.png)
2 hours ago
US Foods Holding Corp. (NYSE:USFD) reported third-quarter adjusted earnings per share of 85 cents, beating the street view of 83 cents. Quarterly sales of $9.728 billion (+6.8%) outpaced the analyst consensus estimate of $9.718 billion, driven by total case volume growth and food cost inflation of 3.2%.
“We delivered strong results in the third quarter despite the softer macro environment and weather-related challenges which pressured industry case volumes,” said Dave Flitman, CEO.
In its latest quarterly earnings, US Foods reported a 3.8% increase in total case volume, with independent restaurant case volume rising by 4.1%. The company’s gross profit grew by 8.1%, reaching $1.7 billion.
Net income for the quarter was $148 ...
