US Foods Beats Q3 Expectations As Sales And Case Volumes Surge, Tightens FY24 Outlook [Yahoo! Finance]
US Foods Holding Corp. (USFD)
Last us foods holding corp. earnings: 2/11 06:45 am
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Source: Yahoo! Finance
Quarterly sales of $9.728 billion (+6.8%) outpaced the analyst consensus estimate of $9.718 billion, driven by total case volume growth and food cost inflation of 3.2%. “We delivered strong results in the third quarter despite the softer macro environment and weather-related challenges which pressured industry case volumes,” said Dave Flitman, CEO. In its latest quarterly earnings, US Foods reported a 3.8% increase in total case volume, with independent restaurant case volume rising by 4.1%. The company's gross profit grew by 8.1%, reaching $1.7 billion. Net income for the quarter was $148 million, while adjusted EBITDA increased 13.2% to $455 million. Adjusted gross profit was $1.7 billion, an increase of 7.0% from the prior year. Adjusted gross profit as a percentage of net sales was 17.4%. Also Read: Papa John's Earns Less Dough As Q3 Sales Dip, CEO Blames ‘Challenging Consumer Environment' Net debt at the end of the third quarter of fiscal year 2024 was $4.7 billion. T
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USFD
Earnings
- 11/7/24 - Beat
USFD
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- USFD's page on the SEC website