Companies /Consumer Defensive

US Foods Holding Corp

NYSE: USFD Food Distribution
$104.04
▼ $0.37 (−0.35%) today
Markets closed · 6:17pm ET

Q1 2026 Earnings

Reported May 7, 2026, 6:47am ET · SEC source
$0.78
Miss −3.61%
EPS · est. $0.81
$9.6B
Miss −0.50%
Revenue · est. $9.7B
+2.0%
Beating market
USFD vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0May 7May 8report 6:47am ETearnings+0.3%−5.2%
−6%−3%0May 7May 8earnings+0.3%−5.2%
USFD −5.2%S&P 500 +0.3%
−6%−3%0May 7May 8report 6:47am ETearnings+1.8%−5.2%
−6%−3%0May 7May 8earnings+1.8%−5.2%
USFD −5.2%NASDAQ +1.8%
−8%−4%0May 6May 14report 6:47am ETearnings+1.9%−8.8%
−8%−4%0May 6May 14earnings+1.9%−8.8%
USFD −8.8%S&P 500 +1.9%
−8%−4%0+4%May 6May 14report 6:47am ETearnings+3.5%−8.8%
−8%−4%0+4%May 6May 14earnings+3.5%−8.8%
USFD −8.8%NASDAQ +3.5%
−5.62%
Day of report
−2.85%
Next session
−3.36%
One week
+2.73%
30 days

S&P 500 over the same 30 days: +0.75%.

Did USFD Beat Earnings? Q1 2026 Results

US Foods delivered a modest top-line miss in its fiscal first quarter of 2026, with revenue of $9.61 billion falling short of the $9.66 billion consensus by 0.50% and adjusted diluted EPS of $0.78 trailing the $0.81 estimate by 3.61%, even as both metrics reflected underlying operational progress. Net sales grew 2.8% year-over-year, supported by total case volume growth of 1.4% and food cost inflation of 1.0%, with the independent restaurant segment standing out at 4.6% case volume growth amid what CEO Dave Flitman described as a deteriorating macro environment and weather-related disruptions. A $33.00 million unfavorable LIFO adjustment swing, with charges rising to $38.00 million from just $5.00 million a year ago, weighed on reported margins and net income, though adjusted EBITDA grew 6.2% to $413.00 million. Separately, Flitman recently assumed the additional role of Chair of the Board, consolidating strategic and operational leadership as the company reaffirmed full-year guidance calling for net sales growth of 4% to 6% and adjusted diluted EPS growth of 18% to 24%.

Key Takeaways
  • Independent restaurant case volume growth accelerated to 4.6%
  • Total case volume growth of 1.4%
  • Food cost inflation of 1.0% contributed to net sales growth
  • Improved cost of goods sold and distribution productivity improvements
  • Actions to streamline administrative processes and costs
  • Share count reduction from buybacks drove Adjusted Diluted EPS growth of 14.7%, faster than Adjusted EBITDA growth of 6.2%
  • Adjusted EBITDA margin expanded 14 basis points to 4.3%

“During the first quarter, we accelerated year-over-year independent restaurant case growth, gained share with our target customer types and delivered 15% Adjusted Diluted EPS growth despite a deteriorating macro environment and weather-related disruptions.”

US Foods CEO, on the earnings call

Forward Guidance & Outlook

US Foods reaffirmed its full 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

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$3.0B$6.0B$9.0B$9.4B$9.6BRevenue$1.6B$1.7BGross Profit$224.0M$216.0MOperating Income$115.0M$116.0MNet Income
$0$3.0B$6.0B$9.0BRevenueGross ProfitOperating IncomeNet Income

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