US Foods Q3 2021 Earnings Report
Key Takeaways
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.
Total case volume increased 18.5%; independent restaurant case volume increased 25.1%.
Net sales increased 34.9% to $7.9 billion.
Adjusted EBITDA increased 39.2% to $291 million.
Diluted EPS was $0.24; Adjusted Diluted EPS was $0.48.
US Foods
US Foods
Forward Guidance
While supply chain headwinds persist and are expected to continue into 2022, we’re pleased to see tangible and enduring signs that the industry is recovering, which allows us to refocus our energy and resources on our Great Food. Made Easy. strategy. We are focused on profitably growing market share, smartly optimizing our margins and improving operational efficiencies. Together, these initiatives are designed to position US Foods to benefit from a strengthening economy and create value for our shareholders.