US Foods Reports Fourth Quarter and Fiscal Year 2019 Earnings
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US Foods (USFD) Reports In-Line Q4 EPS, Revenues Miss; Offers FY20 EPS Guidance Above Consensus
February 11, 2020 6:46 AM ESTUS Foods (NYSE: USFD) reported Q4 EPS of $0.66, in-line with the analyst estimate of $0.66. Revenue for the quarter came in at $6.9 billion versus the consensus estimate of $7.06 billion.
Fourth Quarter Fiscal 2019 Highlights
Total case volume increased 12.3%; independent restaurant case volume increased 11.9%Total organic case volume increased 0.4%; independent restaurant organic case volume increased 2.9%Net sales increased 14.8% to $6.9 billion; organic Net sales increased 3.0% to $6.2 billionGross profit increased 13.3% to $1.2 billionIncome from continuing operations before income taxes decreased $10 million to $122 millionNet income decreased $8 million to $92 millionAdjusted EBITDA... More