Us Foods Holding Corp.
US Foods Reports 55.8% Increase in Net Income for Q3 FY 2024
Summary
US Foods Holding Corp. announced a 55.8% increase in net income for the third quarter of fiscal year 2024, reaching $148 million. The company also reported a 6.8% increase in net sales to $9.7 billion and an 8.1% increase in gross profit to $1.7 billion. The report included adjusted EBITDA of $455 million, a 13.2% increase from the prior year. The company repurchased $580 million of shares during the quarter. A press release with detailed financial results is attached as Exhibit 99.1.
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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.
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