street’s analysts when they look at FIZZ. Laurent Grandet, of Guggenheim, writes, “We are revising our expectations for National Beverage ahead of [fiscal] 2Q results expected in early December… we are now incorporating our estimated impact of the upcoming AHA brand launch in March 2020 that we expect will take shelf space and share from LaCroix. We continue to think LaCroix will not stabilize until at least next year...” Grandet reiterates her Sell rating on the stock, and lowers her price target to $31, indicating a downside of 36%. (To watch Grandet’s track record, click here.)Jefferies analyst Kevin Grundy is even more concise in his hard-edged review of FIZZ. He states simply, “Competition has intensified in the sparkling water space and we still do not foresee a quick, inexpensive, or even certain turnaround for the co.'s LaCroix brand.” Grundy also places a Sell on FIZZ, with a $32 price target that implies a 34% downside risk. (To watch Grundy’s track record, click here.)All told, FIZZ is rated a Moderate Sell by the analyst consensus. The three most recent ratings on the stock are 2 Sells and 1 Hold, indicating a bearish mood among analysts. The company’s branding and image problems are far from over, and Wall Street sees that continuing to impact sales. Shares are priced at $49.53, and the average price target of $35 suggests a downside of nearly 30%. (See National Beverage's stock analysis on TipRanks)

  • Analysts Estimate United Natural Foods (UNFI) to Report a Decline in Earnings: What to Look Out for

    Analysts Estimate United Natural Foods (UNFI) to Report a Decline in Earnings: What to Look Out for

    United Natural (UNFI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • United Natural (UNFI) Down 4.3% Since Last Earnings Report: Can It Rebound?

    United Natural (UNFI) Down 4.3% Since Last Earnings Report: Can It Rebound?

    United Natural (UNFI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Moody's

    United Natural Foods, Inc -- Moody's downgrades UNFI to B2

    Concurrently, Moody's also downgraded the rating of the company's senior secured term loan to B3 from B2. "UNFI's operating performance has been below expectations since its acquisition of SUPERVALU Inc. with metrics and profitability expected to be lower than our previous forecasts for the next 12-18 months", Moody's Vice President Mickey Chadha stated.

  • Independent Director Peter Roy Just Bought Shares In United Natural Foods, Inc. (NYSE:UNFI)
    Simply Wall St.

    Independent Director Peter Roy Just Bought Shares In United Natural Foods, Inc. (NYSE:UNFI)

    Even if it's not a huge purchase, we think it was good to see that Peter Roy, the Independent Director of United...

  • Kraft Heinz Down 13% in 3 Months, Rising Costs a Deterrent

    Kraft Heinz Down 13% in 3 Months, Rising Costs a Deterrent

    Kraft Heinz (KHC) is bearing the brunt of higher expenses, adverse currency rates and low inventory levels among others.

  • Cub Foods' owner says sale in the works for early 2020
    American City Business Journals

    Cub Foods' owner says sale in the works for early 2020

    In a conference call with analysts, UNFI Interim CFO John Howard said they “expect to sell Cub this fiscal year.”

  • Smucker's Buyouts Bode Well, Baking Unit Divestiture a Concern

    Smucker's Buyouts Bode Well, Baking Unit Divestiture a Concern

    Smucker (SJM) gains from buyouts and partnerships. It is on track with cost-saving efforts. However, divestiture of its baking business is taking a toll on the top line.

  • TheStreet.com

    Why I'm Not Taking a Position in United Natural Foods

    Food distributor United Natural Foods can't seem to catch a break for very long, and investors still are still not buying into the story. While revenue of $6.41 billion was about in-line with estimates, the 800 pound gorilla in the room remains the company's debt level. The kicker was that UNFI also assumed SUPERVALU's debt.

  • Thomson Reuters StreetEvents

    Edited Transcript of UNFI earnings conference call or presentation 1-Oct-19 9:00pm GMT

    Q4 2019 United Natural Foods Inc Earnings Call

  • United Natural (UNFI) Stock Down 26% on Dismal Q4 Earnings

    United Natural (UNFI) Stock Down 26% on Dismal Q4 Earnings

    United Natural Foods' (UNFI) earnings decline year over year and miss the Zacks Consensus Estimate in fourth-quarter fiscal 2019.

  • Shoppers stores could be sold by early 2020
    American City Business Journals

    Shoppers stores could be sold by early 2020

    The parent company of Shoppers grocery stores is inching closer to selling the chain, its CEO said Tuesday.  United Natural Foods Inc. CEO Steve Spinner told analysts Tuesday that the company is “working on several deals, each of which involves multiple stores, which increases the level of complexity” for the sale of both Shoppers and its other retail line, Cub, which operates mostly in Minnesota.

  • Benzinga

    United Natural Foods Sinks After Rotten Q4 Earnings

    United Natural Foods Inc (NYSE: UNFI ) shares are getting crushed after reporting a fourth-quarter earnings miss on Tuesday. United Natural Foods reported quarterly earnings of 44 cents per share, which ...

  • United Natural Foods (UNFI) Lags Q4 Earnings and Revenue Estimates

    United Natural Foods (UNFI) Lags Q4 Earnings and Revenue Estimates

    United Natural (UNFI) delivered earnings and revenue surprises of -36.23% and -0.44%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    United Natural Foods stock tanks after fiscal Q4 earnings disappoint

    Shares of United Natural Foods Inc. tanked in the extended session Tuesday after the food wholesaling company reported fiscal fourth-quarter adjusted earnings that fell short of Wall Street expectations. United Natural said it earned $19 million, or 36 cents a share, in the quarter, compared with $33 million, or 64 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned 44 cents a share, compared with 76 cents a share a year ago. Sales rose to $6.41 billion from $2.6 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 47 cents a share on sales of $6.41 billion. The company guided for EPS between $1.22 and $1.76 for the year, and full-year sales between $23.5 billion and $24.3 billion. The analysts surveyed by FactSet expect full-year EPS of $1.32 on sales of $24.4 billion. United Natural Food shares ended the regular trading day down 3.9%.

  • PR Newswire

    United Natural Foods, Inc. Reports Fourth Quarter Fiscal 2019 Results

    PROVIDENCE, R.I., Oct. 1, 2019 /PRNewswire/ -- United Natural Foods, Inc. (NYSE: UNFI) (the "Company" or "UNFI") today reported financial results for the fourth quarter and fiscal year ...

  • TheStreet.com

    United Natural Foods Shares Drop After Earnings and Guidance Disappoint

    United Natural Foods shares were falling after the wholesaler reported earnings that missed estimates and guidance that was light against Wall Street forecasts. The latest adjusted earnings per share came in at 44 cents, missing the FactSet-compiled Wall Street estimate of 47 cents.

  • Benzinga

    Q4 Earnings Preview For United Natural Foods

    On Tuesday, October 1, United Natural Foods (NASDAQ: UNFI ) will release its latest earnings report. Benzinga's outlook for United Natural Foods is included in the following report. Earnings and Revenue ...

  • TheStreet.com

    [video]United Natural Foods Expected to Earn 47 Cents a Share

    United Natural Foods, Inc. is expected to report adjusted net income of $18.3 million, or 47 cents a share, on sales of $6.4 billion, after the market close on Tuesday, Oct. 1, based on a FactSet survey of 12 analysts. In the upcoming quarter analysts are forecasting net income of $24.8 million, or 25 cents a share, on sales of $5.9 billion. United Natural Foods is currently trading at a price-to-forward-earnings ratio of 8.2 based on the 12-month estimates of 13 analysts surveyed by FactSet.