Company Overview
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company s products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and food service channels such as e-commerce platforms. The company s operations are comprised of three principal divisions: the wholesale division; the retail division; and the manufacturing and branded products division.
Winnipeg Free Press By: The Associated Press
NEW YORK (AP) Stocks that traded heavily or had substantial price changes Wednesday:
United Natural Foods Inc., down $6.36 to $34.26.
The natural and organic food company reported disappointing fiscal third-quarter revenue.
Comtech Telecommunications Corp., down $3.53 to $22.13.
The communications company gave investors a weak revenue forecast for the year.
Lordstown Motors Corp., up 1 cent to $11.23.
The electric truck company warned investors that it needs to raise more money.
Campbell Soup Co., down $3.20 to $45.92.
The maker of canned soup, Pepperidge Farm cookies and V8 juice reported disappointing fiscal third-quarter financial results.
Merck & Co., up $1.64 to $74.04.
The drug developer signed a supply agreement with the U.S. and Canada for a potential COVID-19 treatment.
Image courtesy of iStock.
May 6, 2021
Chicken prices have more than doubled year to date, and wing prices have set new records on account of a shortage, according to Urner Barry, a market research firm, reported The Wall Street Journal.
Boneless skinless chicken breast averaged around $1 a pound last year and is now trading at $2.04 a pound, according to the researcher, while prices for jumbo wings have risen to a record $2.92 a pound.
United Natural Foods Inc., a supermarket distributor, has seen chicken prices increase on account of higher restaurant demand, according to Chris Testa, president.
One factor is chicken sandwich price wars among fast food chains including Wendy s, McDonald s and Popeyes Louisiana Chicken. More chains, including Burger King, plan to introduce chicken sandwiches
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