US Foods (NYSE: USFD) reported Q4 EPS of $0.53, $0.08 better than the analyst estimate of $0.45. Revenue for the quarter came in at $5.66 billion versus the consensus estimate of $5.68 billion.

Fourth Quarter Highlights

• Total case volume decreased 1.9%, Independent Restaurant volume decreased 1.0%. Excluding the extra week1, total case volume increased 4.1% and Independent Restaurant volume increased 6.1%.
• Net sales decreased 4.3% to $5.7 billion. Excluding the extra week, Net sales increased 1.7%.
• Gross profit of $1.0 billion decreased 4.7%. Excluding the extra week, Gross profit increased 0.8%.
• Operating income increased $64 million to $116 million. Excluding the extra week, Operating income increased $75 million.
• Net income of $77 million increased $87 million from a loss of $10 million in the prior year. Excluding the extra week, Net income increased $93 million.
• Adjusted EBITDA increased 3.9% to $265 million. Excluding the extra week, Adjusted EBITDA increased 8.6%.
• Diluted EPS of $0.34; Adjusted Diluted EPS of $0.53.

GUIDANCE:

US Foods sees FY2017 EPS of $1.26-$1.40, versus the consensus of $1.37.

For earnings history and earnings-related data on US Foods (USFD) click here.