US Foods Q2: Sales Beat, Reiterated FY24 Outlook & More
Portfolio Pulse from Nabaparna Bhattacharya
US Foods Holding Corp. (NYSE:USFD) reported strong Q2 results, with sales and earnings in line or exceeding expectations. The company also reiterated its FY24 outlook and completed an acquisition.
August 08, 2024 | 2:38 pm
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US Foods reported Q2 sales of $9.70 billion, beating expectations. Adjusted EPS was in line with estimates at 93 cents. The company reiterated its FY24 outlook and completed an acquisition.
US Foods' strong Q2 performance, including a sales beat and in-line earnings, along with a reiterated FY24 outlook, positively impacts investor sentiment. The acquisition of IWC Food Service further strengthens its market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100