NYSE$USFD

US Foods Holding Corp. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

US Foods' Q4 2020 earnings declined due to the impact of COVID-19, despite actions taken to reduce operating costs and the contribution from Smart Foodservice acquisition.

US Foods reported a decrease in net sales and adjusted EBITDA for the fourth quarter of fiscal year 2020, primarily due to the negative impact of COVID-19. While total case volume and independent restaurant case volume decreased, the company focused on operational efficiencies and benefited from the Smart Foodservice acquisition.

  • Total case volume decreased by 10.2%, with independent restaurant case volume down by 6.0%.
  • Net sales decreased by 11.5% to $6.1 billion.
  • Gross profit decreased by 18.5% to $1.0 billion.
  • Adjusted EBITDA decreased by 48.1% to $174 million.

Headline financials

Total Revenue

$6.14B

Previous: $6.93B-11.5%
EPS (adj)

$0.05

Previous: $0.66-92.4%
Adjusted EBITDA

$174M

Previous: $335M-48.1%
Net Income

-$10M

Previous: $92M-110.9%
Operating Income

$30M

Previous: $186M-83.9%
Gross Profit

$1.01B

Previous: $1.24B-18.5%
Cash & Equivalents

$828M

Previous: $90M+820.0%
Total Assets

$12.4B

Previous: $11.3B+10.1%

Revenue & EPS history

US Foods · Revenue · Quarterly

$6.14B

Q4 2020-11.5%vs Q4 2019
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 Q4 2020

Historical avgQ4 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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