Us Foods Holding Corp.
US Foods Announces Fiscal 2024 Results and Share Repurchases
Summary
US Foods Holding Corp. announced its fiscal 2024 results, reporting a 6.4% increase in net sales to $37.9 billion and an 11.7% increase in Adjusted EBITDA to $1.74 billion. The company repurchased $958 million of shares throughout the year. Despite a decrease in net income to $494 million, Adjusted Diluted EPS increased by 19.8% to $3.15. The company also provided fiscal 2025 guidance with expected net sales growth of 4% to 6%, Adjusted EBITDA growth of 8% to 12%, and Adjusted Diluted EPS growth of 17% to 23%.
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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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