Friday, July 27, 2018 11:26:45 AM
Revenues of $13.4M
Net income -- just short of $1.4M
EPS around 4.1 cents but could be slightly lower depending on shares outstanding and IGourmet contributes slight profit
Key Assumptions:
2Q2018 over 2Q2017 --- core growth - 8%
2Q2018 over 2Q2017 --- IGourmet growth - 15% (assuming 2Q2017 share of 2017 total sales was 20%)
Obviously, the biggest assumption is core growth. So 4Q2107 over 4Q2016 was 10% with USFoods at 13% and non-USFoods at 2%. Then the sky fell in 1Q2018 with growth probably around 2% for both. Let's say weather cost 3% (a guess). Are they still growing organically or was that too much focus on the acquisition and getting it integrated or more troubling problems? If 8% core growth is too high maybe IGourmet at 15% is too low based on the 30% March over March results in the press release. Law of compensating errors?
I think the analysis of 2Q organic sales will tell us all a lot about IVFH.
Anyway, these are my thoughts. Appreciate any comments.
Recent IVFH News
- Form SCHEDULE 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 10/07/2024 02:00:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 07:14:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 04:00:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 09:21:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 12:00:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:49:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:39:52 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 07/23/2024 08:36:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:31:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:31:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:31:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:30:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:30:24 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 07/23/2024 01:57:38 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 12:29:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/20/2024 12:09:02 AM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 07/20/2024 12:07:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 09:50:05 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 07/19/2024 09:38:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 08:05:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 08:05:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/17/2024 09:04:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 09:16:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:41:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 09:10:44 PM
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM
CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • CBDL • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM