NYSE$USFD

US Foods Holding Corp. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

US Foods reported strong second quarter results driven by market reopenings and increased demand.

US Foods reported a significant increase in net sales and adjusted EBITDA for the second quarter of fiscal 2021. The company benefited from the lifting of in-person dining restrictions and an increase in leisure travel.

  • Total case volume increased 53.5%, with independent restaurant case volume up 79.1%.
  • Net sales increased 68.0% to $7.7 billion.
  • Gross profit increased 74.2% to $1.2 billion.
  • Adjusted EBITDA increased 277.3% to $332 million.

Headline financials

Total Revenue

$7.66B

Previous: $4.56B+68.0%
EPS (adj)

$0.58

Previous: -$0.25+332.0%
Adjusted EBITDA

$332M

Previous: $88M+277.3%
Total Case Volume Growth

53.5%

Previous: -28.0%+291.1%
Food Cost Inflation

8.2%

No prior period
Capital Expenditures

-$107M

Previous: -$131M+18.3%
Free Cash Flow

-$52M

Previous: -$223M+76.7%
Net Income

$55M

Previous: -$92M+159.8%
Operating Income

$124M

Previous: -$59M+310.2%
Gross Profit

$1.17B

Previous: $671M+74.2%
Cash & Equivalents

$699M

Previous: $1.67B-58.1%
Total Assets

$13.1B

Previous: $13.5B-3.4%

Revenue & EPS history

US Foods · Revenue · Quarterly

$7.66B

Q2 2021+68%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

While supply chain labor is expected to remain challenging for the next few quarters, the company remains focused on delivering profitable growth as the industry continues to recover.

Headwinds

  • Supply chain labor is expected to remain challenging for the next few quarters.

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 2021

Historical avgQ2 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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