US Foods Holding Reaffirms FY23 Guidance Introduced On Its Q3 Earnings Call On Nov. 9, 2023
Portfolio Pulse from Benzinga Newsdesk
US Foods Holding has reaffirmed its fiscal year 2023 guidance, maintaining its adjusted diluted EPS forecast at $2.60-$2.70 and its adjusted EBITDA prediction at $1.54-$1.56 billion, as previously announced on its Q3 earnings call on November 9, 2023.
January 08, 2024 | 12:00 pm
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US Foods Holding reaffirms its FY23 guidance with an adjusted EPS of $2.60-$2.70 and adjusted EBITDA of $1.54-$1.56 billion, indicating stability in its financial outlook.
Reaffirming guidance typically indicates that a company's financial performance is on track to meet expectations, which can reassure investors and stabilize the stock price. However, since this is a reiteration of previous guidance rather than new, more positive information, the short-term impact on USFD's stock price is likely to be neutral.
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