US Foods Holding Corp. (NYSE:USFD) stock slipped on Thursday after the foodservice distributor reported first-quarter 2026 results.
Quarter In Detail
The company reported first-quarter adjusted earnings per share of 78 cents, missing the analyst consensus estimate of 81 cents. Quarterly sales of $9.610 billion (+2.8%) missed the Street view of $9.647 billion.
In the quarter under review, total case volume increased 1.4%, while independent restaurant case volume increased 4.6%.
Healthcare volume rose 3.7% and hospitality volume increased 5%, partially offset by a 2.3% decline in chain volume.
Gross profit increased 2.4% to $1.7 billion. The growth slowed partly because of a $33 million unfavorable LIFO inventory adjustment.
Adjusted gross profit was $1.7 billion, an increase of $72 million, or 4.4% from the prior year. Adjusted gross profit as a percentage of net sales was 17.6%.
Adjusted …
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