NYSE$USFD

US Foods Holding Corp. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

US Foods' financial results were negatively impacted by the COVID-19 pandemic, but trends improved as the quarter progressed.

US Foods reported a decrease in net sales and gross profit due to the negative impact of COVID-19 on case volume. Net loss available to common shareholders was $97 million, and Adjusted EBITDA decreased 72.5% to $88 million.

  • Total case volume decreased 28.0%; total organic case volume decreased 40.2%.
  • Net sales decreased 29.2% to $4.6 billion.
  • Gross profit decreased 41.2% to $671 million.
  • Adjusted EBITDA decreased 72.5% to $88 million.

Headline financials

Total Revenue

$4.56B

Previous: $6.44B-29.2%
EPS (adj)

-$0.25

Previous: $0.64-139.1%
Adjusted EBITDA

$88M

Previous: $320M-72.5%
Total Case Volume Growth

-28.0%

No prior period
Capital Expenditures

-$131M

Previous: -$110M-19.1%
Free Cash Flow

-$223M

Previous: $6M-3816.7%
Net Income

-$92M

Previous: $116M-179.3%
Operating Income

-$59M

Previous: $194M-130.4%
Gross Profit

$671M

Previous: $1.14B-41.2%
Cash & Equivalents

$1.67B

Previous: $96M+1637.5%
Total Assets

$13.5B

Previous: $9.34B+44.9%
Stock-Based Comp

$12M

Previous: $9M+33.3%

Revenue & EPS history

US Foods · Revenue · Quarterly

$4.56B

Q2 2020-29.2%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Due to the continued uncertainty associated with COVID-19, the company withdrew its fiscal 2020 financial guidance on March 23, 2020 and is not providing financial guidance at this time.

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 Q2 2020

Historical avgQ2 2020

+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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