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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193 days ago
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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721 days ago
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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830 days ago
Dollar Slips Against Major Counterparts
The U.S. dollar drifted lower on Monday as bond yields fell, and the Euro gained in strength after European Central Bank Governing Council member Nagel said central banks may have to raise rates in the event of inflationary pressures rise.
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5h 12min ago
Canadian Market Modestly Higher, Looks Headed For Positive Close
The Canadian market is up in positive territory Monday afternoon with energy and materials shares recording strong gains thanks to higher commodity prices. The mood remains a bit cautious amid concerns about geopolitical tensions, and uncertainty about the Federal Reserve's monetary policy moves.
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7h 27min ago
Swiss Market Ends Marginally Up
The Switzerland market closed marginally up on Monday after spending much of the day's session in negative territory. It was a lackluster session with investors looking for directional cues and refraining from making significant moves.
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8h 22min ago
European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Monday as the mood remained cautious right through the day's session amid concerns over potential impacts of U.S. President-elect Donald Trump's global economic policies, and persisting worries about the tensions in the Middle East, and the Russia - Ukraine war.
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9h 6min ago
U.S. Homebuilder Confidence Improves Much More Than Expected In November
Homebuilder confidence in the U.S. has improved by much more than anticipated in the month of November, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 46 in November after rising to 43 in October. Economists had expected the index to inch up to 44.
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12h 5min ago
