Us Foods Holding Corp.
US Foods Reports Strong Q2 2024 Financial Results with Record EBITDA
Summary
US Foods Holding Corp. reported strong financial results for the second quarter of fiscal year 2024, with net sales growing by 7.7% to $9.7 billion, net income increasing by 8.8% to $198 million, and Adjusted EBITDA reaching a record $489 million, a 13.2% increase from the prior year. The company also saw a 7.2% rise in gross profit to $1.7 billion and a 13.2% increase in Adjusted EBITDA margin to 5.0%. Despite economic challenges, US Foods maintained profitability through strategic initiatives and operational efficiency.
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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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