Earnings release
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INVESTOR CONTACT : Melissa Napier ( 847 ) 720-2767 melissa.napier@usfoods.com ● FOR IMMEDIATE RELEASE ● News Release US Foods Reports First Quarter Fiscal 2021 Earnings ROSEMONT , III . ( BUSINESS WIRE ) May 10 , 2021 – US Foods Holding Corp. ( NYSE : USFD ) , one of the largest foodservice distributors in the United States , today announced results for the first quarter of fiscal 2021. In this press release , we refer to certain organic financial results . Organic financial results exclude contributions from Smart Foodservice , which was acquired on April 24 , 2020 . ● First Quarter Fiscal 2021 Highlights Total case volume decreased 0.9 % ; independent restaurant case volume increased 8.1 % Total organic case volume decreased 6.4 % ; organic independent restaurant case volume increased 0.2 % Net sales decreased 0.7 % to $ 6.3 billion ● MEDIA CONTACT : Sara Matheu ( 847 ) 720-2392 sara.matheu@usfoods.com US . FOODS Gross profit decreased 5.9 % to $ 1.0 billion Net loss available to common shareholders was $ 39 million Adjusted EBITDA decreased 2.8 % to $ 172 million Diluted EPS loss was $ 0.18 ; Adjusted Diluted EPS was $ 0.12 CEO Perspective " During the first quarter , we saw a meaningful recovery in case volume with our restaurant and hospitality customers . This momentum has continued into the early part of the second quarter as restrictions on in - person dining continue to be lifted in markets across the country , " said Chairman and CEO Pietro Satriano . " Over the last 12 months , our scale and differentiated strategy have allowed us to gain market share with both large and small customers as operators continue to utilize our technology , innovative products and consultative services to help them manage their business . " First Quarter Fiscal 2021 Results Total case volume decreased 0.9 % from the prior year , while total organic case volume decreased 6.4 % . Independent restaurant case volume increased 8.1 % , while organic independent restaurant case volume increased 0.2 % . Net sales of $ 6.3 billion decreased 0.7 % from the prior year , primarily as a result of the negative impact of COVID - 19 on case volume . Both case volume and Net sales improved throughout the quarter as COVID - 19 vaccine distributions became more widespread and restrictions on in - person dining eased in various markets . Smart Foodservice contributed Net sales of $ 261 million , or 4.1 % , for the quarter . 1