US Foods Reports First Quarter Fiscal 2020 Earnings
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US Foods (USFD) Misses Q1 EPS by 13c
May 5, 2020 6:47 AM EDTUS Foods (NYSE: USFD) reported Q1 EPS of $0.15, $0.13 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $6.3 billion versus the consensus estimate of $6.31 billion.
First Quarter Fiscal 2020 Highlights
Total case volume increased 3.4%; independent restaurant case volume increased 0.5%Total organic case volume decreased 7.3%; independent restaurant organic case volume decreased 7.4%Net sales increased 5.1% to $6.3 billionGross profit increased 1.3% to $1.1 billionLoss before income taxes was $172 millionNet loss was $132 millionAdjusted EBITDA decreased 23.7% to $177 millionDiluted EPS loss was $0.60; Adjusted Diluted EPS decreased $0.26 to... More