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US Foods Q2: Sales Beat, Reiterated FY24 Outlook & More
US Foods Holding Corp. (NYSE:USFD) shares are trading higher after the company reported second-quarter results.
The company reported adjusted earnings per share of 93 cents, in line with the street view.
Quarterly sales of $9.70 billion (+7.7%) outpaced the analyst consensus of $9.64 billion.
Total case volume increased by 5.2%, with independent restaurant case volume up by 5.7%.
Gross profit rose 7.2% to $1.7 billion, and net income was $198 million. Adjusted EBITDA grew 13.2% to $489 million.
Net debt ...