United Natural Foods delivered 4.8% revenue growth in the three months to Oct. 31 after the food wholesaler’s focus on retail rather than food service paid off. The company’s President, Christopher Testa noted “the grocery supply chain was stressed” during the pandemic and notes some retailers have cut the number of products offered by 5% to 10%. Testa also stated the firm has “the scale to procure new products” once demand normalizes. U.S. seaborne imports linked to United climbed 34.2% year over year in the three months to Oct. 31 on higher shipments of beverages and sauces. There’s si...
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