DAYVILLE, Conn. — United Natural Foods here saw its stock plummet on Friday after an earnings report that detailed challenges in its Millbrook Distribution division, which it acquired late last year. “We had originally forecasted being able to restore historical gross margins at Millbrook as well as reduce some initial overhead to be neutral to our earnings within the first four to five months,” said Michael Funk, president and chief executive officer, United. “We now believe it will take ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.