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UNFI.US
id: 618

United Natural Foods (UNFI) Misleading Case

  • #UnitedNaturalFoods reduced its outlook for 2023 and pulled its 2024 forecast.
  • $UNFI price fell 28.05%, seriously damaging investors.
  • Investors suspect #UNF could mislead them by not providing duly and timely information.
On March 8, 2023, United Natural Foods (UNFI) reported its financial results missing consensus estimates. $UNF reduced its outlook for 2023 and pulled its forecast for fiscal 2024.  

The Company stated 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, the $UNFI price fell 28.05%, seriously damaging investors.

Taking all representations and appeared facts into account, Investors may have reasons to suspect the Company and its Leaders could mislead shareholders by not providing duly and timely information.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
08 March 2023
Collecting participants…

United Natural Foods Inc

United Natural Foods, Inc., together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It oper...

    Ticker
    UNFI.US
    ISIN
    US9111631035
    CIK
    1020859
    Sector
    Consumer Defensive
    Industry
    Food Distribution
    Country
    USA
    Address
    313 Iron Horse Way, Providence, RI, United States, 02908