US Foods narrows FY17 adjusted EPS view to $1.30-$1.40, consensus $1.34
Now expects FY17 net sales growth of 3-5%. Previously for FY17, the company expected total case volume growth of 2-4%, net sales growth of 1-3%, adjusted EBITDA growth of 7-10% and adjusted EPS of $1.26-$1.40. "Strong Adjusted EBITDA growth of 10% and above-market independent restaurant case growth of 4.7% highlight another successful quarter for the company. We have successfully closed five acquisitions this year as we continue to focus on accretive M&A opportunities. Continued growth with targeted customers, in combination with our portfolio of value-added services, innovative products and enhanced digital platform, position us for success in the second half of the year," said President and CEO Pietro Satriano.