1020859--9/27/2010--UNITED_NATURAL_FOODS_INC

related topics
{acquisition, growth, future}
{cost, regulation, environmental}
{system, service, information}
{personnel, key, retain}
{cost, operation, labor}
{capital, credit, financial}
{customer, product, revenue}
{product, market, service}
{stock, price, operating}
{condition, economic, financial}
{debt, indebtedness, cash}
{product, liability, claim}
{stock, price, share}
We depend heavily on our principal customer and our success is heavily dependent on our principal customer's ability to grow its business. Our operations are sensitive to economic downturns. Our business is a low margin business and our profit margins may decrease due to consolidation in the grocery industry. Our customers generally are not obligated to continue purchasing products from us. We have significant competition from a variety of sources. Our investment in information technology may not result in the anticipated benefits. Failure by us to develop and operate a reliable technology platform could negatively impact our business. We have experienced losses due to the uncollectibility of accounts receivable in the past and could experience increases in such losses in the future if our customers are unable to timely pay their debts to us. Our acquisition strategy may adversely affect our business and our recent expansion into Canada may not be successful. We may have difficulty managing our growth. Increased fuel costs may adversely affect our results of operations. Disruption of our distribution network could adversely affect our business. The cost of the capital available to us and any limitations on our ability to access additional capital may have a material adverse effect on our business, financial condition or results of operations. Our debt agreements contain restrictive covenants that may limit our operating flexibility. Our operating results are subject to significant fluctuations. We are subject to significant governmental regulation. Product liability claims could have an adverse effect on our business. We are dependent on a number of key executives. Union-organizing activities could cause labor relations difficulties. The market price for our common stock may be volatile.

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