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US Foods Reports First Quarter Fiscal 2020 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first quarter of fiscal 2020. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from the Food Group of Companies (the "Food Group"), which was acquired on Sept. 13, 2019.

First Quarter Fiscal 2020 Highlights

  • Total case volume increased 3.4%; independent restaurant case volume increased 0.5%
  • Total organic case volume decreased 7.3%; independent restaurant organic case volume decreased 7.4%
  • Net sales increased 5.1% to $6.3 billion
  • Gross profit increased 1.3% to $1.1 billion
  • Loss before income taxes was...

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