Q2 26 EPS Adjusted
$1.44
BEAT +5.65%
Est. $1.36
Q2 26 Revenue
$10.53B
BEAT +0.66%
Est. $10.46B
vs S&P Since Q2 26
+9.9%
BEATING MARKET
USFD +10.4% vs S&P +0.5%
Market Reaction
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… Read more 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%
USFD 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, source: SEC Filings
“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.”
— Dave Flitman, Q2 2026 Earnings Press Release
USFD Earnings Trends
USFD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
USFD EPS Trend
Earnings per share: estimate vs actual
USFD Revenue Trend
Quarterly revenue: estimate vs actual
USFD Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.36 | $1.44 | +5.65% | $10.53B | +0.66% |
| Q1 26 MISS | $0.81 | $0.78 | -3.61% | $9.61B | -0.50% |
| Q4 25 BEAT FY | $1.01 | $1.04 | +3.41% | $9.80B | -1.02% |
| FY Full Year | $3.94 | $3.98 | +0.98% | $39.42B | -0.27% |
| Q3 25 BEAT | $1.03 | $1.07 | +3.73% | $10.19B | +0.23% |
| Q2 25 BEAT | $1.13 | $1.19 | +5.13% | $10.08B | -1.01% |
| Q1 25 MISS | $0.69 | $0.68 | -2.05% | $9.35B | -0.43% |
| Q4 24 BEAT FY | $0.80 | $0.84 | +4.37% | $9.49B | -0.05% |
| FY Full Year | $3.13 | $3.15 | +0.77% | $37.88B | -0.02% |