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US Foods USFD Q2 2026 earnings

Reported August 6, 2026 · Before market open

Our team delivered another strong quarter, highlighted by accelerating volume growth, record Adjusted EBITDA and Adjusted EBITDA margin and strong Adjusted EPS growth in what remains a challenging but stable industry environment. Importantly, our results are in line with our long-range plan, including 10% Adjusted EBITDA growth and 21% Adjusted Diluted EPS growth driven by 29 basis points of margin expansion and 5% independent restaurant case growth. By leveraging our continuous improvement and self-help culture, we are enhancing service, improving productivity and delivering sustainable, profitable growth. I remain confident in our ability to continue to gain share with our target customer types, further improve customer service levels, deploy our strong and accelerating cash flow with discipline and compound earnings growth over time. I thank our 30,000 associates for their hard work and commitment to delivering excellence in serving our customers and pursuing our ambition to become the undisputed best in our industry.
Dave Flitman

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$10.6B
EPS estimate$1.25

Financials

Q2 2026

Income statement

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Revenue$10.5B+4.5%
Gross profit$1.9B+8.0%
Operating income$443.0M+19.1%
Net income$275.0M+22.8%
EPS (diluted)$1.24+29.2%

Balance sheet

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Cash & equivalents$56.0M-8.2%
Total debt$5.2B+8.4%
Total equity$4.3B-7.5%
Total assets$14.3B+4.0%

Cash flow

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Operating cash flow$431.0M+29.0%
CapEx$76.0M-1.3%
Free cash flow$355.0M+38.1%

Valuation & ratios

Valuation

as of 09/17/26
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Market cap$20.01B+12.8%
Enterprise value$25.19B+11.9%
P/E27.5×-4.6×
P/S0.5×0.0×

Profitability

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Gross margin17.6%+0.2pp
Operating margin3.1%+0.1pp
Net margin1.8%+0.4pp
FCF margin2.4%-0.1pp

Returns & leverage

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Return on equity16.4%+4.9pp
Debt / equity1.2×+0.2×
Current ratio1.1×0.0×

Segments

By product

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Meats and seafood$3.8B+6.0%
Dry grocery products$1.8B+6.0%
Refrigerated and frozen grocery products$1.7B+3.6%
Dairy$1.0B-6.5%
Equipment, disposables and supplies$977.0M+0.6%

By segment

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Reportable Segment$10.5B+4.5%

FAQ

When did US Foods report Q2 2026 earnings?
US Foods (USFD) reported Q2 2026 earnings on August 6, 2026 before market open.
What were US Foods's Q2 2026 revenue and EPS?
US Foods reported revenue of $10.5B and diluted eps of $1.24 for Q2 2026.
How did US Foods's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.5% from $10.1B a year earlier.
Where can I find US Foods's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001665918-26-000043) and the 10-Q periodic report (0001665918-26-000045) directly on SEC EDGAR. The filing index links above go to sec.gov.