Latest quarter
US Foods reported Q2 FY2026 revenue of $10.5 billion, with revenue as the consensus counts it 0.67% above the consensus of $10.5 billion. The company reported adjusted EPS, as the consensus counts it, of $1.44, which was 5.11% above the consensus of $1.37. Revenue increased 4.46% from Q2 FY2025, while diluted EPS increased 29.2%, according to the company’s results.
The filing said net sales increased on case-volume growth and food-cost inflation. Total case volume increased 1.9%, as independent restaurant, healthcare and hospitality volume increased, while chain volume decreased 1.5%. The filing reported gross margin of 18.2%, compared with 17.6% a year earlier, and operating margin of 4.21%, compared with 3.69%. The company reported free cash flow of $355.0 million, compared with $261.0 million in the prior-year quarter.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $10.5 billion | $10.1 billion | 4.46% |
| Diluted EPS | $1.24 | $0.96 | 29.2% |
| Gross margin | 18.2% | 17.6% | 0.6 percentage points |
| Operating margin | 4.21% | 3.69% | 0.5 percentage points |
| Free cash flow | $355.0 million | $261.0 million | 36.0% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $1.44 | $1.37 | Beat by 5.11% |
| Revenue | $10.5 billion | $10.5 billion | Beat by 0.67% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
No latest earnings-call transcript was available, so US Foods’ commentary from a call, including management’s discussion of demand, pricing, margins, investment, competition and the quarter ahead, cannot be reported.
Guidance
US Foods’ August 6 results release expects FY2026 net sales growth of 4.00% to 6.00% in its FY2026 outlook. The release expects non-GAAP adjusted EBITDA growth of 9.00% to 13.0% and non-GAAP adjusted diluted EPS of $0.18 to $0.24 for FY2026.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| EPS growth, non-GAAP | FY2026 | $0.18–$0.24 | — | New |
| EBITDA growth, non-GAAP | FY2026 | 9.00%–13.0% | — | New |
| Revenue growth | FY2026 | 4.00%–6.00% | — | New |