US Foods shares fell 2.8% in pre-conference trading, as the food company recorded losses for the first quarter and gave estimates that were lower than analysts had expected.
The company posted a net loss of $ 16 million, or 7 cents a share, for the quarter, after losing $ 39 million, or 18 cents a share, a year ago.
Adjusted earnings per share stood at 36 cents, higher than estimates for 22 cents.
Sales rose to $ 7.798 billion from $ 6.295 billion a year ago, up from $ 7.479 billion expected.
Sales were boosted by higher box volume and food cost inflation of 17.3% over the previous period.
Operating costs rose 19.1% to $ 1.2 billion due to higher volume and higher distribution costs, in part due to higher temporary costs and higher-than-usual food inflation.
Source: Capital
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