US Foods (USFD) Misses Q1 EPS by 30c
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US Foods Reports First Quarter Fiscal Year 2022 Earnings
May 12, 2022 6:45 AM EDTROSEMONT, Ill.--(BUSINESS WIRE)-- US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2022.
First Quarter Fiscal 2022 Highlights
Total case volume increased 4.1% versus the same period in fiscal year 2021; independent restaurant case volume increased 9.2% versus the same period in fiscal year 2021 Net sales increased 23.9% to $7.8 billion Gross profit increased 19.1% to $1.2 billion Net loss available to common shareholders improved to $16 million Adjusted EBITDA increased 40.1%... More