US Foods reports Q3 adjusted EPS $1.07, consensus $1.03

Reports Q3 revenue $10.2B, consensus $10.17B. Total case volume increased 1.1%; independent restaurant case volume increased 3.9%. “Our third quarter performance reflects our team’s ability to consistently deliver earnings growth through share gains and margin expansion,” said Dave Flitman, CEO. “We generated double-digit Adjusted Diluted EPS growth during the quarter, fueled by continued growth across our three target customer types and further progress on our self-help initiatives. We’re focused on delivering long-term shareholder value and disciplined capital allocation – investing for growth while executing share repurchases and targeted tuck-in M&A. I thank our associates for their commitment to our customers’ success and serving them with excellence.”