US Foods 3Q Sales Rise - Modern Distribution Management

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US Foods 3Q Sales Rise

US Foods Holding Corp. reported that 2021 third-quarter sales were $7.9 billion, a 34.9% increase over the same period in 2020.
In the latest earnings reporting p

US Foods Holding Corp. (NYSE: USFD), Rosemont, Illinois, had net sales of $7.9 billion in the third quarter of 2021, a 34.9% leap over the same period a year ago.

Total case volume increased 18.5%, while gross profit increased 27.4% to $1.2 billion.

Net income available to common shareholders was $55 million, US Foods said.

Through the first nine months of 2021, net sales increased 30.5% year-over-year to $21.8 billion.

Net income available to common shareholders was $62 million.

“In the third quarter, US Foods’ continued operational and financial discipline helped drive increased volumes and profitable growth,” said Chairman and CEO Pietro Satriano. “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.”

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