Exhibit 99.1

 

 

INVESTOR CONTACT:

Melissa Napier

(847) 720-2767

Melissa.Napier@usfoods.com

MEDIA CONTACT:

Sara Matheu

(847) 720-2392

Sara.Matheu@usfoods.com

 

US Foods Reports Fourth Quarter and Fiscal Year 2017 Earnings

 

ROSEMONT, Ill. (BUSINESS WIRE) February 15, 2018 –

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and fiscal year 2017.

 

Fourth Quarter 2017 Highlights

 

Total case volume increased 1.9%; independent restaurant case volume increased 7.1%

 

Net sales increased 5.6% to $6.0 billion

 

Gross profit of $1.1 billion increased 4.6%

 

Operating income increased $66 million to $182 million

 

Net income of $256 million increased $179 million

 

Adjusted EBITDA increased 9.4% to $290 million

 

Diluted EPS of $1.15; Adjusted Diluted EPS of $0.44

 

Fiscal Year 2017 Highlights

 

Total case volume increased 2.9%, independent restaurant case volume increased 5.2%

 

Net sales increased 5.4% to $24.1 billion

 

Gross profit of $4.2 billion increased 4.1%

 

Operating income increased $160 million to $574 million

 

Net income of $444 million increased $234 million

 

Adjusted EBITDA increased 8.8% to $1.1 billion

 

Diluted EPS of $1.97; Adjusted Diluted EPS of $1.38

 

CEO Perspective

“We had a strong year and delivered on our commitments to expand Gross profit dollars and grow Adjusted EBITDA,” said Chairman and CEO Pietro Satriano. “Through the continued execution of our Great Food. Made Easy. strategy, we increased sales with our targeted customers, including accelerating quarterly volume growth with Independent Restaurants. In 2018, we will continue to leverage our innovative products, industry-leading technology and value-added services to drive profitable growth.”

 

 


The following information was filed by Us Foods Holding Corp. (USFD) on Thursday, February 15, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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