1242 ET - US Foods Holdings is standing by its 2024 guidance despite suggestions that sales were choppy in 4Q, BTIG analysts Peter Saleh and Ben Parente say in a research note after attending the ICR consumer conference. Management's commentary indicated that sales improved after the two hurricanes in the Southeast, but were hurt by the shortened holiday season, the analysts say. Management also noted that wildfires in Southern California have weighed on trends, though other operators suggest that the hotel and hospitality industry, which US Foods serves, has been a beneficiary, they say. The analysts expect US Foods to deliver on its forecasts thanks to healthy demand for food away from home. Shares rise 1.5% to $67.93. (dean.seal@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 12:42 ET (17:42 GMT)
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