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Stock Market & Financial Investment News

News Breaks
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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October 17, 2014
11:47 EDTUNFIUnited Natural Foods to host analyst day
Analyst Day to be held in Montgomery, New York on October 21 at 9:30 am. Webcast Link
October 15, 2014
06:40 EDTUNFIUnited Natural Foods upgraded to Overweight at Piper Jaffray
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05:48 EDTUNFIUnited Natural Foods upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray upgraded United Natural Foods to Overweight with a $74 price target.

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