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Cyberattack Disclosure Continues to Rattle United Natural Foods Stock


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United Natural Foods gave a cautious outlook as it continues to weigh the impact of a cyberattack.

United Natural Foods, Inc. (UNFI) experienced a significant stock price drop following the disclosure of a cybersecurity attack that occurred on or around December 6, 2022, which was revealed to the public on February 23, 2023. The company, a major distributor of natural, organic, and specialty foods, stated that the attack disrupted operations and led to unauthorized access to certain company and employee data. Despite the breach being contained, UNFI's stock fell by 9.5% on the day of the announcement, reflecting investor concerns over potential financial and reputational damage. The company is still assessing the full impact of the incident and has not yet determined if the breach will materially affect its financial condition or operations, but it has engaged third-party cybersecurity experts to aid in the investigation and recovery process.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/cyberattack-disclosure-continues-to-rattle-united-natural-foods-stock-11751356 ]

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