United Natural Foods Agreed to Settle $39M With Investors over Profit Claims

Hey guys, if you missed it, United Natural Foods ($UNFI) just agreed to settle $39 million with investors over claims that the company hid how inflation-related inventory gains were boosting its profits. The settlement terms have already been submitted to the court for approval.

In a nutshell, UNFI was accused of making its profits look stronger by buying extra inventory before expected price increases. Those gains helped hide rising labor costs and other challenges.

After UNFI cut its profit outlook in 2023, the stock dropped 28%, and investors filed a lawsuit.

The company has now agreed to a $39 million settlement. If you invested in $UNFI during that period, you can check the details and file your claim [here](https://11th.com/cases/unfi-investors-settlement).

Anyway, did anyone here invest in $UNFI at that time? How much did you lose, if so?