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A Tour of United Natural Foods – Analyst Blog

Zacks Market Commentaries (June 24th, 2009) Writes:
United Natural Foods (UNFI) hosted its 2009 Financial Analyst Day in York, Pennsylvania. Steven Spinner, President and CEO, explained the company's strategy for growth, while Mark Shamber, CFO, reiterated sales and earnings guidance for fiscal 2009. Afterwards, analysts were invited to tour the company's newest and largest distribution center.United Natural Foods is the largest wholesale distributor to the natural and organic industry in the United States. Despite the current economic weakness having negatively impacted sales, the company has continued to grow the top line in the last two quarters, albeit at a low single-digit rate.The outlook for the natural products sector is positive, driven by increasing consumer awareness towards health and wellness. In fact, the natural products sector (which includes organic foods, nutritional and herbal supplements, cosmetics and medicines, among other categories) generated sales of over $68 billion in 2008.Over ...

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