US Foods Q3 net income rises 55.8% to $148 million; narrows FY2024 guidance
US Foods reported fiscal third-quarter 2024 results for the period ended September 28, 2024, with net sales up 6.8% to $9.7 billion and net income up 55.8% to $148 million. The company also updated its fiscal 2024 outlook, raising the low end of its Adjusted EBITDA range and narrowing its Adjusted Diluted EPS range to $3.05 to $3.15.
Key points
- Net sales rose 6.8% to $9.7 billion; total case volume rose 3.8%
- Net income was $148 million, or $0.61 diluted EPS; Adjusted Diluted EPS was $0.85, up 21.4%
- Adjusted EBITDA rose 13.2% to $455 million; Adjusted EBITDA margin was 4.7%
- FY2024 Adjusted EBITDA guidance is $1.72 billion to $1.74 billion, up from $1.69 billion to $1.74 billion; Adjusted Diluted EPS guidance is $3.05 to $3.15, down from $3.00 to $3.20
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.