2023-05-11 06:48:12 ET
- US Foods press release ( NYSE: USFD ): Q1 Non-GAAP EPS of $0.50 beats by $0.08 .
- Revenue of $8.54B (+9.5% Y/Y) beats by $50M .
- Total case volume increased 5.7%; independent restaurant case volume increased 8.1%
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The Company is reaffirming its fiscal year 2023 guidance provided on February 16, 2023.
- Adjusted EBITDA of $1.45-$1.51 billion
- Adjusted Diluted EPS of $2.45-$2.65 vs $2.56 consensus
- Interest expense of $310-$325 million
- Total capital expenditures of $410-$430 million, consisting of $290-$310 million of cash capital expenditures and ~$120 million of fleet capital leases
- Net Debt to Adjusted EBITDA leverage below 3.0x by end of fiscal year 2023
For further details see:
US Foods Non-GAAP EPS of $0.50 beats by $0.08, revenue of $8.54B beats by $50M