Exhibit 99.1
 
 g201805072257547112337a01.jpg
 
 
INVESTOR CONTACT:
MEDIA CONTACT:
Melissa Napier
Sara Matheu
(847) 720-2767
(847) 720-2392
Melissa.Napier@usfoods.com
Sara.Matheu@usfoods.com
 
US Foods Reports Fourth Quarter and Fiscal Year 2018 Earnings
 
ROSEMONT, Ill. (BUSINESS WIRE) February 12, 2019US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2018.
 
Fourth Quarter Fiscal 2018 Highlights
Total case volume decreased 0.8%; independent restaurant case volume increased 3.9%
Net sales increased 0.8% to $6.0 billion
Gross profit of $1.1 billion increased 1.6%
Income before income taxes decreased $5 million to $132 million
Net income decreased $156 million to $100 million
Adjusted EBITDA increased 2.4% to $297 million
Diluted EPS of $0.46; Adjusted Diluted EPS of $0.56

Fiscal Year 2018 Highlights
Total case volume decreased 1.2%; independent restaurant case volume increased 3.8%
Net sales increased 0.1% to $24.2 billion
Gross profit of $4.3 billion increased 2.1%
Income before income taxes increased $92 million to $496 million
Net income decreased $37 million to $407 million
Adjusted EBITDA increased 4.3% to $1,103 million
Diluted EPS of $1.87; Adjusted Diluted EPS of $2.03


CEO Perspective
“We made significant progress in 2018 as we implemented our key strategic initiatives which position us well for future growth,” said Chairman and CEO Pietro Satriano. “As part of our actions to drive profitability, we expanded sales of our private brands, implemented operational improvements in our merchandising and supply chain functions, and maintained strong cost discipline throughout the organization. Our differentiated product innovation, e-commerce and team-based selling strategies continue to give us a competitive advantage and contributed to us exiting the year with independent restaurant case growth exceeding our 4% exit rate target. We are confident in our ability to deliver improved growth and operating profitability in 2019."


1

The following information was filed by Us Foods Holding Corp. (USFD) on Tuesday, February 12, 2019 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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