Whole Foods struggles with shortages
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Transportation-related issues in the New York City area played a role in the distributor’s decision to exit its contract with the grocer and shutter a distribution center it built to serve the chain.
UNFI sees progress in its turnaround, but high debt and competition pose risks. Read more on why the stock may be overvalued despite management efforts.
One of the largest food wholesale distributors in the US has suffered a data breach. Currently, the full impact is unclear.
Key Takeaways United Natural Foods gave a cautious outlook as it continues to weigh the impact of a cyberattack.The food distribution company that is a key supplier to Amazon's Whole Foods Markets limited updates of its full-year guidance as it deals with the hack.
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $25.25, a high estimate of $26.00, and a low estimate of $24.00. Observing a downward trend, the current average is 19.2% lower than the prior average price target of $31.25.
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1don MSN
In an internal memo obtained by the outlet, Whole Foods told staffers that the cyberattack on UNFI is its “ability to select and ship products from their warehouses.”
United Natural Foods, a major food distributor for Whole Foods, cut its profit outlook for the year due to costs from the end of its contract with grocer Key Food.
The cuts come as the grocery wholesaler and main distributor to Whole Foods saw its stock plummet after announcing a cyberattack.