US Foods (USFD) Q3 2025 Earnings
How Did USFD Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +1.90%.
Did USFD Beat Earnings? Q3 2025 Results
Yes. US Foods reported Q3 2025 earnings of $1.07 a share on Nov 6, 2025, beating the $1.03 consensus estimate by 3.7%. Revenue was $10.2B against a $10.2B estimate.
US Foods posted a beat on both the top and bottom lines in the third quarter of fiscal 2025, with adjusted diluted EPS of $1.07 beating the consensus estimate of $1.03 by 3.73% and net sales of $10.19 billion edging past expectations by 0.23% while rising 4.8% year-over-year. The standout driver behind the quarter's strength was a deliberate pivot toward higher-margin customers, with independent restaurant case volume climbing 3.9% and healthcare volume rising by the same measure, offsetting a 2.4% decline in chain volume that reflected the company's strategic repositioning. Adjusted EBITDA grew 11.0% to $505 million, with margin expanding 28 basis points to 5.0%, while aggressive share repurchases, totaling roughly $335 million in the quarter alone, helped push adjusted diluted EPS growth to 25.9% year-over-year. Despite shares dipping on the day despite the beat, management raised its full-year adjusted diluted EPS growth guidance to 24%-26% and narrowed net sales growth to 4%-5%, signaling confidence in sustained execution through year-end.
- Independent restaurant case volume growth of 3.9%
- Healthcare volume growth of 3.9%
- Hospitality volume growth of 2.4%
- Food cost inflation of 3.0%
- Improved cost of goods sold and inventory management
- Distribution productivity improvement
- Actions to streamline administrative processes and costs
- Adjusted EBITDA margin expansion of 28 basis points
“Our third quarter performance reflects our team's ability to consistently deliver earnings growth through share gains and margin expansion. We generated double-digit Adjusted Diluted EPS growth during the quarter, fueled by continued growth across our three target customer types and further progress on our self-help initiatives. We're focused on delivering long-term shareholder value and disciplined capital allocation – investing for growth while executing share repurchases and targeted tuck-in M&A. I thank our associates for their commitment to our customers' success and serving them with excellence.”
US Foods CEO, on the earnings call
What Was US Foods's Outlook in Q3 2025?
US Foods updated its Fiscal Year 2025 guidance: Net Sales growth of 4% to 5% (narrowed from 4% to 6%); Adjusted EBITDA growth of 10% to 12% (raised low end from 9.5%); Adjusted Diluted EPS growth of 24% to 26% (raised from 19.5% to 23%). The company is targeting to close the acquisition of Shetakis, an independent food distributor in Las Vegas, in Q4 2025.
USFD YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $10.2B | $9.7B | +4.8% |
| Gross Profit | $1.8B | $1.7B | +5.2% |
| Operating Income | $282.0M | $279.0M | +1.1% |
| Net Income | $153.0M | $148.0M | +3.4% |
Figures from SEC filings and company reports. Not investment advice.