Recap: US Foods Q1 Earnings - US Foods Hldg (NYSE:USFD)

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.

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.

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:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.39	0.49	0.37	0.05
EPS Actual	0.38	0.48	0.58	0.12
Revenue Estimate	7.65B	7.61B	6.86B	5.95B
Revenue Actual	7.64B	7.89B	7.66B	6.29B

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).

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.