Companies /Consumer Defensive

US Foods Holding Corp

NYSE: USFD Food Distribution
$104.03
▼ $0.38 (−0.36%) today
Markets closed · 4:32pm ET

Q2 2026 Earnings

Reported Aug 6, 2026, 6:47am ET · SEC source
$1.44
Beat +5.65%
EPS · est. $1.36 Adjusted
$10.5B
Beat +0.66%
Revenue · est. $10.5B
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
0+3%+6%+9%Aug 6Aug 7report 6:47am ETearnings+0.1%+8.0%
0+3%+6%+9%Aug 6Aug 7earnings+0.1%+8.0%
USFD +8.0%S&P 500 +0.1%
0+3%+6%+9%Aug 6Aug 7report 6:47am ETearnings+0.8%+8.0%
0+3%+6%+9%Aug 6Aug 7earnings+0.8%+8.0%
USFD +8.0%NASDAQ +0.8%
0+4%+8%Aug 5Aug 13report 6:47am ETearnings+0.8%+9.9%
0+4%+8%Aug 5Aug 13earnings+0.8%+9.9%
USFD +9.9%S&P 500 +0.8%
0+4%+8%Aug 5Aug 13report 6:47am ETearnings+2.4%+9.9%
0+4%+8%Aug 5Aug 13earnings+2.4%+9.9%
USFD +9.9%NASDAQ +2.4%
+6.45%
Day of report
+1.79%
Next session
+2.92%
One week

Did USFD Beat Earnings? Q2 2026 Results

US Foods Holding Corp. delivered a convincing second-quarter fiscal 2026 rebound, beating Wall Street expectations on both the top and bottom lines after a disappointing first quarter had left investors cautious. Adjusted diluted EPS came in at $1.44, ahead of the $1.36 consensus by 5.65%, while net sales of $10.53 billion edged past estimates by 0.66% and rose 4.5% year-over-year. The standout driver behind the outperformance was strength in higher-margin customer segments, particularly independent restaurants, where case volume accelerated to 5.1% growth, reinforcing the company's deliberate strategy of shifting its mix toward more profitable accounts. Adjusted EBITDA climbed 10.2% to $604.00 million, with margin expanding 29 basis points to 5.7%, aided by gross profit growth of 8.0% and ongoing cost efficiencies. Management reaffirmed its full fiscal year 2026 guidance, targeting net sales growth of 4% to 6% and adjusted diluted EPS growth of 18% to 24%, ranges that include roughly a 1% tailwind from a 53rd fiscal week.

Key Takeaways
  • Independent restaurant case volume growth of 5.1%
  • Total case volume growth of 1.9%
  • Food cost inflation of 2.3%
  • Improved cost of goods sold
  • $19 million favorable year-over-year LIFO adjustment
  • Actions to streamline administrative processes and costs
  • Gross profit margin expansion to 18.2% of net sales
  • Adjusted EBITDA margin expansion of 29 basis points to 5.7%

“Our team delivered another strong quarter, highlighted by accelerating volume growth, record Adjusted EBITDA and Adjusted EBITDA margin and strong Adjusted EPS growth in what remains a challenging but stable industry environment.”

US Foods CEO, on the earnings call

Forward Guidance & Outlook

US Foods reaffirmed its fiscal year 2026 guidance: Net Sales growth of 4% to 6%, Adjusted EBITDA growth of 9% to 13%, and Adjusted Diluted EPS growth of 18% to 24%. The guidance includes the impact of a 53rd week in fiscal year 2026, which is expected to add approximately 1% to total case growth and Adjusted EBITDA growth.

USFD YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$3.0B$6.0B$9.0B$10.1B$10.5BRevenue$1.8B$1.9BGross Profit$372.0M$443.0MOperating Income$224.0M$275.0MNet Income
$0$3.0B$6.0B$9.0BRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.