Us Foods Holding Corp.
US Foods Reports Strong Fiscal 2023 Results with Adjusted EBITDA Growth
Summary
US Foods Holding Corp. reported a strong fiscal 2023 performance with a 4.5% increase in net sales to $35.6 billion, driven by solid case volume growth. Adjusted EBITDA grew 19.0% to $1.56 billion, with diluted EPS at $2.02. The company provided fiscal 2024 guidance with expected net sales between $37.5 to $38.5 billion and Adjusted EBITDA of $1.69 to $1.74 billion.
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About Us Foods Holding Corp.
Us Foods Holding Corp. is a leading foodservice distributor in the United States. It plays a crucial role in the supply chain by offering a wide assortment of over 400,000 fresh, frozen, and dry food items, alongside non-food products such as kitchen supplies and cleaning tools. The company's services are tailored to meet the needs of a diverse client base, including restaurants, healthcare facilities, educational institutions, and hospitality sectors. Us Foods Holding Corp. focuses on delivering innovative culinary products and solutions that enhance operational efficiencies for its customers. With a network of distribution centers across the U.S., the company ensures timely delivery and high-quality service. Additionally, Us Foods places a strong emphasis on sustainability and responsible sourcing, contributing to the food industry's shift towards environmentally-friendly practices. The company's integral role in the food service industry underscores its significance in maintaining the operational flow and profitability of numerous businesses nationwide.
Official SEC Documents
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