United Natural Struggles With Millbrook Integration

United Natural Foods saw its stock plummet on Friday after an earnings report that detailed challenges in its Millbrook Distribution division, which it acquired late last year.

DAYVILLE, Conn. — United Natural Foods here saw its stock plummet on Friday after an earnings report that detailed challenges in its Millbrook Distribution division, which it acquired late last year. “We had originally forecasted being able to restore historical gross margins at Millbrook as well as reduce some initial overhead to be neutral to our earnings within the first four to five months,” said Michael Funk, president and chief executive officer, United. “We now believe it will take ano

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