US Foods Q1 Results Top Estimates; Reaffirms FY24 Outlook

RTTNews | il y a 476
US Foods Q1 Results Top Estimates; Reaffirms FY24 Outlook

(RTTNews) - Foodservice distributor US Foods Holding Corp. (USFD) on Thursday reported first-quarter net income available to common shareholders of $82 million or $0.33 per share, up from $75 million or $0.32 per share in the prior-year quarter.

Excluding one-time items, adjusted earnings for the quarter were $0.54 per share, compared to $0.50 per share in the year-ago quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter increased 4.8 percent to $8.95 billion from $8.54 billion in the same quarter last year. Analysts expected net sales of $8.91 billion for the quarter.

Looking ahead to fiscal 2024, the company continues to project adjusted earnings in a range of $3.00 to $3.20 per share on net sales between $37.5 billion and $38.5 billion. The Street is looking for earnings of $3.10 per share on net sales of $37.82 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
US Foods Reaffirms FY23 Outlook

US Foods Reaffirms FY23 Outlook

Ahead of the meeting with analysts and investors at the ICR Conference later on Monday, foodservice distributor US Foods Holding Corp. (USFD) reaffirmed its adjusted earnings and adjusted EBITDA guidance for the full-year 2023.
RTTNews | il y a 598
US Foods Appoints Dave Flitman As New CEO

US Foods Appoints Dave Flitman As New CEO

Foodservice distributor US Foods Holding Corp. (USFD) announced Monday that Dave Flitman will become Chief Executive Officer (CEO), effective January 5, 2023. Flitman will also be a member of the US Foods Board of Directors.
RTTNews | il y a 1004
US Foods Q2 Net Profit Declines; Reaffirms FY22 Adj. EPS Outlook

US Foods Q2 Net Profit Declines; Reaffirms FY22 Adj. EPS Outlook

Foodservice distributor US Foods Holding Corp. (USFD) on Thursday reported second quarter net income available to common shareholders of $61 million or $0.27 per share, up from $46 million or $0.20 per share in the prior-year quarter.
RTTNews | il y a 1113
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | il y a 1h 31min
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | il y a 1h 42min
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | il y a 2h 4min
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | il y a 2h 11min