UNFI Warehouse Workers Win Big with New Teamsters Contract

More than 300 warehouse workers at United Natural Foods Inc. (UNFI) have ratified a new five-year contract.

The new agreement was overwhelmingly supported by workers and includes wage increases of up to $8 per hour, along with Teamsters health care coverage and participation in the Teamsters Western Conference Pension Plan.

"This contract is exactly why we joined the Teamsters," said Charles Dowling, a warehouse worker and member of Local 79. "We fought hard for the pay, benefits, and protections we...

US Foods Delivers Strong Q2 Results, Raises 2025 Outlook

In its quarterly results, US Foods' strong performance showed steady progress across key areas of the business.

“Our second quarter performance underscores the strength of our team's continued focus on execution and delivering value to our customers. This momentum has fueled further market share gains with independent restaurant, healthcare and hospitality customers, resulting in record Adjusted EBITDA of $548 million and a 40 basis point increase in Adjusted EBITDA margin to a record 5.4%,” said Dave Flitman, CEO. “Looking ahead, we have a long runway...

UNFI Appoints David Best to President and CEO of Retail

United Natural Foods, Inc. (UNFI) announced the appointment of David Best to President and Chief Executive Officer of Retail effective August 17.

“I’m excited to join UNFI and accelerate the retail business during such a pivotal time for the Company,” Best said. “As a former UNFI customer and a Minnesota native, I have a great respect for the differentiated value UNFI is creating within our industry and for everything the Cub brand means to the community I call home. I’m energized by the opportunity to work with the...

Sysco Delivers Strong Q4 and Solid FY 2025 Results

Sysco announced its fourth-quarter and full-year results Tuesday morning.

"Sysco's Q4 results exceeded expectations, as improved financial outcomes were driven by Sysco-specific initiatives and improved restaurant industry traffic. Specific to our business, USFS local volumes improved sequentially by 200 bps, including a strong exit rate in June. Importantly, drivers of our progress accelerated during the quarter, with the momentum continuing in July, an encouraging signal as we begin the next fiscal year of profitable growth" said Kevin Hourican, Sysco’s Chair of the Board and Chief Executive Officer...

UNFI Restores Core Systems After Major Cyberattack Disruption

United Natural Foods Inc. (UNFI) announced that it has safely restored the core systems its customers and suppliers use after suffering a significant cyberattack earlier this month.

“With our electronic ordering and invoicing systems back online, we are delivering products to grocery stores across our network at more normalized levels,” the company said in a June 26 statement. “We are grateful to all our customers and suppliers for their patience and partnership as our UNFI associates continue working to support their needs...

US Foods Reports Third Quarter Fiscal Year 2024 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2024.

Third Quarter Fiscal Year 2024 Highlights

• Net sales increased 6.8% to $9.7 billion
• Total case volume increased 3.8%; independent restaurant case volume increased 4.1%
• Gross profit increased 8.1% to $1.7 billion
• Net income was $148 million
• Adjusted EBITDA increased 13.2% to $455 million
• Diluted EPS increased 60.5% to $0.61; Adjusted Diluted EPS increased 21.4% to $0.85...

US Foods 2024 Diner Dispatch Survey Uncovers Surprising Shifts in Diner Preferences

US Foods Holding Corp– one of America’s leading foodservice distributors – today released the results of its 2024 Diner Dispatch survey, which showcases the state of America’s relationship with dining out. Year-over-year data highlights key takeaways that can help operators make informed business decisions to help meet or exceed diner expectations. These include dine-in vs. take-out preferences, spend thresholds, and other key experiential preferences such as favorite restaurant types, wait times and the use of QR code menus...