Reports Q2 revenue $10.1B, consensus $10.19B. “Our second quarter performance underscores the strength of our team’s continued focus on execution and delivering value to our customers. This momentum has fueled further market share gains with independent restaurant, healthcare and hospitality customers, resulting in record Adjusted EBITDA of $548 million and a 40 basis point increase in Adjusted EBITDA margin to a record 5.4%,” said Dave Flitman, CEO. “Looking ahead, we have a long runway of growth and profitability as we pursue our ambition to become the undisputed best in our industry. I am incredibly proud and appreciative of our talented team of 30,000 associates, whose dedication and hard work are delivering on our promise to help our customers Make It.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USFD:
- Notable companies reporting before tomorrow’s open
- US Foods price target raised to $96 from $84 at UBS
- US Foods price target raised to $89 from $84 at Morgan Stanley
- Wells sees US Foods, Performance report as reason for bullishness
- Video: Capricor plunges after CRL, Performance Foods up after seeing interest
