NYSE$USFD

US Foods Holding Corp. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

US Foods' Q3 2020 earnings were impacted by COVID-19 but showed resilience through market share gains and cost management.

US Foods reported a decrease in net sales and adjusted EBITDA for the third quarter of fiscal 2020, primarily due to the impact of COVID-19. However, the company demonstrated resilience by gaining market share, improving adjusted gross profit margin, and managing costs effectively.

  • Total case volume decreased by 8.9%, with organic case volume down 22.2%.
  • Net sales decreased by 10.5% to $5.8 billion.
  • Adjusted EBITDA decreased by 31.9% to $209 million.
  • Diluted EPS loss was $0.01, while Adjusted Diluted EPS was $0.15.

Headline financials

Total Revenue

$5.85B

Previous: $6.53B-10.5%
EPS (adj)

$0.15

Previous: $0.65-76.9%
Adjusted EBITDA

$209M

Previous: $307M-31.9%
Total Case Volume Growth

-8.9%

No prior period
Capital Expenditures

-$154M

Previous: -$157M+1.9%
Free Cash Flow

-$146M

Previous: -$51M-186.3%
Net Income

$8M

Previous: $106M-92.5%
Operating Income

$78M

Previous: $188M-58.5%
Gross Profit

$974M

Previous: $1.16B-15.7%
Cash & Equivalents

$1.02B

Previous: $90M+1032.2%
Total Assets

$12.8B

Previous: $11.5B+11.0%

Revenue & EPS history

US Foods · Revenue · Quarterly

$5.85B

Q3 2020-10.5%vs Q3 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 Q3 2020

Historical avgQ3 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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