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June 18, 2014
14:09 EDTUNFI, SWYUnited Natural Foods announces verbal agreement with Safeway
United Natural Foods (UNFI) disclosed that during an investor presentation today, its CFO Mark Shamber commented that United Natural has reached a verbal agreement with Safeway (SWY), its largest conventional supermarket customer, to renew its current distribution agreement which was scheduled to expire in September. Shamber also commented that the company has agreed to terms on a distribution agreement with Schnucks Markets, a new customer for the company that is a regional conventional supermarket chain with approximately 100 stores in five states throughout the Midwestern United States. United Natural anticipates the written agreements for both the renewed relationship with Safeway and the new relationship with Schnucks will be finalized during the current fiscal quarter. As a result of the anticipated agreements with Safeway and Schnucks, the company expects to generate approximately $425M in combined net sales with these two customers in FY15. The amount of expected net sales from the two customers in FY15 is not in addition to the company's net sales to Safeway in FY14.
News For UNFI;SWY From The Last 14 Days
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August 26, 2014
09:51 EDTUNFIOn The Fly: Analyst Initiation Summary
Cray (CRAY) initiated with a Buy at Stifel... Enphase Energy (ENPH) initiated with a Buy at Needham... FCB Financial (FCB) initiated with a Buy at UBS... FCB Financial initiated with an Overweight at JPMorgan... Goldman Sachs (GS) initiated with a Buy at MKM Partners... HealthEquity (HQY) initiated with a Neutral at RW Bair... Mobileye (MBLY) initiated with a Buy at Deutsche Bank... Mobileye initiated with a Neutral at Goldman... Mobileye initiated with a Neutral at RW Baird... Mobileye initiated with an Overweight at Barclays... RAIT Financial (RAS) initiated with an Outperform at JMP Securities... SunEdison (SUNE) initiated with an Outperform at FBR Capital... Mobileye initiated with an Outperform at Raymond James... Transocean Partners (RIG) initiated with an Overweight at Morgan Stanley... GT Advanced (GTAT) coverage resumed with an Overweight at Piper Jaffray... LinkedIn (LNKD) initiated with an Overweight at First Analysis... CSC (CSC) initiated with a Sector Perform at RBC Capital... United Natural Foods (UNFI) initiated with an Overweight at Stephens.
09:03 EDTUNFIUnited Natural Foods initiated with an Overweight at Stephens
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