United Natural Foods Inc at ICR Conference (Virtual) Transcript

Jan 10, 2022 / 02:00PM GMT
Bill Kirk - MKM Partners - Analyst

Good morning, everybody. I think now is the hour, so now it's time to start. Thank you to United Natural Foods for joining us here at this presentation at ICR. I am Bill Kirk, MKM Partners senior analyst, covering food retail, distribution, beverages, and cannabis. I am honored to be joined today by Sandy Douglas, UNFI's Chief Executive Officer. We have John Howard, Chief Financial Officer; Bob Houghton, Senior Finance Vice President; and Chris Testa, President and Chief Marketing Officer.

In my mind, what is overlooked in the UNFI story is how complete their offering is to retail partners. UNFI has more conventional assortment than their closest conventional competitor, and they have more specialty assortment than their closest specialty competitor. That breadth, that breadth makes them a favorite supplier who can offer retailers savings, while at the same time, UNFI leverages that magic of larger, fuller drops. But without much further preamble, let's get into it. Thank you gentlemen for joining us, and thank you to ICR.

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