Benzinga | Nov 2, 2020 08:16AM EST

Recap: US Foods Q3 Earnings



Shares of US Foods Hldg (NYSE:USFD) rose 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 76.92% year over year to $0.15, which missed the estimate of $0.17.

Revenue of $5,848,000,000 declined by 10.46% from the same period last year, which missed the estimate of $5,870,000,000.

Looking Ahead

US Foods Hldg hasn't issued any earnings guidance for the time being.

US Foods Hldg hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 02, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.usfoods.com%2F&eventid=2626042&sessionid=1&key=A133F2E0695DC2445EE33277D5D35E8B&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $42.43

52-week low: $8.32

Price action over last quarter: down 4.65%

Company Profile

US Foods is the second- largest U.S. food-service distributor behind Sysco, holding 10% market share of the highly fragmented food-service distribution industry. US Foods distributes more than 400,000 food and nonfood products to the healthcare and hospitality industries (each about 16.5% of sales), independent restaurants (33%), national restaurant chains (22%), education and government facilities (8%), and grocers (4%). In addition to its delivery business, the firm has several Chef'Store and Smart Foodservice Warehouse cash and carry stores. After Sysco's attempt to purchase US Foods failed to gain federal approval in 2015, US Foods entered the public market via an initial public offering.