US Foods (USFD) Tops Q3 EPS by 4c; Boosts FY16 adj.-EBITDA Growth Outlook
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US Foods Reports Third Quarter Fiscal 2016 Earnings
November 8, 2016 7:55 AM ESTROSEMONT, Ill.--(BUSINESS WIRE)-- US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the third quarter and first nine months of fiscal year 2016.
Third Quarter Highlights
Total case volume growth of 4%, Independent Restaurant volume rose 5.5% Net sales increased 0.8% to $5.8 billion Gross profit of $1.0 billion, up 2% Operating income increased $42 million to $115 million Net income increased $128 million to $133 million Adjusted EBITDA increased 8.4% to $244 million... More