US Foods Hldg Q1 Adj $0.54 Beats $0.53 Estimate, Sales $8.95B Beat $8.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
US Foods Holding Corp. (USFD) reported Q1 adjusted earnings of $0.54 per share, surpassing the consensus estimate of $0.53, marking a 1.89% beat and an 8% increase from the previous year. Quarterly sales reached $8.95 billion, exceeding expectations by 0.44% and showing a 4.76% increase year-over-year.
May 09, 2024 | 10:48 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
US Foods Holding Corp. (USFD) exceeded Q1 earnings and sales estimates, showing significant year-over-year growth.
Beating both earnings and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The reported growth over the previous year further strengthens the case for a positive impact on USFD's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100