US Foods Raises FY2023 Adj EPS Guidance from $2.45-2.65 to $2.55-2.65 vs $2.59 Est
Portfolio Pulse from Benzinga Newsdesk
US Foods Holding Corp. (NYSE:USFD) has updated its FY2023 guidance, raising its adjusted EPS from $2.45-$2.65 to $2.55-$2.65, compared to the analyst estimate of $2.56. The company also increased its adjusted EBITDA and interest expense guidance, while maintaining its net debt to adjusted EBITDA leverage below 3.0x by the end of FY2023.
August 10, 2023 | 10:49 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
US Foods has raised its FY2023 adjusted EPS guidance, which is now above the analyst estimate. This could potentially lead to a positive market reaction.
US Foods has raised its FY2023 adjusted EPS guidance to a range that is now above the analyst estimate. This indicates that the company is expecting stronger performance than previously anticipated, which could lead to a positive market reaction. The increase in adjusted EBITDA and interest expense guidance also suggests that the company is expecting higher profitability and costs, respectively. However, the company's commitment to maintaining its net debt to adjusted EBITDA leverage below 3.0x by the end of FY2023 indicates a focus on financial stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100