United Natural Foods announces $200 million share repurchase program

10/06/17 08:11 AM EDT

United Natural Foods Inc. (UNFI) said Friday that it has authorized a $200 million share repurchase program. United Natural Foods is a healthy food, vitamins and e-commerce company whose brands include Albert's, Woodstock Farms, and Honest Green. The company had about 50.6 million shares of outstanding common stock as of September 14, 2017. The company will fund the program with cash on hand, cash from operations and borrowings from its credit facility. United Natural Foods shares are up 0.6% in premarket trading and down 15.1% for the year so far. The S&P 500 index is up 14% for 2017 to date and the Dow Jones Industrial Average is up 15.2% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

10-06-17 0811ET

Copyright (c) 2017 Dow Jones & Company, Inc.