UNF ALERT: Bragar Eagel & Squire, P.C. is Investigating United Natural Foods, Inc. on Behalf of UNF Stockholders and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against United Natural Foods, Inc. ("UNF" or the "Company") (NYSE: UNFI) on behalf of UNF stockholders. Our investigation concerns whether UNF has violated the federal securities laws and/or engaged in other unlawful business practices.
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On March 8, 2023, UNF reported its financial results for the Company's second fiscal quarter. Among other items, UNF missed consensus estimates, reduced its outlook for 2023, and pulling its forecast for fiscal 2024. The Company claimed that "profits were challenged as we did not repeat the significant level of procurement gains from rapidly accelerating inflation and inventory gains, due to supply chain volatility, that we experinced in the second quarter of last year."
On this news, UNF's stock price fell $11.49 per share, or 28.05%, to close at $29.47 per share on March 8, 2023.
If you purchased or otherwise acquired UNF shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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