Exhibit 99.1
 
 g201805072257547112337a05.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 Third Quarter Fiscal 2019 Earnings
 
ROSEMONT, Ill. (BUSINESS WIRE) November 5, 2019US Foods Holding Corp. (NYSE: USFD), one of the leading foodservice distributors in the United States, today announced results for the third quarter of fiscal 2019. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from the Food Group of Companies (the "Food Group"), which was acquired on September 13, 2019.

Third Quarter Fiscal 2019 Highlights
Total case volume increased 3.0%; independent restaurant case volume increased 6.3%
Total organic case volume increased 0.9%; independent restaurant organic case volume increased 4.2%
Net sales increased 6.1% to $6.5 billion; organic Net sales increased 4.0% to $6.4 billion
Gross profit increased 4.3% to $1.2 billion
Income from continuing operations before income taxes increased $4 million to $144 million
Net income decreased $8 million to $106 million
Adjusted EBITDA increased 8.5% to $307 million; organic Adjusted EBITDA increased 6.7% to $302 million
Diluted EPS decreased 7.7% to $0.48; Adjusted Diluted EPS increased 12.1% to $0.65

Nine Month Fiscal 2019 Highlights
Total case volume increased 2.0%; independent restaurant case volume increased 5.5%
Total organic case volume increased 1.3%; independent restaurant organic case volume increased 4.8%
Net sales increased 4.8% to $19.0 billion; organic Net sales increased 4.1% to $18.9 billion
Gross profit increased 4.2% to $3.4 billion
Income from continuing operations before income taxes increased $25 million to $389 million
Net income decreased $14 million to $293 million
Adjusted EBITDA increased 6.6% to $859 million; organic Adjusted EBITDA increased 6.0% to $854 million
Diluted EPS decreased 5.0% to $1.34; Adjusted Diluted EPS increased 10.2% to $1.73

CEO Perspective
“Our focus on profitable growth enabled us to deliver strong organic Adjusted EBITDA growth of 6.7% for the quarter,” said Chairman and CEO Pietro Satriano. “We also delivered organic independent restaurant case growth of 4.2% as we continue to gain share with this target customer group. The integration of the Food Group is off to a good start and we are excited to welcome our colleagues from the Food Group into US Foods. As a result of our year to date business performance, we are raising our fiscal 2019 organic Adjusted EBITDA growth guidance to 6.0%.”




1

The following information was filed by Us Foods Holding Corp. (USFD) on Tuesday, November 5, 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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