<div id="readability-page-1"><div> <div> , /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick &amp; Foti, LLC (&#34;KSF&#34;), announces that KSF has continued its investigation into United Natural Foods, Inc. (&#34;United Natural&#34; or the &#34;Company&#34;) (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 &#34;lower procurement and inventory gains, resulting from, among several things, supply chain volatility, and a deceleration in the sequential rate of inflation.&#34; 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 federal securities laws. Recently, the court presiding over that case denied the Company's Motion for Judgment on the Pleadings, again allowing the case to move forward. KSF's investigation is focusing on whether United Natural's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of United Natural shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-unfi/ to learn more. About Kahn Swick &amp; Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick &amp; Foti, LLC Lewis Kahn, Managing Partner [email protected] 1-877-515-1850 1100 Poydras St., Suite 960 New Orleans, LA 70163 CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn SOURCE Kahn Swick &amp; Foti, LLC <img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMTIwJk5ld3NJdGVtSWQ9REE2NzAyNSZUcmFuc21pc3Npb25fSWQ9MjAyNjAxMjAxNjMyUFJfTkVXU19VU1BSX19fX19EQTY3MDI1?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMTIwJk5ld3NJdGVtSWQ9REE2NzAyNSZUcmFuc21pc3Npb25fSWQ9MjAyNjAxMjAxNjMyUFJfTkVXU19VU1BSX19fX19EQTY3MDI1"/></div> </div></div>

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Kahn Swick & Foti, LLC continues its investigation into United Natural Foods, Inc. (UNFI) following a securities class action lawsuit against the company and its executives for failing to disclose material information. The investigation focuses on potential breaches of fiduciary duties by the company's officers and directors. UNFI reported significant declines in gross profit and net income for Q2 2023, despite a rise in net sales, and reduced its adjusted EBITDA guidance due to supply chain issues and inflation. The court has allowed the lawsuit to proceed.

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16:32 ET
			
			
				United Natural Foods Investigation Continued: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of United Natural Foods, Inc. - UNFI

16:32 ET United Natural Foods Investigation Continued: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of United Natural Foods, Inc. - UNFI