These Analysts Boost Their Forecasts On US Foods After Upbeat Q2 Results

Benzinga Earnings08-07 18:25

US Foods Holding Corp (NYSE:USFD) on Thursday reported better-than-expected earnings for the second quarter.

The company posted quarterly earnings of $1.44 per share which beat the analyst consensus estimate of $1.36 per share. The company reported quarterly sales of $10.532 billion which beat the analyst consensus estimate of $10.461 billion.

US Foods reaffirmed FY2026 guidance, expecting net sales growth of 4%-6%, adjusted EBITDA growth of 9%-13%, and adjusted diluted EPS growth of 18%-24%.

The company reaffirmed its FY2026 adjusted EPS guidance of $4.70-$4.93, compared with analyst expectations of $4.70. It sees FY2026 revenue outlook of $41.00 billion-$41.79 billion, versus the consensus estimate of $41.44 billion.

“Our team delivered another strong quarter, highlighted by accelerating volume growth, record Adjusted EBITDA and Adjusted EBITDA margin and strong Adjusted EPS growth in what remains a challenging but stable industry environment,” said Dave Flitman, Chair of the Board and CEO.

US Foods shares rose 0.1% to $106.98 in pre-market trading.

These analysts made changes to their price targets on US Foods following earnings announcement.

  • TD Cowen analyst Andrew M. Charles maintained the stock with a Buy and raised the price target from $116 to $119.
  • BTIG analyst Peter Saleh maintained the stock with a Buy and raised the price target from $105 to $120.

Considering buying USFD stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment