US Foods Earnings Reports

US Foods reported a 6.2% YoY increase in revenue to $9.49 billion, driven by strong case volume growth and food cost inflation. However, net income declined 55.1% due to a one-time pension settlement expense and LIFO adjustment impact. Adjusted EBITDA increased 13.7% to $441 million, with margin expansion of 30 basis points.

US Foods reported a 6.8% increase in net sales to $9.7 billion and an 8.1% increase in gross profit to $1.7 billion. Net income increased by 55.8% to $148 million, and Adjusted EBITDA grew by 13.2% to $455 million. The company also repurchased $580 million of shares during the quarter.

US Foods reported a strong second quarter with a 7.7% increase in net sales to $9.7 billion and a 7.2% increase in gross profit to $1.7 billion. Net income increased by 8.8% to $198 million, and the company achieved a record adjusted EBITDA of $489 million with a record adjusted EBITDA margin of 5.0%.

US Foods reported a 4.8% increase in net sales to $8.9 billion and a 4.9% increase in gross profit to $1.5 billion. Net income reached $82 million, while Adjusted EBITDA grew by 6% to $356 million. The company reaffirmed its fiscal year 2024 guidance and closed the acquisition of IWC Food Service in April.

US Foods reported a 4.9% increase in net sales to $8.9 billion for the fourth quarter of 2023, driven by a 5.6% increase in total case volume. Adjusted EBITDA increased by 10.9% to $388 million. The company also announced fiscal year 2024 guidance, including Adjusted EBITDA of $1.69 to $1.74 billion.

US Foods reported a 2.1% increase in net sales to $9.1 billion, a 6% increase in gross profit to $1.5 billion, and a net income of $95 million. Adjusted EBITDA increased 15% to $402 million, with an expansion of Adjusted EBITDA margin by approximately 50 bps. The company also reduced net leverage to 2.9x, prepaid $60 million of debt, and repurchased $29 million of shares.

US Foods reported a strong second quarter with net sales of $9.0 billion, a 2.1% increase from Q2 2022. Gross profit increased by 15% to $1.6 billion, and net income improved to $182 million. The company delivered a record adjusted EBITDA of $432 million, with an adjusted EBITDA margin expansion of 60 bps. They also raised their adjusted EBITDA guidance for fiscal year 2023 to $1.51 billion - $1.54 billion.

US Foods reported a strong first quarter in fiscal year 2023, with net sales reaching $8.5 billion, a 9.5% increase from Q1 2022. Adjusted EBITDA grew by 40% to $337 million, and the adjusted EBITDA margin expanded by 80 bps. The company reaffirmed its full-year guidance.

US Foods reported an 11.5% increase in net sales to $8.5 billion in Q4 2022. Adjusted EBITDA increased by 33.6% to $350 million, driven by case volume growth across nearly all customer types, gross margin optimization, and cost structure improvements. Diluted EPS was $0.37, and Adjusted Diluted EPS was $0.55.

US Foods reported a strong third quarter with net sales increasing by 13.0% to $8.9 billion and Adjusted EBITDA increasing by 20.6% to $351 million. The company's performance reflects sustained positive momentum and confidence in achieving the high end of its prior adjusted outlook for the year. The Board has authorized a $500 million share repurchase program.

US Foods reported a 15.2% increase in net sales, reaching $8.8 billion, and a 10.8% increase in Adjusted EBITDA to $368 million. Diluted EPS was $0.27, while Adjusted Diluted EPS reached $0.67. The company reaffirms its 2022 guidance for Adjusted EBITDA and Adjusted Diluted EPS.

US Foods reported a strong third quarter with significant growth in net sales, gross profit, and adjusted EBITDA. The company benefited from increased leisure and business travel, as well as continued increased restaurant traffic. However, supply chain headwinds are expected to persist into 2022.

US Foods reported a significant increase in net sales and adjusted EBITDA for the second quarter of fiscal 2021. The company benefited from the lifting of in-person dining restrictions and an increase in leisure travel.

US Foods reported a decrease in net sales by 0.7% to $6.3 billion and a decrease in gross profit by 5.9% to $1.0 billion for the first quarter of fiscal 2021. The company experienced a net loss of $39 million. Adjusted EBITDA decreased by 2.8% to $172 million. However, there was a meaningful recovery in case volume with restaurant and hospitality customers.

US Foods reported a decrease in net sales and adjusted EBITDA for the fourth quarter of fiscal year 2020, primarily due to the negative impact of COVID-19. While total case volume and independent restaurant case volume decreased, the company focused on operational efficiencies and benefited from the Smart Foodservice acquisition.

US Foods reported a decrease in net sales and adjusted EBITDA for the third quarter of fiscal 2020, primarily due to the impact of COVID-19. However, the company demonstrated resilience by gaining market share, improving adjusted gross profit margin, and managing costs effectively.

US Foods reported a decrease in net sales and gross profit due to the negative impact of COVID-19 on case volume. Net loss available to common shareholders was $97 million, and Adjusted EBITDA decreased 72.5% to $88 million.

US Foods reported a 14.8% increase in net sales to $6.9 billion and a 12.8% increase in Adjusted EBITDA to $335 million for the fourth quarter of 2019. However, net income decreased by $8 million to $92 million. The results were significantly influenced by the acquisition of the Food Group and inflation in various product categories.