US Foods Reaffirms FY23 Outlook
(RTTNews) - 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.
For fiscal 2023, the company continues to project earnings in a range of $2.60 to $2.70 per share on adjusted EBITDA between $1.54 billion and $1.56 billion.
On average, 13 analysts polled by Thomson Reuters currently expect the company to report earnings of $2.65 per share on revenues of $3.18 billion for the year.
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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.
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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.
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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.
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Sensex, Nifty Rebound In Cautious Trade
Indian shares eked out modest gains on Tuesday after suffering heaving losses in the previous session on worries about the HMPV Virus outbreak in the country.
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UK Construction Activity Growth At 6-Month Low
The UK construction sector growth softened to a six-month low in December as elevated borrowing cost and fragile consumer sentiment weighed on new orders, survey data from S&P Global showed on Tuesday. The construction Purchasing Managers' Index registered 53.3 in December, up from 55.2 in November.
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FTSE 100 Drifts Lower In Lackluster Trade
U.K. stocks are moving in a narrow range below the flat line Tuesday morning with investors digesting a mixed batch of economic data, and reacting to some corporate news.
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German Construction Activity Remains Firmly In Recession Zone
Germany's construction sector remained deep in the recession zone in December as political uncertainties damped orders, survey data from S&P Global showed on Tuesday.
The HCOB construction Purchasing Managers' Index dropped to 37.8 in December from 38.0 in November. The score was the lowest since last April and signaled a notable contraction in the sector.
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CAC Modestly Higher After Inflation Data
French stocks are up in positive territory Tuesday morning, extending gains from previous session, with investors digesting the data on the nation's consumer price inflation, and looking ahead to the euro zone consumer price data.
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