NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of United Natural Foods, Inc. (“UNF” or the “Company”) (NYSE: UNFI). Investors who purchased UNF securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/unfi.
The investigation concerns whether UNF has violated federal securities laws.
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 experienced 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 are aware of any facts relating to this investigation or purchased UNF shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/unfi. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.