US Foods Reaffirms Its Fiscal 2024 Guidance With Net Sales Of $37.5B-$38.5B Versus Consensus Of $37.87B, Adjusted EBITDA Of $1.69B-$1.74B And Adjusted EPS Of $3.00-$3.20 Versus Consensus Of $3.10
Portfolio Pulse from Benzinga Newsdesk
US Foods has reaffirmed its fiscal 2024 guidance, projecting net sales between $37.5 billion and $38.5 billion, adjusted EBITDA between $1.69 billion and $1.74 billion, and adjusted EPS between $3.00 and $3.20. These figures are in line with or slightly above consensus estimates.
June 05, 2024 | 10:53 am
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US Foods has reaffirmed its fiscal 2024 guidance, projecting net sales between $37.5 billion and $38.5 billion, adjusted EBITDA between $1.69 billion and $1.74 billion, and adjusted EPS between $3.00 and $3.20. These figures are in line with or slightly above consensus estimates, which should provide stability and potentially positive sentiment for the stock.
The reaffirmation of guidance in line with or slightly above consensus estimates should provide stability and potentially positive sentiment for US Foods' stock. Investors often view reaffirmed guidance as a sign of confidence from management.
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