Mobile app version of munafa.top
Login or Join
 Learn then Earn
stockMarketNEWS

 story : US Foods stock down premarket as company posts loss and guidance that lags estimates #FinanceUSA #StockMarketNEWS US Foods Holding Corp. shares slid 2.8% in premarket trade Thursday, after the food

@stockMarketNEWS 15 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

US Foods stock down premarket as company posts loss and guidance that lags estimates #FinanceUSA #StockMarketNEWS
US Foods Holding Corp. shares slid 2.8% in premarket trade Thursday, after the food service company posted a loss for the first quarter and offered guidance that lagged estimates. The company posted a net loss of million, or 7 cents a share, for the quarter, after a loss of million, or 18 cents a share, in the year-earlier period. Adjusted per-share earnings came to 36 cents, ahead of the 22 cent FactSet consensus. Sales rose to .798 billion from .295 billion a year ago, also ahead of the .479 billion FactSet consensus. Sales were driven by higher total case volume and food cost inflation of 17.3% compared to the year-earlier period, the company said in a statement. Operating costs rose 19.1% to .2 billion, due to greater volume and higher distribution costs, in part due to higher temporary labor costs and higher than normal wage inflation. Those were partially offset by cost savings elsewhere. The company said it is backing guidance offered in February for full-year adjusted EPS of .80-.10, compared with a FactSet consensus of .26. Shares have fallen 2.5% in the year to date, while the S&P 500 has fallen 17%.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme