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

RTTNews | 1113 days ago
Stocktwits
US Foods Q2 Net Profit Declines; Reaffirms FY22 Adj. EPS Outlook

(RTTNews) - 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.

Excluding one-time items, adjusted earnings for the quarter were $0.67 per share, compared to $ $0.58 per share in the year-ago quarter.

Net sales for the quarter increased 15.2 percent to $8.83 billion from $7.66 billion in the same quarter last year. Total case volume and independent restaurant case volume were flat. Analysts expected net sales of $8.74 billion for the quarter.

Looking ahead to fiscal 2022, the company continues to project adjusted earnings in the range of $1.95 to $2.25 per share.

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

Tags: USFD
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US Foods Q1 Results Top Estimates; Reaffirms FY24 Outlook

US Foods Q1 Results Top Estimates; Reaffirms FY24 Outlook

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.
RTTNews | 476 days ago
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 | 598 days ago
US Foods Appoints Dave Flitman As New CEO

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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 | 1004 days ago
Japan Data On Tap For Friday

Japan Data On Tap For Friday

Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are July figures for unemployment, industrial production, retail sales, housing starts and construction orders, as well as August data for household confidence and Tokyo inflation.
RTTNews | 43 minutes ago
Euro Climbs Against Majors

Euro Climbs Against Majors

The euro firmed against its major counterparts in the New York session on Thursday.
RTTNews | 1h 14min ago
Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.
RTTNews | 4h 53min ago
European Stocks Close Weak

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.
RTTNews | 5h 12min ago
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