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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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September 1, 2015
11:00 EDTUNFIUnited Natural Foods management to meet with Stephens
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August 28, 2015
10:03 EDTUNFIOn The Fly: Analyst Initiation Summary
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07:36 EDTUNFIUnited Natural Foods initiated with a Sell at Pivotal Research
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August 21, 2015
08:53 EDTUNFIUnited Natural Foods named a Best Idea at Stephens
Stephens named United Natural Foods a Best Idea for the remainder of 2015 following better than expected preliminary Q4 results. The firm is encouraged by accelerated performance into Q1 2016, the contract renewal with a large customer, and potential for increased M&A to supplement growth in key product categories and regions. Stephens rates United Natural Foods an Overweight with a $72 price target on shares.
August 20, 2015
07:14 EDTUNFIUnited Natural Foods guidance should change sentiment, says Canaccord
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August 19, 2015
18:34 EDTUNFIOn The Fly: After Hours Movers
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16:25 EDTUNFIUnited Natural Foods sees FY16 EPS $2.86-$2.98, consensus $3.05
Sees FY16 revenue $8.51B-$8.67B , consensus $8.61B.
16:22 EDTUNFIUnited Natural Foods sees FY15 EPS $2.85-$2.86, consensus $2.86
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16:19 EDTUNFIUnited Natural Foods reports preliminary Q4 EPS GAAP EPS 72c-73c
Consensus for Q4 EPS is 72c. Reports preliminary Q4 revenue $2.06B-$2.065B, consensus $2.05B.

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