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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
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December 11, 2014
08:28 EDTUNFIUnited Natural Foods upgraded at Argus
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08:12 EDTUNFIUnited Natural Foods upgraded to Buy from Hold at Argus
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December 10, 2014
08:18 EDTUNFIDeutsche Bank to hold a conference
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December 5, 2014
10:00 EDTUNFIOn The Fly: Analyst Downgrade Summary
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09:26 EDTUNFIUnited Natural Foods downgraded to Equal Weight at Stephens
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07:43 EDTUNFIUnited Natural Foods price target raised to $90 from $78 at Jefferies
Jefferies raised its price target for shares of United Natural Foods to $90 citing the company's "solid" Q1 results. The firm reiterates a Buy rating on the stock.
07:27 EDTUNFIUnited Natural Foods downgraded to Equal Weight from Overweight at Stephens
December 4, 2014
07:12 EDTUNFIUnited Natural Foods backs FY15 EPS view $2.88-$3.01, consensus $2.94
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07:11 EDTUNFIUnited Natural Foods reports Q1 EPS 66c, consensus 63c
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December 3, 2014
15:25 EDTUNFINotable companies reporting before tomorrow's open
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