Why Is US Foods Holding Stock Gaining Today?
Why Is US Foods Holding Stock Gaining Today?
Dave Flitman, CEO, said, "Given our strong execution and confidence in our ability to deliver our 2027 financial targets, we believe our shares remain significantly undervalued. As a result, we will be more aggressive buying back our shares over the balance of this year."US Foods Holding Corp. (NYSE:USFD) shares are trading higher after the company announced a $211 million repurchase of shares from Sachem Head Capital Management LP.
US Foods Holding Corp.（紐交所：USFD）股票價格上漲，因該公司宣佈從Sachem Head Capital Management LP購回21100萬美元的股票。
The company inked a Purchase Agreement to buy back shares at $52.28 per share, including approximately $2 million in excise taxes.
該公司簽署了一份購買協議，以每股52.28美元的價格回購股票，其中包括約200萬美元的消費稅。
The share repurchase is part of US Foods' $1 billion program authorized on June 1, 2024, with approximately $691 million remaining.
股票回購是US Foods 於2024年6月1日授權的10億美元計劃的一部分，剩餘約69100萬美元。
Dave Flitman, CEO, said, "Given our strong execution and confidence in our ability to deliver our 2027 financial targets, we believe our shares remain significantly undervalued. As a result, we will be more aggressive buying back our shares over the balance of this year."
首席執行官Dave Flitman表示：「考慮到我們的業務執行能力和對2027年財務目標的信懇智能，我們認爲我們的股票仍然被嚴重低估。因此，我們將會更加積極地在今年餘下時間回購我們的股票。」
Last week, US Foods reported second-quarter sales of $9.70 billion, surpassing the analyst consensus of $9.64 billion, and adjusted earnings per share of 93 cents, which is in line with the street view.
上週，US Foods報道了第二季度銷售額爲97億美元，超過分析師共識的96.4億美元，調整後每股收益爲93美分，符合街道預期。
The company maintained its FY24 guidance, with net sales expected to be $37.5 billion – $38.5 billion (versus $37.87 billion estimate), adjusted EBITDA between $1.69 billion and $1.74 billion, and adjusted EPS between $3.00 and $3.20 (versus $3.11 estimate).
該公司保持其FY24指導，預計淨銷售額在375億美元至385億美元之間（估計爲378.7億美元），調整後的EBITDA在16.9億美元至17.4億美元之間，調整後的每股收益在3.00美元至3.20美元之間（估計爲3.11美元）。
Investors can gain exposure to the stock via AdvisorShares Restaurant ETF (NYSE:EATZ) and Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL).
投資者可以通過AdvisorShares Restaurant ETF（NYSE：EATZ）和Invesco Dorsey Wright Consumer Staples Momentum ETF（NASDAQ：PSL）獲得該股票的持有權。
Price Action: USFD shares are trading higher by 2.86% to $55.36 at last check Wednesday.
股票價格動態：USFD股票上漲2.86％，在週三最後交易時期爲55.36美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
- Confectionery Giant Mars To Acquire Cheez It Parent Kellanova In $35.9B Deal
- 糖果巨頭瑪氏公司以359億美元收購奶酪餅乾品牌家樂氏的母公司。
譯文內容由第三人軟體翻譯。