Exhibit 99.1








Melissa Napier

Sara Matheu

(847) 720-2767

(847) 720-2392




US Foods Reports First Quarter Fiscal 2018 Earnings


ROSEMONT, Ill. (BUSINESS WIRE) May 8, 2018 –

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for first quarter fiscal 2018.


First Quarter 2018 Highlights


Total case volume decreased 2.3%; independent restaurant case volume increased 4.3%


Net sales increased 0.6% to $5.8 billion


Gross profit of $992 million increased 0.1%


Income before income taxes increased $28 million to $63 million


Net income of $67 million increased $40 million


Adjusted EBITDA increased 4.2% to $224 million


Diluted EPS of $0.31; Adjusted Diluted EPS of $0.35


CEO Perspective

“During the first quarter we saw solid growth with independent restaurants and expanded Gross profit per case by $0.19, our highest quarterly per case growth rate in recent history. Execution on our gross profit and operating expense initiatives drove 4.2% Adjusted EBITDA growth despite headwinds from weather and inbound freight costs,” said Chairman and CEO Pietro Satriano. “Our outlook for independent restaurants and the overall industry remains strong and we are well positioned to deliver on another successful year.”


First Quarter 2018 Results

Total case volume decreased 2.3% from the prior year with organic case volume declining 3.2%. Independent restaurant case volume increased 4.3%, of which 2.7% was organic growth. The decrease in total case volume was driven primarily by the planned exits of select chain customers and adverse weather conditions throughout the quarter.


Net sales of $5.8 billion increased 0.6% from the prior year, primarily driven by inflation in the beef, produce, dairy and grocery categories which was partially offset by a decline in case volume. Sales from acquisitions completed during the last four fiscal quarters increased Net sales by approximately 1.4%.


Gross profit of $992 million increased $1 million, or 0.1% from the prior year, driven by margin expansion initiatives which were partially offset by higher inbound freight costs, a decline in case volume and an increase in the year-over-year LIFO reserve expense. Gross profit as a percentage of Net


The following information was filed by Us Foods Holding Corp. (USFD) on Tuesday, May 8, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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