Foodservice distributors including Sysco, US Foods fall on report Amazon wants to enter space [CNBC]
US Foods Holding Corp. (USFD)
Last us foods holding corp. earnings: 2/11 06:45 am
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usfoods.com/investors.html
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Source: CNBC
Amazon may want to dive into foodservice distribution, potentially shaking up an industry now dominated by three large players, according to a report. "The risk has increased that AMZN becomes a disruptor to foodservice distribution models," said JPMorgan analyst John Ivankoe in a research note published Friday. It said Amazon could do it through building its own operation or through an acquisition of an existing player in the industry. The report is sparking a selloff in foodservice distribution stocks as some investors worry Amazon's entry would squeeze profit margins in an industry already known for stiff competition and tight margins. And it comes just a week after Amazon announced plans to pay $13.7 billion for Whole Foods , the major organic and natural foods grocery chain. In trading, Sysco stock is down 5 percent and US Foods and Performance Food Group are both off more than 4 percent. Amazon shares were up fractionally. On Friday, JPMorgan also rem
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News
- Here's Why US Foods Holding (NYSE:USFD) Has Caught The Eye Of Investors [Yahoo! Finance]Yahoo! Finance
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- US Foods to Host 2024 Investor DayBusiness Wire
- US Foods Holding Corp. (NYSE: USFD) had its price target raised by analysts at Morgan Stanley from $60.00 to $62.00. They now have an "overweight" rating on the stock.MarketBeat
- US Foods to Host First Quarter 2024 Financial Results Conference Call and WebcastBusiness Wire
USFD
Earnings
- 2/15/24 - In-Line
USFD
Sec Filings
- 4/9/24 - Form 4
- 4/2/24 - Form ARS
- 4/2/24 - Form DEFA14A
- USFD's page on the SEC website