US Foods Q4 2023 Earnings Report
Key Takeaways
US Foods reported a 4.9% increase in net sales to $8.9 billion for the fourth quarter of 2023, driven by a 5.6% increase in total case volume. Adjusted EBITDA increased by 10.9% to $388 million. The company also announced fiscal year 2024 guidance, including Adjusted EBITDA of $1.69 to $1.74 billion.
Net sales increased 4.9% to $8.9 billion.
Total case volume increased 5.6%, with independent restaurant case volume up 7.3%.
Adjusted EBITDA increased 10.9% to $388 million.
Diluted EPS increased 59.5% to $0.59; Adjusted Diluted EPS increased 16.4% to $0.64.
US Foods
US Foods
Forward Guidance
The Company is providing First Quarter 2024 guidance of: Adjusted EBITDA of $340 to $355 million The Company is providing Fiscal Year 2024 guidance of: Net Sales of $37.5 to $38.5 billion Adjusted EBITDA of $1.69 to $1.74 billion Adjusted Diluted EPS of $3.00 to $3.20