Foodservice distributor US Foods Holding Corp. (USFD) on Thursday reported first-quarter net income available to common shareholders of $82 million or $0.33 per share, up from $75 million or $0.32 per share in the prior-year quarter.
Excluding one-time items, adjusted earnings for the quarter were $0.54 per share, compared to $0.50 per share in the year-ago quarter.
On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter increased 4.8 percent to $8.95 billion from $8.54 billion in the same quarter last year. Analysts expected net sales of $8.91 billion for the quarter.
Looking ahead to fiscal 2024, the company continues to project adjusted earnings in a range of $3.00 to $3.20 per share on net sales between $37.5 billion and $38.5 billion. The Street is looking for earnings of $3.10 per share on net sales of $37.82 billion for the year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.