US Foods (USFD) Tops Q3 EPS by 1c; Offers Guidance

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Go back to US Foods (USFD) Tops Q3 EPS by 1c; Offers Guidance

US Foods Reports Third Quarter Fiscal Year 2023 Earnings

November 9, 2023 6:45 AM EST

Delivered Net Sales of $9.1 Billion, Up 2.1%

Increased Gross Profit 6% to $1.5 Billion and Net Income to $95 Million

Grew Adjusted EBITDA 15% to $402 Million and Expanded Adjusted EBITDA Margin by ~50 bps

Reduced Net Leverage to 2.9x, Prepaid $60 Million of Debt and Repurchased $29 Million of Shares

Raises Adjusted EBITDA Guidance for Fiscal Year 2023 to $1.54 Billion - $1.56 Billion

ROSEMONT, Ill.--(BUSINESS WIRE)-- US Foods Holding Corp. (NYSE: USFD), one of the largest... More