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

RTTNews | 876 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 | 239 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 | 361 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 | 767 days ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a positive start, Swiss stocks retreated and moved along the flat line right till the end of the day's trading session on Friday, as investors, returning to the market after New Year holidays, refrained from making significant moves.
RTTNews | 7h 37min ago
European Stocks Close Weak After Cautious Session

European Stocks Close Weak After Cautious Session

European stocks closed weak on Friday, retreating after scoring strong gains on the first session of Year 2024. Losses in automobile, luxury and travel sectors weighed on the markets on a day when investors largely stayed cautious, looking for directional clues.
RTTNews | 7h 58min ago
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