US FOODS HOLDING Reports Q2 FY2023 Earnings Results for June 30 2023
August 23, 2023
🌥️Earnings Overview
US FOODS HOLDING ($NYSE:USFD) reported their Q2 FY2023 earnings ending June 30th, 2023, with total revenue of USD 9013.0 million, a 2.1% increase from the prior year. Net income for the period was USD 182.0 million, representing a 160.0% growth from the year before.
Share Price
On Thursday, US FOODS HOLDING reported its second-quarter earnings results for June 30, 2023. The company is optimistic about the future, with CEO David Maloni saying in the earnings call that “We are off to a great start and are confident that we will continue to deliver strong results in the coming quarters.” He also noted that US FOODS HOLDING’s strategic investments in technology and innovation initiatives would help the company reach its long-term goals.
Overall, US FOODS HOLDING’s quarterly earnings report was positive and the company is well-positioned to deliver strong results going forward. Investors should watch the stock closely to see how the company continues to perform in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for USFD. More…
| Total Revenues | Net Income | Net Margin |
| 34.99k | 440 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for USFD. More…
| Operations | Investing | Financing |
| 1.16k | -221 | -756 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for USFD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.8k | 8.79k | 19.98 |
Key Ratios Snapshot
Some of the financial key ratios for USFD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.8% | 65.6% | 2.7% |
| FCF Margin | ROE | ROA |
| 2.7% | 14.5% | 4.6% |
Analysis
At GoodWhale, we have been doing an in-depth analysis of US FOODS HOLDING’s fundamentals. After our evaluation, we have concluded that this company is a medium risk investment in terms of both financial and business aspects. Our findings have further revealed two risk warnings in the balance sheet, and they are non-financial in nature. If you’d like to learn more about these risks, please sign up with us to access our insights. More…
Peers
The company services more than 250,000 customers, including restaurants, hotels, healthcare facilities, and government entities. US Foods Holding Corp’s competitors include Sysco Corp, Performance Food Group Co, Sligro Food Group NV, and other foodservice distributors.
– Sysco Corp ($NYSE:SYY)
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of brands includesSysco, ASSOCIATED FOODS, Brakes, EATON, EATON CORPORATION, EATON WERKE AG, EATON YALE & TOWNE, Firth Rixson, HYSTER-YALE GROUP, INC., INTERSTATE BATTERIES, IRWIN INDUSTRIAL TOOL COMPANY, JOY GLOBAL INC., KALMAR INDUSTRIES CORPORATION, KALMAR RTG CRANES AB, KALMAR SSL AB, KONE CORPORATION, KONGSBERG AUTOMOTIVE HOLDING ASA, KONGSBERG GRUPPEN ASA, KONGSBERG MARITIME AS, LENZE SE, LIEBHERR-INTERNATIONAL AG, LINCOLN ELECTRIC HOLDINGS, INC., LINDE AG, MANITOWOC COMPANY, INC., MARITIME Cranes AB, MARITIME Handling Solutions AB, MARITIME Industrial Services AB, MARITIME Motion Control AB, MARITIME Software Solutions AB, MARITIME Winches AB, NACCO INDUSTRIES, INC., NACCO MATERIALS HANDLING GROUP, INC., NATIONAL Presto Industries, Inc., Pettibone LLC, PORTEC RAIL PRODUCTS, INC., PRESTOLITE ELECTRIC, INC., REGGIANI MACCHINE SPA, ROSSIGNOL GROUP, S.A., SCANIA AB,SCANIA CV AB,SCANIA FINLAND OY,SCANIA LATIN AMERICA LTDA.,SCANIA NORGE AS,SCANIA PRODUCTION ANGERS S.A.S.,SCANIA PRODUCTION SöDERTäLJE AB,SCANIA REMAN CENTER ANGERS S.A.S.,SCANIA REMAN CENTER ZWOLLE B.V.,SCANIA TRUCKS UK LIMITED,SCANIA US INC.,SDLG HEAVY EQUIPMENT CO., LTD.,SENNEBOGEN LLC,SENNEBOGEN VERTRIEBS GMBH,SOUTHworth Products Group,Terex Corporation,Terex Aerial Work Platforms,Terex AWP US LLC,Terex Construction Americas LLC,Terex Cranes Global Marketing GmbH & Co. KG ,Terex Cranes Holding GmbH & Co. KG ,Terex Demag GmbH & Co. KGaA ,Terex Deutschland GmbH ,Terex Dodds Henry Limited ,Terex Ecotec Ltd ,Terex Equipment Limited ,Terex Financial Services Ltd ,Terex GB Limited ,Terex Germania GmbH ,Terex Global Sales and Marketing GmbH ,Terex Great Britain Limited ,Terex India Pvt. Ltd. ,Terex Italy S.r.l. ,Terex Japan Ltd. ,Terex Materials Processing ,Terex MHPS America Inc. ,Terex MHPS Australia Pty Ltd ,Terex MHPS Brasil Ltda. ,Terex MHPS Canada Inc.
– Performance Food Group Co ($NYSE:PFGC)
The company’s market cap is 7.13B as of 2022. The company’s ROE is 6.73%. The company is a food group that manufactures and sells food products.
– Sligro Food Group NV ($LTS:0MKM)
Sligro Food Group NV is a food retail company that operates in the Netherlands, Belgium, and Germany. The company has a market cap of 621.92M as of 2022 and a Return on Equity of 8.07%. Sligro Food Group NV is a food retail company that operates in the Netherlands, Belgium, and Germany. The company offers a wide range of food products, including fresh and frozen food, non-food products, and foodservice products.
Summary
US FOODS HOLDING reported their earnings results for the second quarter of FY2023, which ended on June 30 2023. The total revenue grew 2.1% year-over-year to USD 9013.0 million, and net income increased significantly by 160.0% to USD 182.0 million. Despite these positive results, the stock price declined the same day, suggesting that investors may not have been satisfied with the company’s performance. Analysts should consider the company’s current financial results and future prospects when evaluating US FOODS HOLDING as an investment opportunity.
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