US Foods (USFD) Q1 2026 Earnings
How Did USFD Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +0.75%.
Did USFD Beat Earnings? Q1 2026 Results
No. US Foods reported Q1 2026 earnings of $0.78 a share on May 7, 2026, missing the $0.81 consensus estimate by 3.6%. Revenue was $9.6B against a $9.7B estimate.
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%.
- 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
What Was US Foods's Outlook in Q1 2026?
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
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $9.6B | $9.4B | +2.8% |
| Gross Profit | $1.7B | $1.6B | +2.4% |
| Operating Income | $216.0M | $224.0M | −3.6% |
| Net Income | $116.0M | $115.0M | +0.9% |
Figures from SEC filings and company reports. Not investment advice.