Foodservice distributor US Foods Holding up as quarterly sales, profit beat
BUZZ-Foodservice distributor US Foods Holding up as quarterly sales, profit beat ** Shares of foodservice distributor U.S. Foods Holding USFD.N up ~4% at $104.07 premarket
** 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)
Recent news on US Foods Holding
See all newsBrief: Teamsters Ratify Four-Year Contract With 70% Wage Increases For US Foods Workers
Brief: US Foods Enters Fourteenth Amendment To Term Loan Credit Agreement On Oct 2 - SEC Filing
Brief: Tesla Exec Says Delivering Semi Trucks Starting This Week
U.S. STOCKS ON THE MOVE-Braveheart Bio, Paysign, Hertz Global
Foodservice distributor US Foods Holding hits record high on upbeat quarter