US Foods Q1 Results Top Estimates; Reaffirms FY24 Outlook

RTTNews | 475日前
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 | 597日前
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 | 1003日前
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 | 1112日前
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 39分前
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 47分前
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | 56分前
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 1時4分前