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.
Synopsis
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US Foods Holding: A Leader In A Fragmented And Resilient Industry