United Natural Foods(US:UNFI) Prnewswireยท2025-09-13 01:37Core Insights - United Natural Foods, Inc. has faced significant financial challenges, reporting a year-over-year decline of $6 million in gross profit and over 71% drop in net income for the fiscal 2023 second quarter, despite a 6% increase in net sales [2] - The company has reduced its adjusted EBITDA guidance by approximately $115 million, or about 13.3%, primarily due to supply chain volatility and a slowdown in inflation rates [2] - A securities class action lawsuit has been filed against the company and certain executives for failing to disclose material information, with the court allowing the case to proceed after denying the company's motion for judgment [2][3] Investigation Details - Kahn Swick & Foti, LLC is investigating whether United Natural's officers and directors breached their fiduciary duties or violated state or federal laws [3] - The investigation seeks to gather information from long-term shareholders of United Natural regarding their legal rights and any relevant information that could assist in the investigation [3] Law Firm Background - Kahn Swick & Foti, LLC is recognized as one of the top boutique securities litigation law firms in the U.S., with a focus on recovering investment losses due to corporate fraud [4] - The firm has been ranked among the top 10 nationally based on total settlement value, serving both institutional and retail investors [4]