US Foods Q1 2025 Earnings Report

Reported First Quarter Fiscal Year 2025 Earnings

Key Takeaways

US Foods reported a strong first quarter for fiscal year 2025, exceeding industry performance with growth in net sales, net income, and adjusted EBITDA. The company demonstrated consistent share gains with target customer types and announced a new $1 billion share repurchase program.

Net Sales increased 4.5% to $9.4 billion.

Net Income increased 40.2% to $115 million.

Adjusted EBITDA increased 9.3% to $389 million.

Adjusted Diluted EPS increased 25.9% to $0.68.

Total Revenue
$9.4B
Previous year: $8.95B
+5.0%
EPS
$0.68
Previous year: $0.54
+25.9%
Adjusted EBITDA
$389M
Previous year: $356M
+9.3%
Total case volume growth
1.1%
Independent restaurant case volume growth
2.5%
Gross Profit
$1.61B
Previous year: $1.5B
+7.6%
Cash and Equivalents
$101M
Previous year: $267M
-62.2%
Total Assets
$13.7B
Previous year: $13.4B
+1.9%

US Foods

US Foods

Forward Guidance

The company reaffirmed its fiscal year 2025 guidance for Net Sales growth, Adjusted EBITDA growth, and Adjusted Diluted EPS growth.

Positive Outlook

  • Reaffirms Net Sales growth guidance of 4% to 6%.
  • Reaffirms Adjusted EBITDA growth guidance of 8% to 12%.
  • Reaffirms Adjusted Diluted EPS growth guidance of 17% to 23%.
  • Expects to return to more meaningful share repurchases in the second quarter and balance of the year.
  • Confidence in achieving long-range plan.

Challenges Ahead

  • Challenging operating environment mentioned.
  • Weather-related headwinds noted.
  • Near-term macro uncertainty acknowledged.
  • Unable to provide reconciliation of certain forward-looking non-GAAP financial measures due to uncertainty of significant items.
  • Various risks and uncertainties could cause actual results to differ materially from forward-looking statements.