United Natural Foods, Inc. (UNFI) Bundle
A Brief History of United Natural Foods, Inc. (UNFI)
Company Overview
United Natural Foods, Inc. (UNFI) is a publicly traded wholesale food distributor headquartered in Providence, Rhode Island. Founded in 1996, the company serves as a primary distributor of natural, organic, and specialty foods.
Financial Performance
| Fiscal Year | Total Revenue | Net Income | Total Assets |
|---|---|---|---|
| 2023 | $29.1 billion | $292.5 million | $4.8 billion |
Key Business Segments
- Wholesale distribution of natural and organic products
- Retail grocery operations
- Supply chain solutions for independent and chain retailers
Market Presence
UNFI serves approximately 30,000 customer locations across the United States and Canada, including:
- Grocery stores
- Natural food chains
- Conventional supermarkets
- Restaurants
- Institutional food service providers
Major Acquisitions
| Year | Acquired Company | Transaction Value |
|---|---|---|
| 2018 | SUPERVALU Inc. | $2.9 billion |
Stock Information
NYSE Ticker: UNFI
| Stock Price (as of January 2024) | Market Capitalization |
|---|---|
| $42.75 | $2.1 billion |
Warehouse and Distribution Network
- Total distribution centers: 58
- Total warehouse space: 11.5 million square feet
- Annual product handling: Over 300,000 unique SKUs
A Who Owns United Natural Foods, Inc. (UNFI)
Major Shareholders
| Shareholder | Ownership Percentage | Shares Owned |
|---|---|---|
| The Blackstone Group | 12.4% | 16,750,000 shares |
| Vanguard Group Inc. | 9.8% | 13,225,000 shares |
| BlackRock Inc. | 8.3% | 11,205,000 shares |
Institutional Ownership
As of Q4 2023, institutional investors own 78.5% of UNFI's total shares.
Key Institutional Investors
- Dimensional Fund Advisors LP: 7.2%
- State Street Corporation: 6.5%
- Goldman Sachs Group Inc.: 4.9%
Company Leadership
CEO: J. Alexander (Sandy) Douglas Jr.
Public Trading Details
Stock Exchange: NASDAQ
Ticker Symbol: UNFI
United Natural Foods, Inc. (UNFI) Mission Statement
Corporate Mission Overview
United Natural Foods, Inc. (UNFI) operates with a mission focused on distributing natural, organic, and specialty foods across North America.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $29.4 billion |
| Total Employees | 25,000 |
| Distribution Centers | 58 |
Strategic Distribution Capabilities
UNFI provides comprehensive distribution services to:
- Natural food stores
- Specialty grocery retailers
- Conventional supermarkets
- Restaurants
- Institutional foodservice operators
Product Portfolio
| Product Category | Market Share |
|---|---|
| Organic Products | 32% |
| Natural Grocery Items | 28% |
| Specialty Foods | 22% |
Key Performance Indicators
- Serving over 30,000 customer locations
- Operating across 48 states and Canada
- Offering more than 65,000 products
How United Natural Foods, Inc. (UNFI) Works
Company Overview
United Natural Foods, Inc. (UNFI) is a publicly traded wholesale food distributor headquartered in Providence, Rhode Island. As of fiscal year 2023, the company reported total revenues of $33.1 billion.
Business Segments
UNFI operates through two primary business segments:
- Wholesale Distribution
- Manufacturing
Distribution Network
UNFI maintains 14 distribution centers across the United States and Canada, covering approximately 7.5 million square feet of warehouse space.
| Region | Number of Distribution Centers |
|---|---|
| United States | 12 |
| Canada | 2 |
Financial Performance
Key financial metrics for fiscal year 2023:
- Total Revenue: $33.1 billion
- Net Income: $366 million
- Gross Margin: 15.2%
Customer Base
UNFI serves over 30,000 customers, including:
- Retail grocery stores
- Natural food chains
- Independent grocers
- Specialty retailers
Product Portfolio
| Category | Approximate Number of Products |
|---|---|
| Natural and Organic Products | 65,000 |
| Conventional Grocery Items | 40,000 |
Market Position
UNFI is the largest publicly traded wholesale distributor of natural, organic, and specialty foods in the United States.
Operational Efficiency
- Annual Inventory Turnover: 12.3 times
- Total Employees: Approximately 25,000
How United Natural Foods, Inc. (UNFI) Makes Money
Revenue Streams
United Natural Foods, Inc. (UNFI) generates revenue through wholesale distribution of natural, organic, and specialty food products. As of fiscal year 2023, the company reported total net sales of $33.07 billion.
| Revenue Source | Annual Revenue (2023) |
|---|---|
| Wholesale Distribution | $33.07 billion |
| Retail Operations | $2.98 billion |
Key Distribution Channels
- Retail grocery stores
- Independent natural food stores
- Conventional supermarkets
- Specialty retailers
- Restaurants and foodservice operators
Product Categories
UNFI distributes products across multiple categories:
| Product Category | Percentage of Sales |
|---|---|
| Grocery | 38% |
| Produce | 22% |
| Frozen Foods | 15% |
| Dairy | 12% |
| Specialty/Health | 13% |
Financial Performance
UNFI's financial metrics for fiscal year 2023:
- Gross Profit: $2.59 billion
- Net Income: $254 million
- Operating Cash Flow: $615 million
- Inventory Value: $2.1 billion
Customer Base
UNFI serves approximately 30,000 customer locations across the United States and Canada.
Operational Infrastructure
The company operates 58 distribution centers covering 16.3 million square feet of warehouse space.
Competitive Advantages
- Largest publicly traded wholesale distributor of natural, organic, and specialty foods
- Comprehensive product portfolio
- Extensive distribution network
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