US Foods Clocks 11.5% Sales Growth In Q4; Bottom-Line Beats Street View

  • US Foods Holdings Corp USFD reported fourth-quarter FY22 sales growth of 11.5% year-on-year to $8.52 billion, missing the consensus of $8.53 billion,
  • Total case volume rose 2.6% and independent restaurant case volume grew 5.8%.
  • Gross profit increased 17.1% Y/Y to $1.5 billion with a profit margin of 17.1%.
  • Operating expenses rose 13.8% Y/Y to $1.3 billion. Operating margin was 2.3%, and the operating income improved to $196 million.
  • The company held $211 million in cash and equivalents as of Dec. 31, 2022. Net cash provided by operating activities for the year amounted to $765 million.
  • Adjusted EBITDA of $350 million, increased 33.6% Y/Y.
  • Adjusted EPS was $0.55, beating the $0.53 estimate.
  • Outlook: US Foods sees FY23 adjusted EPS of $2.45 - $2.65 versus the consensus of $2.65.
  • USFD sees Adjusted EBITDA of $1.45 billion- $1.51 billion.
  • Price Action: USFD shares are trading higher by 5.07% at $38.83 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!