United Natural Foods has implemented a restructuring strategy to reduce costs.  Over the past six months, there have been two rounds of layoffs including elimination of positions at their Harrisburg, PA and Phoenix, AZ distribution centers.  A number of positions stated to be less than 300 were eliminated in the Providence, RI headquarters through the expedient of  outsourcing invoicing and payroll.

Charles Davis, a spokesman for the company, noted, “At UNFI we are executing a new strategy focused on creating shared value and more efficiently serving our retail and supplier partners”.

CEO, Sandy Douglas, noted, “We are confident that our new strategy and multiyear financial objectives will continue to drive performance and create sustainable value for our customers, suppliers and shareholders.

For the recently concluded FY 2024 the Company posted a loss of $(112) million on sales of $30,980 million with a negative diluted EPS of $(1.89). Total assets were $7,528 million with $35,100 million in long-term liabilities. UNFI posted a market capitalization of $1,240 million on October 29^th. The twelve-month trailing operating margin was -0.4 percent and profit margin was +0.6 percent. The return on assets attained 1.2 percent with a negative return on equity of      -6.5 percent