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Sep 28, 2024
US Foods Q3 2024 Earnings Report
US Foods reported strong Q3 2024 results with net sales increasing and Adjusted EBITDA growing.
Key Takeaways
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.
Net sales increased by 6.8% to $9.7 billion.
Gross profit increased by 8.1% to $1.7 billion.
Net income increased by 55.8% to $148 million.
Adjusted EBITDA increased by 13.2% to $455 million.
Forward Guidance
The Company is updating its Fiscal Year 2024 guidance.
Positive Outlook
- Net Sales of $37.7 billion to $38.0 billion, compared to previous guidance of $37.5 billion to $38.5 billion
- Adjusted EBITDA of $1.72 billion to $1.74 billion, compared to previous guidance of $1.69 billion to $1.74 billion
- Adjusted Diluted EPS of $3.05 to $3.15, compared to previous guidance of $3.00 to $3.20
Historical Earnings Impact
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Avg. Return Before/After Earnings
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