NYSE$USFD

US Foods Holding Corp. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

US Foods experienced a mixed first quarter with decreased net sales and gross profit, but saw recovery in case volume with restaurant and hospitality customers.

US Foods reported a decrease in net sales by 0.7% to $6.3 billion and a decrease in gross profit by 5.9% to $1.0 billion for the first quarter of fiscal 2021. The company experienced a net loss of $39 million. Adjusted EBITDA decreased by 2.8% to $172 million. However, there was a meaningful recovery in case volume with restaurant and hospitality customers.

  • Total case volume decreased 0.9%; independent restaurant case volume increased 8.1%.
  • Total organic case volume decreased 6.4%; organic independent restaurant case volume increased 0.2%.
  • Net sales decreased 0.7% to $6.3 billion.
  • Adjusted EBITDA decreased 2.8% to $172 million.

Headline financials

Total Revenue

$6.3B

Previous: $6.34B-0.7%
EPS (adj)

$0.12

Previous: $0.15-20.0%
Adjusted EBITDA

$172M

Previous: $177M-2.8%
Capital Expenditures

-$46M

Previous: -$79M+41.8%
Free Cash Flow

-$70M

Previous: -$211M+66.8%
Net Income

-$24M

Previous: -$132M+81.8%
Operating Income

$28M

Previous: -$126M+122.2%
Gross Profit

$1B

Previous: $1.07B-5.9%
Cash & Equivalents

$912M

Previous: $1.08B-15.3%
Total Assets

$13B

Previous: $12B+8.5%

Revenue & EPS history

US Foods · Revenue · Quarterly

$6.3B

Q1 2021-0.7%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Due to the continued uncertainty associated with COVID-19 and the timing of a recovery, the company is not providing financial guidance for fiscal 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.6%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+2.6%

Avg return

30 days after

64%

29 / 45 earnings

Positive

+15.5%

Q3 2022

Best reaction

-16.7%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.7%-8.8%-8.1%
Q4 2025+13.4%+8.0%+5.2%
Q3 2025-3.8%-2.6%+1.5%
Q1 2025+3.8%+6.8%+12.5%
Q4 2024+1.7%+1.3%-6.3%
Q3 2024+1.7%+1.8%+9.4%
Q2 2024+1.8%+5.3%+11.8%
Q1 2024+4.6%+4.1%+2.0%
Q4 2023+5.6%+6.0%+15.0%
Q3 2023+3.5%+5.8%+8.7%
Q2 2023-2.8%-5.8%-7.9%
Q1 2023+8.2%+7.0%+10.4%
Q4 2022+7.2%+6.3%-5.1%
Q3 2022+15.5%+15.1%+17.7%
Q2 2022+3.0%+3.0%-3.0%
Q1 2022+1.6%+2.4%-13.2%
Q4 2021-2.2%-3.7%-5.2%
Q3 2021-7.5%-11.8%-11.6%
Q2 2021+1.7%+0.6%-3.3%
Q1 2021-4.2%-2.9%-3.9%
Q4 2020-4.6%-1.3%-0.1%
Q3 2020+10.2%+11.6%+55.8%
Q2 2020+9.1%+15.5%+20.8%
Q1 2020-8.3%-1.6%+5.9%
Q4 2019-0.7%-0.6%-50.8%
Q3 2019+0.8%-2.8%+0.0%
Q2 2019+10.3%+10.8%+16.0%
Q1 2019+3.6%+5.5%-2.1%
Q4 2018+0.6%+0.1%-1.8%
Q3 2018+13.4%+12.5%+15.0%
Q2 2018-16.7%-18.5%-20.9%
Q1 2018+1.6%+1.1%+10.2%
Q4 2017+9.3%+6.6%+14.3%
Q3 2017-1.1%-1.3%+13.6%
Q2 2017-5.8%-6.4%-5.3%
Q1 2017-2.4%-0.3%+3.5%
Q4 2015-0.9%-1.2%-0.3%
Q4 2014-0.9%-1.2%-0.3%
Q4 2016-0.9%+1.6%-0.9%
Q3 2016+1.1%+1.8%+6.6%
Q3 2015+1.1%+1.8%+6.6%
Q2 2015+1.4%+1.6%+1.4%
Q1 2016+1.4%+1.6%+1.4%
Q1 2015+1.4%+1.6%+1.4%
Q2 2016+1.4%+1.6%+1.4%

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