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US Foods

USFD Q2 2025 Earnings

Reported Aug 7, 2025 at 6:48 AM ET · SEC Source

Q2 25 EPS

$1.19

BEAT +5.13%

Est. $1.13

Q2 25 Revenue

$10.08B

MISS 1.01%

Est. $10.19B

vs S&P Since Q2 25

+5.8%

BEATING MARKET

USFD +19.8% vs S&P +14.0%

Market Reaction

Did USFD Beat Earnings? Q2 2025 Results

US Foods posted a solid second quarter of fiscal 2025, with adjusted diluted EPS of $1.19 beating the $1.13 consensus by 5.13%, even as revenue of $10.08 billion came in just 1.01% below expectations despite growing 3.8% year over year. The headline … Read more US Foods posted a solid second quarter of fiscal 2025, with adjusted diluted EPS of $1.19 beating the $1.13 consensus by 5.13%, even as revenue of $10.08 billion came in just 1.01% below expectations despite growing 3.8% year over year. The headline driver was a record adjusted EBITDA of $548 million, reflecting 40 basis points of margin expansion to a record 5.4%, as the company wrung meaningful productivity gains out of its distribution network and kept administrative cost growth well below volume growth. Independent restaurant case volume rising 2.7%, healthcare up 4.9%, and hospitality up 2.4% powered broad-based market share gains, helping net income climb 13.1% to $224 million. Those strong earnings results gave management enough confidence to raise full-year guidance, narrowing adjusted EBITDA growth to 9.5%–12% and adjusted diluted EPS growth to 19.5%–23%, while the company's net leverage tightened to 2.6x on the back of $725 million in year-to-date operating cash flow.

Key Takeaways

  • • Independent restaurant case volume growth of 2.7%
  • • Healthcare case volume growth of 4.9%
  • • Hospitality case volume growth of 2.4%
  • • Food cost inflation of 2.5% contributing to net sales growth
  • • Improved cost of goods sold and inventory management
  • • Continued distribution productivity improvement
  • • Actions to streamline administrative processes and costs
  • • Accretive share repurchases amplifying EPS growth
  • • Adjusted EBITDA margin expansion of 40 basis points to record 5.4%
24/7 Wall St

USFD YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

“Our second quarter performance underscores the strength of our team's continued focus on execution and delivering value to our customers. This momentum has fueled further market share gains with independent restaurant, healthcare and hospitality customers, resulting in record Adjusted EBITDA of $548 million and a 40 basis point increase in Adjusted EBITDA margin to a record 5.4%.”

— Dave Flitman, Q2 2025 Earnings Press Release

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