US Foods' Fiscal Q3 Adjusted Earnings, Net Sales Increase; 2024 Guidance Updated

MT Newswires Live
2024-11-07

US Foods Holding (USFD) reported fiscal Q3 adjusted earnings Thursday of $0.85 per diluted share, up from $0.70 a year earlier.

Analysts polled by Capital IQ expected $0.83.

Net sales for the quarter ended Sept. 28 were $9.73 billion compared with $9.11 billion a year earlier.

Analysts surveyed by Capital IQ estimated $9.72 billion.

US Foods narrowed its full-year adjusted EPS forecast to $3.05 to $3.15, from $3.00 to $3.20 previously. Analysts surveyed by Capital IQ expect $3.06.

Net sales for the year are now expected to be between $37.7 billion to $38.0 billion, compared to $37.5 billion to $38.5 billion previously. Analysts surveyed by Capital IQ estimate $37.84 billion.

Shares of US Foods were 0.6% higher in premarket trading.

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