ROSEMONT, IL - US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first quarter of fiscal year 2025.

First Quarter Fiscal 2025 Highlights

• Total case volume increased 1.1%; independent restaurant case volume increased 2.5%
• Net sales increased 4.5% to $9.4 billion
• Gross profit increased 8.0% to $1.6 billion
• Net income increased 40.2% to $115 million
• Adjusted EBITDA increased 9.3% to $389 million
• Diluted EPS increased 48.5% to $0.49; Adjusted Diluted EPS increased 25.9% to $0.68

“Durin the first quarter we outperformed the industry and again delivered strong profitability, with Adjusted EBITDA growing 9% and Adjusted Diluted EPS increasing 26%, despite the challenging operating environment and weather-related headwinds. Our results speak to the strength of our customer value proposition and relentless execution of our strategy,” said Dave Flitman, CEO. “We are delivering consistent share gains with our target customer types, including our 16th consecutive quarter of growth with independent restaurants and 18th consecutive quarter of growth with healthcare.”

Flitman added, “Our focused strategy, combined with our ability to drive improved profitability through controlling what we can control, highlight the resilience of our business model and our ability to adjust to any macro environment. I thank our associates for their hard work and dedication supporting our customers and executing our strategy. Despite near-term macro uncertainty, I remain confident that we will deliver on our 2025 guidance of 8% to 12% Adjusted EBITDA growth and 17% to 23% Adjusted Diluted EPS growth.”

“We again delivered operating leverage improvement, as Adjusted Gross Profit grew faster than Adjusted Operating Expenses, which was driven by our self-help initiatives,” added Dirk Locascio, CFO, in a recent press release. “We remain focused on effective execution of our initiatives aimed at expanding margins, delivering strong earnings growth, and generating substantial cash flow, which drives our confidence in achieving our long-range plan.”

“I am also excited to announce that our Board authorized a new $1 billion share repurchase program, which demonstrates our commitment to return capital to shareholders. Enabled by our strong cash flow and capital structure, we expect to return to more meaningful share repurchases in the second quarter and the balance of the year.”

See the full report here.