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Jul 03, 2021
US Foods Q2 2021 Earnings Report
US Foods reported strong second quarter results driven by market reopenings and increased demand.
Key Takeaways
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.
Total case volume increased 53.5%, with independent restaurant case volume up 79.1%.
Net sales increased 68.0% to $7.7 billion.
Gross profit increased 74.2% to $1.2 billion.
Adjusted EBITDA increased 277.3% to $332 million.
US Foods
US Foods
Forward Guidance
While supply chain labor is expected to remain challenging for the next few quarters, the company remains focused on delivering profitable growth as the industry continues to recover.
Challenges Ahead
- Supply chain labor is expected to remain challenging for the next few quarters.