United Natural Foods Inc. stock fell 26.5% on Wednesday, en route to its largest-ever one-day percentage decline, after concerns were raised at CFRA about the permanent loss of the Whole Foods contract. Whole Foods Market is part of the Amazon.com Inc. portfolio. "[I]f United Natural's contract with Whole Foods doesn't get renewed by 2025, United Natural's share price could plummet," wrote CFRA's Arun Sundaram in a note. United Natural reported a fiscal first-quarter earnings miss during the Wednesday premarket. United Natural shares are down 45.4% over the past year while the S&P 500 index is up 19%. Read More...
United Natural Foods Inc. stock fell 26.5% on Wednesday, en route to its largest-ever one-day percentage decline, after concerns were raised at CFRA about the permanent loss of the Whole Foods contract. Whole Foods Market is part of the Amazon.com Inc. portfolio. “[I]f United Natural’s contract with Whole Foods doesn’t get renewed by 2025, United Natural’s share price could plummet,” wrote CFRA’s Arun Sundaram in a note. United Natural reported a fiscal first-quarter earnings miss during the Wednesday premarket. United Natural shares are down 45.4% over the past year while the S&P 500 index is up 19%.
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