Self-inflicted problems took their toll on US Foods (USFD) in 2018, but it looks like those service issues (which impacted fill rates and on-time performance) are behind the company, and it likewise looks as though customer volumes are willing to give the company another chance. Add in ongoing opportunities to drive share-of-wallet with existing customers, penetrate further into the independent restaurant market, and drive more private label adoption, and there’s still a credible case for above-average revenue and profit growth here.
Slightly Better Results To Star FY 2019
US Foods earnings reports are