US Foods (NYSE: USFD) reported Q3 EPS of $0.55, $0.04 better than the analyst estimate of $0.51. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.31 billion.

• Total case volume decreased 0.8%; independent restaurant case volume increased 3.3%
• Net sales decreased 0.8% to $6.2 billion
• Gross profit of $1.1 billion increased 0.9%
• Income before income taxes decreased $6 million to $141 million
• Net income increased $18 million to $114 million
• Adjusted EBITDA increased 6.0% to $283 million
• Diluted EPS of $0.52; Adjusted Diluted EPS of $0.55

"Adjusted EBITDA growth was solid at 6.0% for the third quarter, and we continued to expand gross profit dollars per case," said Chairman and CEO Pietro Satriano. "We also delivered organic independent restaurant case volume growth of 3.1% for the quarter, an improvement over the first half of the year. Our initiatives to improve customer service levels are showing early positive results, and we expect this momentum to continue to accelerate total case growth as we finish the year."

GUIDANCE:

US Foods sees FY2018 EPS of $2.03-$2.08, versus the consensus of $2.02.

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