United Natural Foods Plunges as Albertsons Contract Canceled
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United Natural Foods Inc. fell the most in more than seven years after announcing the early termination of a contract with supermarket company Albertsons Cos.
The Providence, Rhode Island-based company will stop acting as a distributor to Albertsons in September, 10 months ahead of schedule, according to a statement on Monday. Under the deal, United Natural Foods supplied products to the Albertsons, Safeway and Eastern Supermarket grocery chains.