27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
US Foods Holding Corp. (NYSE:USFD) reported fourth-quarter revenue of $8.936 billion, beating the street view of $8.791 billion. Net sales increased 4.9% year over year.
Total case volume increased 5.6% in the quarter under review, while independent restaurant case volume increased 7.3%.
Fourth quarter gross profit increased 9.4% to $1.6 billion, while adjusted EBITDA increased 10.9% to $388 million. Adjusted EBITDA margin was 4.3%, an increase of 23 basis points compared to the prior year.
Fourth quarter gross profits gained from increased total case volume, cost of goods sold optimization, optimized pricing, and a favorable year-over-year LIFO adjustment.
“Through execution of our strategy and long-range plan, we captured profitable market share and enhanced margins,” said Dave Flitman, CEO. “This resulted in record full-year 2023 Adjusted EBITDA of $1.56 billion,” Flitman added.
During the fourth quarter, the company acquired Saladino’s Foodservice, an independently owned broadline distributor based in central California for a purchase price of $56 million.
Net Debt at the end of fiscal year 2023 was $4.4 billion. The company exited the quarter with cash and equivalents worth $269 million.
Quarterly adjusted diluted earnings per share increased 16.4% to 64 cents, missing the street view of 67 cents.
Outlook: For the first quarter, the company sees adjusted EBITDA of $340 million to $355 million.
For FY24, the company sees net sales of $37.5 billion to $38.5 billion (estimate: $37.32 billion), with adjusted EPS of $3.00-$3.20 (estimate: $3.23).
Price Action: USFD shares are trading lower by 0.53% to $46.70 premarket on the last check Thursday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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