Thread regarding UNFI (United Natural Foods Inc.) layoffs

Yes, UNFI needed a global pandemic to relevant. Sounds like a solid business model if you ask me!

So during this whole COVID-19 thing, UNFI has been booming. Meanwhile, US Foods and Performance Group had to bailed out because their business is restaurant and schools, and they were going to lay off people. So UNFI gave them positions in the UNFI warehouse, and UNFI sent product to their warehouse so they could help pick UNFI product. This just goes to show that UNFI stock is vastly undervalued right now, and that UNFI ain't going nowhere. Once this new warehouse in Riverside is online and running, sh– is going to get even better.

UNFI kept C&S Grocers from getting into the Milwaukie Oregon DC. Apparently C&S wanted the DC intact with the existing employees. Instead, UNFI will soon shut down the DC & layoff around 300 workers.
Thanks UnFit

Supervalu was going bankrupt way before they were bought by UNFI. In a large way UNFI helped all Supervalu associates keep their jobs. Of course in the short term, the smaller inefficient warehouse will closed at some point. I know it s—s for those who are at those locations, but it is necessary so that the combined company can be successful. Union strikes in futile attempts to keep inefficient DC’s open isn’t helping. The combined company offers many locations in which you can transfer, why not consider that option. This is true whether you are at a union or non union facility. If staying in the local union is necessary have them find you a new position locally, that’s why you pay union dues. Make no mistake... UNFI as well as the teamsters union are for profit company’s. Both will claim to be for their people, but will act as necessary to preserve their interests. Do the same and find a position at a prospering facility or find a new job where you can be happy there. Nobody likes change, but it can prove better in the long run.

I can't wait to get out of here. The raises this year were a slap in the face.

Why is it so hard for people to see it is the financial people who are the problem? most of them have not been there long and should never have been hired in the first place. the 1 or 2 that have been there decades are useless. they only have one company experience. until they clean house in the finance department nothing will get better.

Anyone else laugh at the 'Don't worry, everything is just fine' tour through the C-level MN a few weeks ago?

I'm now following their example, let my numbers slip by 90% long term. If the CEO can keep his job after such poor performance so can I.

The combined UNFI/SuperValu new company market cap is valued LESS than the sale/lease-back Supervalu performed on individual facilities last year. The stock went from ~$36 to $8 in 12 months. How is that $3 billion in debt working out for a ~$430 million dollar company? Let’s ask the stock price.

$UNFI is already trading at low PE like it has a debt problem, when it doesnt. (1) (04-27-19): Current Assets exceed Current Liabilities by $1,532,954,000, which is $443,264,000 better than last year. (2) It has access to about one billion dollars cash. (3) EBITA (without non-recurring & non-cash expenses): $279,676,000 compared to $254,843,000 last year (better). (4) While interest expense is 121,149,000, non-cash depreciation/amortization ADD BACK of $169,780,000 more than covers it by $48,631,000. (5) Net Operating Cash Flow (after interest is deducted): $77,190,000 is much better than -$31,276,000 last year. They even have positive and higher cash flow during their integrating with SuperValu. (6) Proceeds from sale of assets and Goldman litigation coming can be paid on debt (CUB and other). (7) Synergies income/expenses coming (cross selling, much more capacity, less DCs). SO MORE CASH ON LESS COMBINED EXPENSES (than UNFI-Supervalu had as separate

No sh!t sherlock