US Foods (USFD) Reports In-Line Q1 EPS
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US Foods Reports First Quarter Fiscal 2017 Earnings
May 9, 2017 6:45 AM EDTROSEMONT, Ill.--(BUSINESS WIRE)-- US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the first quarter of fiscal 2017.
First Quarter Highlights
Total case volume increased 4.3%; independent restaurant case volume increased 4.0%. Net sales increased 3.5% to $5.8 billion. Gross profit of $991 million increased 3.2%. Operating income of $77 million decreased $8 million. Net income of $27 million increased $14 million. Adjusted EBITDA increased 6.1% to $215 million.... More