Wholesalers & Distributors

Strategies and insights on supply chainlogistics, workforce, and more.

Wholesalers & Distributors

Class-action suit accuses UNFI of misleading investors

Shareholders cite recent sharp declines in the grocery distributor’s net earnings and stock price.

Wholesalers & Distributors

Wakefern taps Mike Stigers as cooperative’s next president

The grocery industry veteran, who most recently served as CEO of retail at UNFI, will take the helm on June 1, upon the retirement of current President Joe Sheridan.

The grocery industry veteran and Cub Foods CEO informed the distributor of plans to resign from his post earlier this week.

Erin Horvath is now the wholesaler’s chief operating officer and Louis Martin is the new president of wholesale, the company announced Wednesday.

The C-suite executive was elevated to the EVP title since joining the distributor over a year ago.

The broadline foodservice distributor will open six new grocery stores in the Houston area, all open to the public.

“2022 was a record year, having surpassed $1 billion in adjusted EBITDA for the first time in the company’s history,” CEO Bob Eddy said Thursday.

After lackluster Q2 earnings, the wholesaler's CEO said his company is committed to major technology upgrades to improve both the customer and the supplier experience.

The Providence, Rhode Island-based wholesaler has withdrawn its long-term fiscal year 2024 financial targets citing challenges ahead. UNFI cut its fiscal year 2023 adjusted EPS forecast from $4.85-$5.15 to $3.05-$3.90.

Under the proposed change, any meat, poultry or egg product would have to be “derived from animals born, raised, slaughtered and processed in the United States” in order to be labeled as a U.S. product.

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