Exhibit 99.1
 
 g201805072257547112337a03.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 Second Quarter Fiscal 2019 Earnings
 
ROSEMONT, Ill. (BUSINESS WIRE) August 6, 2019US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the second quarter of fiscal 2019.
 
Second Quarter Fiscal 2019 Highlights
Total case volume increased 1.7%; independent restaurant case volume increased 4.8%
Net sales increased 4.6% to $6.4 billion
Gross profit increased 2.5% to $1.1 billion
Income before income taxes decreased $7 million to $154 million
Net income decreased $10 million to $116 million
Adjusted EBITDA increased 6.7% to $320 million
Diluted EPS decreased 8.6% to $0.53; Adjusted Diluted EPS increased 12.3% to $0.64

Six Month Fiscal 2019 Highlights
Total case volume increased 1.6%; independent restaurant case volume increased 5.2%
Net sales increased 4.1% to $12.5 billion
Gross profit increased 4.2% to $2.2 billion
Income before income taxes increased $21 million to $245 million
Net income decreased $6 million to $187 million
Adjusted EBITDA increased 5.5% to $552 million
Diluted EPS decreased 4.5% to $0.85; Adjusted Diluted EPS increased 9.8% to $1.01

CEO Perspective
“Our business performance continued to improve with second quarter Adjusted EBITDA growth of 6.7%, double-digit Adjusted Diluted EPS growth of 12.3%, and continued expansion of operating leverage per case,” said Chairman and CEO Pietro Satriano. “Total case growth also improved, thanks to strong performance with independent restaurants and improved growth with healthcare and hospitality customers. Our service platform continues to get stronger and we are confident in achieving our financial guidance for the year."

Second Quarter Fiscal 2019 Results
Total case volume increased 1.7% from the prior year while independent restaurant case volume increased 4.8%, all on an organic basis. Net sales of $6.4 billion for the quarter increased 4.6% from the prior year, due to the increase in case volume and year-over-year inflation in multiple product categories, including grocery, poultry and produce.

Gross profit of $1.1 billion increased $28 million, or 2.5%, from the prior year, primarily driven by margin expansion initiatives and an increase in case volume, which were partially offset by an unfavorable year-over-year change in the

1

The following information was filed by Us Foods Holding Corp. (USFD) on Tuesday, August 6, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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