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Why US Foods Stock Popped 12% Today

TheMotleyFool

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Shares of food distributor US Foods Holding (NYSE: USFD) are bouncing back strongly today, up 11.6% as of 2:30 p.m. EDT, after suffering a 4.5% sell-off Thursday.

On Tuesday evening, the Pentagon announced it is awarding US Foods a $478 million contract to perform "full-line food distribution" for the Defense Logistics Agency, servicing the Air Force, Army, Marine Corps, Coast Guard, and federal civilian agencies.

Image source: Getty Images.

Source Fool.com

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