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US Foods Reports Second Quarter Fiscal Year 2026 Earnings

USFD
  • US Foods Holding Corp. reported second quarter fiscal 2026 net sales of $10.5 billion, a 4.5% increase from the prior year.
  • Net income rose 22.8% to $275 million, resulting in diluted EPS of $1.24, an increase of 29.2%.
  • Adjusted EBITDA reached a record $604 million, up 10.2%, with an adjusted diluted EPS of $1.44, a 21.0% increase.
  • Total case volume grew 1.9%, driven by a 5.1% rise in independent restaurant case volume, while chain volume declined 1.5%.
  • Gross profit increased 8.0% to $1.9 billion, and operating expenses rose 5.1% to $1.5 billion.
  • The company repurchased 4.4 million shares for $374 million during the quarter, bringing the six-month total to approximately $500 million.
  • Net debt stood at $5.2 billion at the end of the quarter, with a net leverage ratio of 2.6 times.
  • Capital expenditures for the first six months of fiscal 2026 totaled $174 million, invested in information technology, property, and distribution facilities.
  • US Foods reaffirmed its fiscal 2026 guidance, projecting net sales growth of 4% to 6%, adjusted EBITDA growth of 9% to 13%, and adjusted diluted EPS growth of 18% to 24%.
  • The fiscal 2026 outlook includes the impact of a 53rd week, expected to add approximately 1% to total case growth and adjusted EBITDA growth.