Piper Jaffray Cuts Price Target on United Natural Foods (UNFI) to $67 Following Albertson's Contract Termination
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/22/2026
- Nasdaq hits intraday record high on Alphabet boost, Mideast negotiation hopes
- Exclusive: SB Energy Nasdaq IPO moving forward as planned
- AI and earnings keep driving markets as focus shifts to Trump-Xi summit
- Meta bull case increasingly playing out, Mizuho says
- Oil falls to two-week low as Gulf supply outlook improves
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
United Natural Foods, Inc. Announces Termination of Albertsons Companies, Inc. Contract
July 20, 2015 4:15 PM EDTPROVIDENCE, R.I.--(BUSINESS WIRE)-- United Natural Foods, Inc. (Nasdaq: UNFI) (the "Company") today announced that its contract as a distributor to Albertsons Companies, Inc. (Albertsons), which includes the Albertsons, Safeway and Eastern Supermarket chains, will terminate on September 20, 2015, rather than upon the original contract end date of July 31, 2016.
For the Company's fiscal year ending August 1, 2015, revenue from Albertsons is expected to be approximately $410 million. The Company does not expect its fiscal fourth quarter financial results or its current fiscal 2015 guidance to be impacted by this announcement. The Company anticipates taking a one-time charge... More
