UNITED NATURAL FOODS INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of United Natural Foods, Inc.

Core 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 its 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 inflation deceleration [2] - A securities class action lawsuit has been filed against the company and its executives for allegedly failing to disclose material information, with the court allowing the case to proceed [2][3] Investigation Details - Kahn Swick & Foti, LLC is investigating whether United Natural's officers and/or directors breached their fiduciary duties to shareholders or violated state or federal laws [3] - The investigation is ongoing, and KSF is seeking information from long-term shareholders to assist in their inquiry [4]