<span item_type="fundamental" item_id="babf23bf48784811e262068ef56ccd20" counter_id="ST/US/USFD" env="prod"></span><span item_type="announcement" item_id="645844139309467905" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 9.61 B, missing the estimate of USD 9.658 B.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.52, missing the estimate of USD 0.644.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 217 M.</p><p></p><p>The US Foods Holding Corp. operates as a single operating segment, with all financial and operational metrics reported on a consolidated basis for the 13 weeks ended March 28, 2026, compared to the 13 weeks ended March 29, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Net Sales</h4><p>Net sales increased by $259 million, or 2.8%, to $9,610 million, up from $9,351 million in the prior year, primarily driven by case volume growth and a 1.0% food cost inflation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Gross Profit</h4><p>Gross profit increased by $39 million, or 2.4%, to $1,653 million, from $1,614 million in the prior year period, due to higher total case volume and improved cost of goods sold, partially offset by a $33 million unfavorable year-over-year LIFO adjustment.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> LIFO expense negatively impacted gross profit by $38 million in 2026 and $5 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> As a percentage of net sales, gross profit was 17.2% in 2026, down from 17.3% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Operating Expenses</h4><p>Total operating expenses rose by $47 million, or 3.4%, to $1,437 million, compared to $1,390 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> This increase was mainly due to higher total case volume and increased distribution, selling, and administrative costs, partially mitigated by distribution productivity improvements and efforts to streamline administrative processes and costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> Operating expenses as a percentage of net sales were 15.0% in 2026 and 14.9% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Operating Income</h4><p>Operating income decreased to $216 million from $224 million in the comparable prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> As a percentage of net sales, operating income was 2.2% in 2026 and 2.4% in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Net Income</h4><p>Net income slightly increased by $1 million to $116 million, compared to $115 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> As a percentage of net sales, net income remained consistent at 1.2% for both periods.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Operational Metrics</h4><p>Total case volume increased by 1.4% year-over-year, driven by a 4.6% increase in independent restaurant case volume, a 3.7% increase in healthcare volume, and a 5.0% increase in hospitality volume, partially offset by a 2.3% decrease in chain volume.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> Total organic case volume increased by 1.1%, with organic independent restaurant case volume growing by 4.4%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> Organic broadline cases of private brands represented approximately 34% of total cases in both 2026 and 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> The company serves approximately 250,000 customer locations nationwide through over 70 distribution facilities and a fleet of over 6,500 trucks, along with more than 90 cash and carry locations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Cash Flow</h4><p>Cash flows provided by operating activities were $294 million, a decrease of $97 million from $391 million in the prior year period, primarily due to changes in operating assets and liabilities and an increase in tax payments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> Net cash used in investing activities was - $97 million in 2026, compared to - $130 million in 2025, including cash expenditures for property and equipment of $98 million in 2026 and $84 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> Net cash used in financing activities was - $189 million in 2026, compared to - $219 million in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Debt and Liquidity</h4><p>As of March 28, 2026, total debt was $5,167 million, with a long-term portion of $5,025 million, compared to $5,200 million and $5,063 million, respectively, as of December 27, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> The Company had approximately $1.6 billion in cash and available liquidity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> Outstanding borrowings under the ABL Facility totaled $388 million, with $315 million in outstanding letters of credit, leaving an available capacity of $1,597 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> The Company had approximately $2.9 billion of restricted payment capacity under its debt covenants and approximately $1.4 billion of its net assets were restricted.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Share Repurchase Programs</h4><p>As of March 28, 2026, $14 million remained authorized under the May 2025 Share Repurchase Program, and $1 billion remained authorized under the November 2025 Share Repurchase Program.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> For the 13 weeks ended March 28, 2026, the Company repurchased approximately 1.4 million shares for about $125 million, including fees and excise tax.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p><h4>Outlook and Strategy</h4><p>Total cash capital expenditures for fiscal year 2026 are projected to be between $400 million and $450 million, funded by available cash or cash generated from operations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> The Company believes that current cash generation and borrowing capacity will be sufficient to cover debt service, operational costs, working capital, and capital expenditure needs for the next 12 months.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span> The Company will consider opportunities to repurchase, refinance, or reduce debt obligations on favorable terms, though such actions could require significant use of liquidity and capital resources.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1665918/000166591826000032/usfd-20260328.htm"></span></p>

US Food | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 9.61 B