United Natural Foods Inc at Oppenheimer Consumer Growth & E-Commerce Conference Transcript

Feb 11, 2024

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Jun 18, 2019 / 12:40PM GMT
Rupesh Dhinoj Parikh - Oppenheimer & Co. Inc., Research Division - MD & Senior Analyst

My name is Rupesh Parikh and I'm senior food, grocery and consumer products analyst at Oppenheimer. So we're very pleased to introduce our next presenting company, United Natural Foods. Joining us today on stage is Steve Spinner, Chairman and CEO of UNFI; and Steve Bloomquist, Vice President of Investor Relations.

So for those of you who are not as familiar with United Natural Foods, the company is the largest natural organic distributor in the U.S. and Canada. Whole Foods remains a key customer, representing about 18% of sales in recent quarters. So last year, the company acquired U.S. grocery wholesaler and retailer, SUPERVALU.

Questions and Answers:

Rupesh Dhinoj Parikh - Oppenheimer & Co. Inc., Research Division - MD & Senior Analyst

So Steve, I wanted to start off touching on a few items, following your most recent quarter reported a couple of weeks ago that have been quite topical amongst investors.

So first, on the core UNFI

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