US Foods: Q1 Earnings Snapshot
By AP News
Published - May 11, 2023, 07:00 AM ET
Last Updated - Jun 21, 2023, 08:42 PM EDT
ROSEMONT, Ill. (AP) — ROSEMONT, Ill. (AP) — US Foods Holding Corp. (USFD) on Thursday reported first-quarter earnings of $82 million.
The Rosemont, Illinois-based company said it had profit of 32 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 50 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The company posted revenue of $8.54 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $8.52 billion.
