US Foods Holding Shows Great Execution; Upgrading To Buy [Seeking Alpha]
US Foods Holding Corp. (USFD)
Last us foods holding corp. earnings: 2/11 06:45 am
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US:NYSE Investor Relations:
usfoods.com/investors.html
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Source: Seeking Alpha
Margins are expected to continue improving, driving faster EBITDA growth than revenue in the near-to-medium term. Ongoing cost-saving and productivity improvement initiatives should support margin expansion and drive further upside potential. Summary Following my coverage of US Foods Holding ( NYSE: USFD ) in Mar'23, for which I recommended a hold rating as I wanted to monitor how USFD executes in the tough macro environment (high rates and sticky inflation), this post is to provide an update on my thoughts on the business and stock. Since my last post, USFD has showed great execution, as seen from its growth vs consensus expectations and unit economics, which led to a strong rally in share price to the current ~$51/share. I am upgrading my rating to buy as management showed that they can execute at a high level, and the underlying demand appears to be healthy as well. Notably, I expect margins to continue improving from here, which should lead to EBITDA growing faster than rev
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USFD
News
- Here's Why US Foods Holding (NYSE:USFD) Has Caught The Eye Of Investors [Yahoo! Finance]Yahoo! Finance
- US Foods to Host 2024 Investor Day [Yahoo! Finance]Yahoo! Finance
- 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