10-Q · May 8, 2025
US Foods reported 13-week net sales of $9,351,000,000 (up $402 million vs prior year) with gross profit of $1,614,000,000 and diluted EPS of $0.49. Operating income rose to $224,000,000 (from $165,000,000) and operating…
Earnings analysis · 10-Q
USFD earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
US Foods reported Q1 2026 earnings with net sales of $9.6 billion, a modest year-over-year growth of 2.8%. Gross profit increased slightly, but the company faced a decline in diluted EPS to $0.78 from an estimated…
Read full summary
US Foods reported Q1 2026 earnings with net sales of $9.6 billion, a modest year-over-year growth of 2.8%. Gross profit increased slightly, but the company faced a decline in diluted EPS to $0.78 from an estimated $0.80, missing analysts' expectations. Management remains optimistic, reaffirming its full-year guidance despite facing higher operating costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.78
What stood out
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Revenue Growth
Net sales increased 2.8% year-over-year to $9.61 billion.
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Adjusted EBITDA Up
Adjusted EBITDA rose by 6.2% to $413 million, reflecting operational efficiency.
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Net Income Improvement
Net income slightly rose to $116 million, up from $115 million year-over-year.
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Comparable Gross Margin
Gross margin remained stable at 17.2%, only down marginally from 17.3%.
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Operating Expense Control
Operating expenses increased 3.4% but were offset by efficiency improvements.
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Case Volume Growth
Total case volume increased 1.4%, driven by a 4.6% rise in independent restaurant segment.
What to watch
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Lower EPS Than Expected
Reported diluted EPS was $0.78, missing the estimate of $0.80 by 2.5%.
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Decrease in Operating Income
Operating income decreased from $224 million to $216 million, indicating rising costs are pressuring margins.
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Cash Flow Decline
Operating cash flow fell to $294 million, down from $391 million, highlighting liquidity concerns.
Management's outlook
Management reaffirmed its FY 2026 guidance for net sales growth of 4-6% and adjusted diluted EPS growth of 18-24%.
Earlier filings 4
10-K · February 13, 2025
US Foods presents a scale-driven, omnichannel broadline distribution strategy (WE HELP YOU MAKE IT™) focused on private brands, digital tools (MOXē) and local execution backed by national scale. Net sales grew to…
10-K · February 15, 2024
US Foods positions itself as a national broadline foodservice distributor pursuing a "GREAT FOOD. MADE EASY." strategy focused on product innovation, private brands, omni-channel service and technology-enabled selling.…
10-Q · August 10, 2023
US Foods reported 13-week net sales of $9,013 million (up $186 million, +2.1% YoY) and materially expanded margins: gross profit rose to $1,591 million (gross margin ~17.6%) and operating income increased to $322…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.