On June 9, natural and organic food products wholesale distributor, United Natural Foods, Inc. (UNFI), reported on a cyberattack impacting its systems. UNFI shared: "We have identified unauthorized activity in our systems and have proactively taken some systems offline while we investigate. As soon as we discovered the activity, an investigation was initiated with the help of leading forensics experts and we have notified law enforcement. We are assessing the unauthorized activity and working to restore our systems to safely bring them back online. As we work through this issue, our customers, suppliers, and associates are our highest priority. We are working closely with them to minimize disruption as much as possible."
In a positie update on June 26, the company shared: "We have safely restored the core systems our retail customers and suppliers use to do business with us, and the incident has been contained. With our electronic ordering and invoicing systems back online, we are delivering products to grocery stores across our network at more normalized levels. We are grateful to all our customers and suppliers for their patience and partnership as our UNFI associates continue working to support their needs."
In its 8-K, UNFI reported: "The Company has continued to closely monitor the effect of the incident on its business, financial condition, and results of operations. In the weeks following the incident, the Company experienced reduced sales volume and increased operational costs as the Company worked to drive solutions-oriented results for its customers. The Company has also incurred, and expects to continue to incur, direct expenses related to the investigation and remediation of the incident."
Looking ahead, UNFI reported that
it intends to provide an update on its financial outlook for the remainder of fiscal year 2025 in July. The report will reflect the "strong operating results through the third quarter of fiscal 2025 and performance in the fourth quarter of fiscal 2025," and this will include the anticipated quantitative impact of the cyberattack. UNFI added that it does not expect the incident to have a material impact on its financial condition or ability to achieve its longer-term strategic and financial objectives.
