All articles tagged with #united natural foods
A major cyberattack on United Natural Foods has disrupted food distribution to grocery stores like Whole Foods, leading to limited stock and empty shelves across the country. The company is working to restore services and investigate the incident, but shortages are ongoing, causing concern among shoppers.
United Natural Foods, the distributor for Whole Foods, experienced a cyberattack leading to system shutdowns and empty shelves at stores nationwide. The company is investigating the incident with forensic experts and law enforcement, but few details are available. The disruption is expected to last several days, raising concerns about food supply security.
United Natural Foods, the main distributor for Whole Foods, experienced a cyberattack that led to system shutdowns, potentially disrupting supply chains for over 30,000 retail locations across North America. The company is working with law enforcement and cybersecurity experts to address the incident, which comes amid increased ransomware activity targeting American companies. The situation may impact product availability and customer orders in the short term.
Cintas shares fell after the company reported its fiscal first-quarter earnings, beating revenue forecasts but falling slightly short on earnings per share. Pinterest shares declined after HSBC initiated coverage with a buy rating. United Natural Foods saw a significant drop in shares after forecasting earnings below analysts' estimates. Fisker shares climbed after Bank of America initiated coverage with a buy rating. Bank stocks, including Wells Fargo and Goldman Sachs, declined after JPMorgan Chase CEO Jamie Dimon warned of potential interest rate hikes. SiriusXM shares slipped following a proposal from Liberty Media to combine the two corporate structures. DraftKings shares jumped after JPMorgan upgraded the stock. Barclays shares rose after Morgan Stanley upgraded the bank. Amazon shares dropped after the FTC and state attorneys general sued the company for alleged antitrust violations.
Fisker's shares surged after Bank of America reinstated coverage with a buy rating, citing its exposure to the growing EV market and lower-risk business model. Tesla's shares slipped as the European Union reportedly plans to probe the company over its China exports. Barclays' shares rose after Morgan Stanley upgraded the U.K. bank, citing growth in its credit card business and improved investment banking outlook. DraftKings' stock jumped after JPMorgan upgraded the sports betting company, seeing an attractive entry point for investors. Thor Industries warned of declining net sales, causing its shares to slip, while United Natural Foods' shares sank after the company forecasted lower earnings and revenue.
United Natural Foods Inc.'s stock plummeted by 16.5% after the company reported a fiscal fourth-quarter loss and lower-than-expected sales. The grocery wholesaler experienced a net loss of $68 million, citing decreased inflation-driven procurement gains and elevated shrink as the primary reasons for declining profitability. The company warned of continued weakness in 2024 and expects ongoing volume headwinds as consumers adapt to higher costs. United Natural Foods plans to add three independent directors to its board to improve profitability and customer service. The stock has fallen 51% year-to-date.
United Natural Foods shares plunged more than 20% after the release of the firm's quarterly report, while Campbell Soup reported Q3 non-GAAP EPS of $0.68, edging past expectations of $0.65. Couchbase shares dropped nearly 17% before the opening bell, despite Q1 results that topped expectations. GameStop is scheduled to report its quarterly results after the closing bell.
United Natural Foods' stock fell by double digits after the company reported lower earnings than expected and reduced its financial forecasts for the second time in a few months.