US Foods Q4 2024 Earnings Report

Key Takeaways

US Foods reported a 6.2% YoY increase in revenue to $9.49 billion, driven by strong case volume growth and food cost inflation. However, net income declined 55.1% due to a one-time pension settlement expense and LIFO adjustment impact. Adjusted EBITDA increased 13.7% to $441 million, with margin expansion of 30 basis points.

Total Revenue

$9.49B

Previous year: $8.94B

+6.2%

EPS

$0.84

Previous year: $0.64

+31.2%

Gross Margin

17.6%

Previous year: 17.8%

-1.1%

Operating Margin

3.18%

Previous year: 3.29%

-3.3%

Adjusted EBITDA

$441M

Previous year: $388M

+13.7%

Gross Profit

$1.67B

Previous year: $1.59B

+4.8%

Cash and Equivalents

$59M

Previous year: $269M

-78.1%

US Foods Revenue

US Foods EPS

Forward Guidance

US Foods expects continued revenue growth of 4-6% in FY25, with margin expansion and strong adjusted EBITDA growth. The company is focused on operational efficiencies and volume growth to drive profitability.

Positive Outlook

Revenue growth expected between 4% and 6%
Adjusted EBITDA growth forecasted between 8% and 12%
Adjusted EPS projected to grow between 17% and 23%
Operational efficiencies and pricing optimization to support margins
Acquisition of Jake's Finer Foods to expand market presence

Challenges Ahead

Macroeconomic uncertainties may impact foodservice demand
Labor cost inflation could pressure margins
Potential supply chain disruptions remain a risk
Higher interest rates may impact financing costs
Ongoing cost inflation could affect pricing strategies