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UNITED NATURAL FOODS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of United Natural Foods, Inc. - UNFI

United Natural Foods, Inc. (UNFI) 
Last united natural foods, inc. earnings: 3/11 06:58 am Check Earnings Report
Company Research Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into United Natural Foods, Inc. (“United Natural” or the “Company”) (NYSE: UNFI).In March 2023, the Company disclosed year-over-year declines of $6 million in gross profit and over 71% in net income and earnings per diluted share for its fiscal 2023 second quarter, despite a 6% increase in net sales, and slashed its guidance for adjusted EBITDA guidance by approximately $115 million, or approximately 13.3% due primarily to “lower procurement and inventory gains, resulting from, among several things, supply chain volatility, and a deceleration in the sequential rate of inflation.”Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating feder Show less Read more
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