GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Baron Funds Comments on United Natural Foods Inc.

May 01, 2013 | About:

Shares of United Natural Foods, Inc. (UNFI), the largest distributor of natural and organic products in North America, detracted from the first quarter's performance, despite continued strong fundamentals. The company's largest customer is Whole Foods, which is experiencing robust, though moderating, growth in the face of tough comparisons.We believe United Natural Foods will continue to benefit from a greater focus on health by consumers; growth of organics from less than 10% of grocery today; and conventional supermarkets devoting more space to the category. (Matt Weiss)

From Baron Funds’ first quarter 2013 letter.


Rating: 3.3/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK