US Foods Reports Third Quarter Fiscal Year 2024 Earnings
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US Foods Holding Corp. reported strong third quarter fiscal year 2024 earnings with a 6.8% increase in net sales to $9.7 billion and an 8.1% rise in gross profit to $1.7 billion. Net income reached $148 million, and adjusted EBITDA grew by 13.2% to $455 million.
November 07, 2024 | 12:00 pm
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US Foods reported a strong performance in Q3 FY2024 with significant increases in net sales, gross profit, and adjusted EBITDA, indicating robust business growth.
The reported increases in net sales, gross profit, and adjusted EBITDA suggest strong operational performance and financial health, likely leading to a positive short-term impact on USFD's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100