Recap: US Foods Q1 Earnings

US Foods Hldg USFD reported its Q1 earnings results on Thursday, May 12, 2022 at 06:50 AM.

Here's what investors need to know about the announcement.

Earnings

US Foods Hldg missed estimated earnings by 45.45%, reporting an EPS of $0.36 versus an estimate of $0.66.

Revenue was up $1.50 billion from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 1.11% drop in the share price the next day.

Here's a look at US Foods Hldg's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

US Foods Hldg management provided guidance for FY 2022, expecting earnings between $1.8 and $2.1 per share.

To track all earnings releases for US Foods Hldg visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.