US Foods rises after posting higher Q4 profit, sales

US Foods Holding

15/02/2024 19:00

** Shares of food service distributor US Foods  USFD.N  rise
3.1% to $48.39
    ** Co reports Q4 net sales up 4.9% to $8.9 bln
    ** USFD's Q4 total case volume increases 5.6%, while
independent restaurant case volume climbs 7.3%
    ** "Through execution of our strategy and long-range plan,
we captured profitable market share and enhanced margins" - CEO
Dave Flitman 
    ** Adjusted diluted EPS rises 16.4% to 64 cents in Q4 
    ** USFD's FY24 sales rise 4.5% to $35.6 bln
    ** Stock climbed 33% in 2023 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))