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Investing.com -- United Natural Foods Inc. (NYSE:UNFI) stock rose 7% after the company disclosed it had contained unauthorized activity on its IT systems and restored core business operations.
In an SEC filing, the company revealed it had successfully addressed a cybersecurity incident first reported on June 5, 2025, which had temporarily impacted its ability to fulfill and distribute customer orders. UNFI stated it has now restored critical systems that customers and suppliers use for electronic ordering and invoicing, allowing business operations to normalize.
The company noted that while the incident led to reduced sales volume and increased operational costs in the weeks following the discovery, no personal or protected health information was compromised. UNFI expects the incident to have a material impact on its net income and adjusted EBITDA for the fourth quarter of fiscal 2025 compared to internal projections.
However, the company maintains that it holds adequate cybersecurity insurance coverage for the incident, though the full claim and settlement process will likely extend into fiscal year 2026.
UNFI plans to provide an updated financial outlook for the remainder of fiscal 2025 in July, which will include the quantitative impact of the cybersecurity incident. Despite the short-term effects, the company does not anticipate the incident will materially impact its financial condition or ability to achieve its previously disclosed longer-term strategic and financial objectives.
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