US Foods (USFD) Tops Q4 EPS by 8c; Guides In-Line
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US Foods Reports Fourth Quarter and Fiscal Year 2016 Earnings
February 15, 2017 6:47 AM ESTFY16 Earnings Growth Driven by Volume and Gross Profit Gains
ROSEMONT, Ill.--(BUSINESS WIRE)-- US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and fiscal year 2016.
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%.... More