Foodservice distributor US Foods Holding hits record high on upbeat quarter
06/08/2026 17:27
BUZZ-Foodservice distributor US Foods Holding hits record high on upbeat quarter Updates
** Shares of foodservice distributor US Foods Holding USFD.N up as much as 10% at $110.09 in noon trading
** If gains hold, stock on track for best day since February 2026
** Co beats second-quarter sales, profit estimates, boosted by resilient demand from independent restaurants
** Reports quarterly sales of $10.53 billion, beating analysts' estimates of $10.46 billion - data compiled by LSEG
** Q2 adjusted profit came in at $1.44, also beating expectations of $1.36
** Co reaffirms its fiscal year 2026 net sales growth forecast of 4% to 6%
** As of last close, USFD up ~33% YTD
(Reporting by Shania S Thomas in Bengaluru)
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Foodservice distributor US Foods Holding hits record high on upbeat quarter