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Dec 31, 2022
US Foods Q4 2022 Earnings Report
US Foods reported strong financial results with increased net sales, adjusted EBITDA, and case volume growth in Q4 2022.
Key Takeaways
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.
Net sales increased by 11.5% to $8.5 billion.
Adjusted EBITDA increased by 33.6% to $350 million.
Total case volume increased by 2.6%, with independent restaurant case volume up by 5.8%.
Diluted EPS was $0.37; Adjusted Diluted EPS was $0.55.
Forward Guidance
US Foods provided its 2023 guidance, including Adjusted EBITDA of $1.45-$1.51 billion and Adjusted Diluted EPS of $2.45-$2.65.
Positive Outlook
- Adjusted EBITDA of $1.45-$1.51 billion
- Adjusted Diluted EPS of $2.45-$2.65
- Interest expense of $310-$325 million
- Total capital expenditures of $410-$430 million
- Net Debt to Adjusted EBITDA leverage below 3.0x by end of fiscal year 2023
Historical Earnings Impact
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Avg. Return Before/After Earnings
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