New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 18, 2014
14:09 EDTSWY, UNFIUnited 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
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2015
10:44 EDTUNFIWhole Foods earnings miss drags down organic foods space
Subscribe for More Information
06:45 EDTUNFIWhole Foods results likely to bring down United Natural, says Piper Jaffray
Subscribe for More Information
July 28, 2015
10:00 EDTUNFIOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:07 EDTUNFIUnited Natural Foods downgraded on customer loss at BMO Capital
As noted earlier, BMO Capital downgraded United Natural Foods to Market Perform from Outperform. The firm downgraded the stock after the company announced that its contract with Albertsons would not be renewed. BMO thinks the company continues to be threatened by competition from KeHE and regional suppliers. Target to $52 from $71.
08:21 EDTUNFIUnited Natural Foods valuation discounts new environment, says Canaccord
Subscribe for More Information
06:13 EDTUNFIUnited Natural Foods downgraded to Market Perform at BMO Capital
BMO Capital downgraded United Natural Foods to Market Perform from Outperform.
July 27, 2015
09:37 EDTUNFIUnited Natural Foods mentioned cautiously at Cleveland Research
Subscribe for More Information
July 22, 2015
10:01 EDTUNFIOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:17 EDTUNFIUnited Natural Foods downgraded to Neutral from Outperform at Wedbush
Subscribe for More Information
08:01 EDTUNFIUnited Natural Foods downgraded to Equal Weight at Morgan Stanley
Subscribe for More Information
06:49 EDTUNFIUnited Natural downgraded to Equal Weight from Overweight at Morgan Stanley
Subscribe for More Information
July 21, 2015
10:01 EDTUNFIOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:20 EDTUNFIUnited Natural Foods downgraded following contract loss at Oppenheimer
As noted earlier,, Oppenheimer downgraded United Natural Foods to Perform from Outperform. After United Natural Foods lost a roughly $400M contract with Albertson's, the firm thinks the loss of the contract will cause United Natural's organic sales growth to be "sluggish," and predicts that the shares will be range-bound "for now."
08:19 EDTUNFIUnited Natural Foods price target lowered to $65 from $71 at Canaccord
Subscribe for More Information
08:01 EDTUNFIUnited Natural Foods price target lowered to $72 from $76 at Stephens
Subscribe for More Information
07:00 EDTUNFIUnited Natural Foods downgraded to Underperform from Neutral at BofA/Merrill
Subscribe for More Information
06:27 EDTUNFIUnited Natural Foods downgraded to Perform from Outperform at Oppenheimer
Subscribe for More Information
July 20, 2015
16:17 EDTUNFIUnited Natural Foods announces termination of contract with Albertsons
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use