Q1 26 EPS
$0.78
MISS 3.61%
Est. $0.81
Q1 26 Revenue
$9.61B
MISS 0.50%
Est. $9.66B
vs S&P Since Q1 26
0.0%
TRAILING MARKET
USFD +1.4% vs S&P +1.4%
Market Reaction
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 me… Read more 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%
USFD 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, source: SEC Filings
“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.”
— Dave Flitman, Q1 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| 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% |