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USFD - US Foods Holding: A Leader In A Fragmented And Resilient Industry
US Foods Holding Corp.
2024-05-16 12:16:34 ET
Summary
US Foods Holding has demonstrated strong top-line growth and expanding profit margins over the past three years.
In 1Q24, USFD's net sales continued to grow, driven by case volume growth and food cost inflation.
USFD's addressable markets are expected to grow until 2025, and the company has completed the acquisition of IWC Food Service to extend its reach into Tennessee.
In addition, USFD's net leverage ratio is well within management's guided range of 2.5x and 3x. Net leverage decreased 0.4x year-over-year.