Zacks Investment Research·1d ago
US Foods Q3 Earnings Surpass Estimates, Sales Increase Y/YUSFD's Q3 earnings beat estimates on stronger margins and case volumes, but sales fall short as it narrowed the fiscal 2026 growth outlook.
US Foods is executing a steady margin expansion story, with gross margin reaching 18.2% in 2026Q2 and operating leverage driving 18.4% operating income growth on 4.5% revenue growth.
Price trend, volume and key moving averages
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Revenue growth has moderated to 4.5% in 2026Q2, yet gross margin expanded to 18.2% and operating margin reached 4.2%, reflecting improved operating leverage.
US Foods Holding Corp. has a composite score of 78.4/100 in a quantitative model, placing it firmly in 'Strong Buy' territory, the highest conviction rating.
The company recorded steady revenue growth, rising 33.7% from 2021 to 2025, indicating strong top-line performance.
Gross profit expanded 5.05% year-over-year in 2025, supporting a stable gross margin near 17.4%, reflecting operational efficiency.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $1.26+0.8% vs $1.25 | $10.4B-1.7% vs $10.6B |
Q3 2026 Aug 6, 2026 | $1.44+5.9% vs $1.36 | $10.5B+0.7% vs $10.5B |
Q2 2026 May 7, 2026 | $0.78-3.7% vs $0.81 | $9.6B-0.5% vs $9.7B |
Q1 2026 Feb 12, 2026 | $1.04+4.0% vs $1.00 | $9.8B-0.9% vs $9.9B |
USFD's Q3 earnings beat estimates on stronger margins and case volumes, but sales fall short as it narrowed the fiscal 2026 growth outlook.
US Foods Holding Corp. ( USFD ) Q3 2026 Earnings Call November 5, 2026 9:00 AM EST Company Participants Michael Neese - Senior Vice President of Investor Relations David Flitman - CEO & Chairman of the Board Dirk Locascio - Executive VP & CFO Conference Call Participants Jacob Aiken-Phillips - Melius Research LLC Edward Kelly - Wells Fargo Securities, LLC, Research Division Lauren Silberman - Deutsche Bank AG, Research Division John Heinbockel - Guggenheim Securities, LLC, Research Division Kelly Bania - BMO Capital Markets Equity Research Alexander Slagle - Jefferies LLC, Research Division Peter Saleh - BTIG, LLC, Research Division Brian Harbour - Morgan Stanley, Research Division Mark Carden - UBS Investment Bank, Research Division Andrew Charles - TD Cowen, Research Division Rahul Krotthapalli - JPMorgan Chase & Co, Research Division Margaret-May Binshtok - Wolfe Research, LLC Danilo Gargiulo - Bernstein Institutional Services LLC, Research Division Presentation Operator Good morning, and welcome to US Foods Third Quarter 2026 Earnings Conference Call. [Operator Instructions] I will now turn the conference over to Michael Neese, Senior Vice President, Investor Relations.
US Foods (USFD) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.07 per share a year ago.
ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the third quarter of fiscal year 2026. Third Quarter Fiscal 2026 Highlights Total case volume increased 1.3%; independent restaurant case volume increased 5.0% Net sales increased 2.1% to $10.4 billion Gross profit increased 8.6% to $1.9 billion Net income increased 42.5% to $218 million Net income margin increased 60 basis points to.
Benchmark USFD against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for US Foods Holding Corp. (USFD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $106.67 | $23.49B | 29.28 | 4.08% | 1.97% | 18.38% | — | |
| $76.86 | $36.75B | 20.54 | 3.91% | 2.12% | 63.72% | 2.81% | |
| $107.50 | $16.89B | 42.84 | 7.17% | 0.57% | 8.18% | — | |
| $103.77 | $4.23B | 46.76 | 9.36% | 2.27% | 16.08% | — | |
| $45.30 | $2.74B | 33.92 | -1.99% | 0.27% | 5.32% | — | |
| $221.58 | $2.97B | 36.20 | 10.97% | 11.97% | 30.37% | 1.81% |
US Foods Holding Corp. (USFD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
US Foods Holding Corp. (USFD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jun 2, 2026·SEC
May 15, 2026·SEC
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US Foods Holding Corp. (USFD) stock FAQ — growth, dividends, profitability & financials explained
US Foods Holding Corp. (USFD) reported $40.34B in revenue over the trailing twelve months. Revenue was $39.42B in fiscal year 2025. That is 77% more than the $22.30B of fiscal year 2013.
US Foods Holding Corp. (USFD) grew revenue by 3.1% over the trailing twelve months, compared with the twelve months before.
Yes. US Foods Holding Corp. (USFD) earned $793.0M in net income over the trailing twelve months (a 2.0% net margin).
US Foods Holding Corp. (USFD) had a return on equity (ROE) of 18.4% over the trailing twelve months. That is above the market's typical 10-15%.
US Foods Holding Corp. (USFD) generated $1.05B in free cash flow over the trailing twelve months.
