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

RTTNews | 1192 dagar sedan

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

Taggar: 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 | 555 dagar sedan

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 | 677 dagar sedan

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 | 1083 dagar sedan

U.S. Dollar Falls Against Euro, Pound

U.S. Dollar Falls Against Euro, Pound

The U.S. dollar fell against the euro and the pound in the New York session on Friday.

RTTNews | 1 dag sedan

Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

Save for a brief while around mid morning when it edged slightly above the flat line, Switzerland's benchmark index SMI remained in negative territory on Friday amid concerns about high tech valuation and fading hopes of an interest rate cut by the Federal Reserve next month.

RTTNews | 1 dag sedan

European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes

European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes

European stocks closed weak on Friday amid concerns about high tech valuations, and fading hopes of a Federal Reserve rate cut next month following hawkish comments from a few central bank officials.

RTTNews | 1 dag sedan

Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise

Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise

After opening with a big negative gap and dropping further down into the red Friday morning, the Canadian benchmark S&P/TSX Composite Index recovered gradually and was up modestly above the flat line a little past noon.

RTTNews | 1 dag sedan

Bay Street Likely To Open On Weak Note

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Lower Canadian and U.S. futures and weak metal prices point to a negative open for stocks on Bay Street Friday morning. Energy stocks may find some support thanks to higher crude oil prices and help limit the downside.

RTTNews | 1 dag sedan

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