US Foods Holding Corp

USFD

Equity

ISIN US9120081099 / Valor 31506859

New York Stock Exchange, Inc (2024-11-21)

USD 67.92+2.03%

US Foods Holding Corp
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About company

US Foods Holding Corp is a prominent player in the American food industry, primarily operating as a foodservice distributor. The company plays a crucial role in the supply chain, serving around 250,000 restaurants and foodservice operators across the United States. With a workforce of 30,000 employees and a network spanning over 70 locations, US Foods is dedicated to supporting the operational success of its clientele. The company distinguishes itself by offering a wide range of food products alongside a robust portfolio of e-commerce, technology, and business solutions designed to meet the diverse needs of its customers. This comprehensive approach enables US Foods to cater to the evolving demands of the foodservice sector, reinforcing its position as a key facilitator in the industry's ecosystem.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Net Sales Growth

US Foods Holding Corp. reported net sales of $8.9 billion for the first quarter of fiscal year 2024, marking a 4.8% increase from the prior year. This growth was driven by a combination of case volume growth and food cost inflation of 1.5%.

Gross Profit Increase

Gross profit for US Foods Holding Corp. in the first quarter of fiscal year 2024 increased by 4.9% to $1.5 billion. This rise was primarily due to an increase in organic case volume, improved cost of goods sold, the impact of acquisitions, and pricing optimization.

Net Income and Adjusted EBITDA

US Foods Holding Corp. reported a net income available to common shareholders of $82 million for the first quarter of fiscal year 2024, an increase of $7 million compared to the prior year. Adjusted EBITDA also saw a rise, reaching $356 million, which is a 5.6% increase from the previous year.

Operating Expenses

Operating expenses for US Foods Holding Corp. in the first quarter of fiscal year 2024 were $1.3 billion, a 7.4% increase from the prior year. This increase was mainly due to higher distribution costs, increased labor costs, and the impact of acquisitions, partially offset by productivity improvements.

Fiscal Year 2024 Outlook

US Foods Holding Corp. reaffirmed its fiscal year 2024 guidance, projecting net sales between $37.5 billion and $38.5 billion. The company also expects Adjusted EBITDA to be in the range of $1.69 billion to $1.74 billion and Adjusted Diluted EPS to be between $3.00 and $3.20.

Summarized from source with an LLMView Source

Key figures

60.2%1Y

105%3Y

74.2%5Y

Performance

22.6%1Y

31.1%3Y

49.2%5Y

Volatility