Management

United Natural Foods Inc. reports 4.7% sales increase in first quarter fiscal 2022 Results

Dec. 9, 2021

Source United Natural Foods Inc.

UNFI this year added 53 all-electric transport refrigerated trailer units to its truck fleet at its distribution center in Riverside, CA. Trucks feature a high-efficiency refrigeration system powered by roof-mounted solar photovoltaic panels.

United Natural Foods Inc. (NYSE: UNFI) this week reported a net sales increase for the first quarter of fiscal 2022, ended Oct. 30, 2021.

UNFI first-quarter fiscal 2022 highlights (compared with Q1 2021)

Net sales of $7 billion, an increase of 4.7% (10.7% on a two-year stack basis).
Net income of $76 million, an increase of $77 million.
Adjusted EBITDA of $189 million, an increase of 18.9%.
Earnings per diluted share (EPS) of $1.25.
Adjusted EPS of $0.97, an increase of 90.2%.
Company affirms fiscal 2022 full-year outlook.
Credit ratings upgraded by both Moody’s and S&P.

Headquartered in Providence, RI, UNFI is a leading food wholesaler delivering products to customers throughout North America. Clients include natural product superstores, independent outlets, traditional supermarket chains, e-commerce retailers and foodservice.

Management

Compass Group adopts electric vehicle policy in UK and Ireland

Dec. 1, 2021

The UK’s leading foodservice provider has adopted a 100% electric policy for all new fleet cars. More than 500 employees of Compass Group UK & Ireland have been given the opportunity...