US Foods (USFD) Q3 2026 Earnings
Adjusted EPS excludes restructuring activity and asset impairment charges of $34 million, share-based compensation of $22 million, a LIFO reserve benefit of $(3) million, business transformation costs of $5 million and business acquisition, integration and other costs of $3 million; GAAP diluted EPS was $1.00.
How Did USFD Stock React to Q3 2026 Earnings?
Did USFD Beat Earnings? Q3 2026 Results
Yes. US Foods reported Q3 2026 earnings of $1.26 a share on Nov 5, 2026, beating the $1.25 consensus estimate by 1.0%. Revenue was $10.4B against a $10.6B estimate.
US Foods Holding Corp. delivered a mixed third quarter of fiscal 2026, posting adjusted diluted EPS of $1.26, narrowly ahead of the $1.25 consensus estimate, while revenue of $10.40 billion rose 2.1% year over year but came in below the $10.58 billion analysts had expected. The profit beat was driven largely by strong volume momentum in higher-margin customer segments, with independent restaurant cases up 5.0%, hospitality up 3.7% and healthcare up 3.3%, even as chain volumes slipped 1.5%. A favorable $49 million year-over-year LIFO swing and disciplined cost management also helped lift adjusted EBITDA by 9.9%, with the margin widening 38 basis points to 5.3%. Aggressive share repurchases, with $690 million returned to shareholders year to date, further supported per-share results. Looking ahead, management tightened its fiscal 2026 outlook toward the lower end of prior ranges, now guiding for net sales growth of 4% to 5% and adjusted diluted EPS growth of 18% to 20%, citing a sustained softer macroeconomic backdrop and elevated fuel costs as key constraints.
- Total case volume up 1.3% (organic 1.2%)
- Independent restaurant case volume up 5.0%
- Healthcare volume up 3.3%
- Hospitality volume up 3.7%
- Food cost inflation of 0.4%
- Improved cost of goods sold
- $49 million favorable year-over-year LIFO adjustment
- Actions to streamline administrative processes and costs
- Lower diluted share count from share repurchases
“Our third quarter results reflect the strength of our strategy and disciplined execution, with continued market share gains and strong earnings growth.”
US Foods CEO, on the earnings call
What Is US Foods's Outlook?
US Foods tightened its fiscal 2026 guidance to reflect a sustained slower macroeconomic environment and elevated fuel costs. It now expects net sales growth of 4% to 5% (previously 4% to 6%), Adjusted EBITDA growth of 9% to 11% (previously 9% to 13%) and Adjusted Diluted EPS growth of 18% to 20% (previously 18% to 24%). Guidance includes a 53rd week, expected to add approximately 1% to total case growth and Adjusted EBITDA growth. Management expects to keep compounding Adjusted EPS growth at a double-digit rate, generate strong cash flow, pursue tuck-in acquisitions and return capital to shareholders.
USFD YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $10.4B | $10.2B | +2.1% |
| Gross Profit | $1.9B | $1.8B | +8.6% |
| Operating Income | $371.0M | $282.0M | +31.6% |
| Net Income | $218.0M | $153.0M | +42.5% |
When Does US Foods Report Next?
Figures from SEC filings and company reports. Not investment advice.