NYSE$USFD

US Foods Holding Corp. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

US Foods' operational and financial discipline drove increased volumes and profitable growth.

US Foods reported a strong third quarter with significant growth in net sales, gross profit, and adjusted EBITDA. The company benefited from increased leisure and business travel, as well as continued increased restaurant traffic. However, supply chain headwinds are expected to persist into 2022.

  • Total case volume increased 18.5%; independent restaurant case volume increased 25.1%.
  • Net sales increased 34.9% to $7.9 billion.
  • Adjusted EBITDA increased 39.2% to $291 million.
  • Diluted EPS was $0.24; Adjusted Diluted EPS was $0.48.

Headline financials

Total Revenue

$7.89B

Previous: $5.85B+34.9%
EPS (adj)

$0.48

Previous: $0.15+220.0%
Adjusted EBITDA

$291M

Previous: $209M+39.2%
Total Case Volume Growth

18.5%

Previous: -8.9%+307.9%
Food Cost Inflation

11.5%

No prior period
Adjusted EBITDA Margin

3.7%

No prior period
Capital Expenditures

-$173M

Previous: -$154M-12.3%
Free Cash Flow

-$109M

Previous: -$146M+25.3%
Net Income

$64M

Previous: $8M+700.0%
Operating Income

$135M

Previous: $78M+73.1%
Gross Profit

$1.24B

Previous: $974M+27.4%
Cash & Equivalents

$772M

Previous: $1.02B-24.2%
Total Assets

$13.1B

Previous: $12.8B+2.5%

Revenue & EPS history

US Foods · Revenue · Quarterly

$7.89B

Q3 2021+34.9%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

While supply chain headwinds persist and are expected to continue into 2022, we’re pleased to see tangible and enduring signs that the industry is recovering, which allows us to refocus our energy and resources on our Great Food. Made Easy. strategy. We are focused on profitably growing market share, smartly optimizing our margins and improving operational efficiencies. Together, these initiatives are designed to position US Foods to benefit from a strengthening economy and create value for our shareholders.

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 2021

Historical avgQ3 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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