US Foods Posts $10.4B Q3 Sales; Adjusted EPS Climbs 18%
US Foods reported $10.4 billion in third-quarter sales and $1.26 adjusted diluted EPS, and narrowed its 2026 growth outlook.
Rosemont, Illinois-based US Foods Holding Corp. reported third-quarter net sales of $10.402 billion on Thursday, up 2.1% from $10.191 billion a year earlier, and said diluted earnings rose 49.3% to $1.00 a share.
Adjusted diluted earnings were $1.26, up 17.8% from $1.07, matching the analyst consensus cited by Yahoo Finance. Revenue of about $10.4 billion missed the same outlet’s $10.61 billion consensus estimate. Net income climbed 42.5% to $218 million. Adjusted EBITDA rose 9.9% to $555 million, and the adjusted EBITDA margin expanded 38 basis points to 5.3%, according to the company’s release.
Volumes and customer mix
Total case volume increased 1.3%. Independent restaurant case volume rose 5.0%, extending what Chief Executive Dave Flitman called a streak of market-share gains to 22 consecutive quarters in that segment and 24 quarters in healthcare. Healthcare volume rose 3.3% and hospitality 3.7%, while chain restaurant volume fell 1.5%, the company said. Food cost inflation contributed about 0.4% to the sales increase.
Gross profit rose 8.6% to $1.904 billion. Operating expenses were $1.533 billion. Net debt stood at about $5.1 billion at quarter-end, or 2.4 times trailing twelve-month adjusted EBITDA, down from 2.7 times at the end of fiscal 2025.
Capital returns and outlook
US Foods repurchased $191 million of common stock in the quarter and $690 million in the first nine months. After the quarter ended, it closed the acquisition of Prime Line Distributors, a Fort Lauderdale specialty food distributor.
The company tightened fiscal 2026 guidance to net sales growth of 4% to 5%, from a prior 4% to 6%; adjusted EBITDA growth of 9% to 11%, from 9% to 13%; and adjusted diluted EPS growth of 18% to 20%, from 18% to 24%. The outlook includes a 53rd week that management expects to add about 1% to case and adjusted EBITDA growth. CFO Dirk Locascio said the narrower ranges reflect a slower macroeconomic backdrop and elevated fuel costs.
Sources: US Foods Investor Relations, Yahoo Finance
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