US Foods Sees FY24 Revenue Of $37.5B - $38.5B Vs. $37.82B Est; Adj EPS of $3.00 - $3.20 Vs. $3.1 Est.
Portfolio Pulse from Benzinga Newsdesk
US Foods projects its FY24 revenue to be between $37.5B and $38.5B, surpassing the estimated $37.82B. The company also forecasts its adjusted EPS to range from $3.00 to $3.20, closely aligning with the $3.1 estimate.
May 09, 2024 | 10:50 am
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POSITIVE IMPACT
US Foods anticipates higher FY24 revenue and an adjusted EPS that meets expectations, indicating a positive outlook.
The projection of higher than expected revenue and an adjusted EPS that aligns with analyst estimates suggests a strong financial performance and operational efficiency. This positive outlook is likely to instill investor confidence and could lead to an uptick in USFD's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100