US Foods (USFD) Tops Q1 EPS by 8c; Guides In-Line
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US Foods Reports First Quarter Fiscal Year 2023 Earnings
May 11, 2023 6:45 AM EDT
Drove Net Sales of $8.5 Billion, Up 9.5% from Q1 2022
Increased Gross Profit 19% to $1.4 Billion
Reduced Net Leverage to 3.2x and Repurchased $34 Million of Shares
Grew Adjusted EBITDA 40% to $337 Million and Expanded Adjusted EBITDA Margin by 80 bps
Reaffirms Full Year Guidance
ROSEMONT, 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 2023.
First Quarter Fiscal 2023... More
