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 Second Quarter Fiscal 2021 Earnings ROSEMONT , Ill . ( BUSINESS WIRE ) August 9 , 2021 – US Foods Holding Corp. ( NYSE : USFD ) , one of the largest foodservice distributors in the United States , today announced results for the second quarter of fiscal 2021. In this press release , we refer to certain organic financial results . Organic financial results exclude contributions from Smart Foodservice through April 23 , 2021. Smart Foodservice was acquired on April 24 , 2020 . Second Quarter Fiscal 2021 Highlights Total case volume increased 53.5 % ; independent restaurant case volume increased 79.1 % Total organic case volume increased 50.3 % ; organic independent restaurant case volume increased 74.4 % Net sales increased 68.0 % to $ 7.7 billion ● MEDIA CONTACT : Sara Matheu ( 847 ) 720-2392 sara.matheu@usfoods.com US . FOODS Gross profit increased 74.2 % to $ 1.2 billion Net income available to common shareholders was $ 46 million Adjusted EBITDA increased 277.3 % to $ 332 million Diluted EPS was $ 0.20 ; Adjusted Diluted EPS was $ 0.58 Six Month Fiscal 2021 Highlights Total case volume increased 22.1 % ; independent restaurant case volume increased 38.5 % Total organic case volume increased 17.5 % ; organic independent restaurant case volume increased 32.0 % Net sales increased 28.1 % to $ 14.0 billion Gross profit increased 25.0 % to $ 2.2 billion Net income available to common shareholders was $ 7 million Adjusted EBITDA increased 90.2 % to $ 504 million Diluted EPS was $ 0.03 ; Adjusted Diluted EPS was $ 0.69 Exhibit 99.1 CO Perspective " The commitment to excellence demonstrated by our associates has fueled our very strong second quarter results , " said Chairman and CEO Pietro Satriano . " As markets around the United States reopen without restrictions , we have seen strong demand for our products , services and consultative expertise . While supply chain labor is expected to remain challenging for the next few quarters , we remain focused on delivering profitable growth as our industry continues to recover . " Second Quarter Fiscal 2021 Results Total case volume increased 53.5 % from the prior year , while total organic case volume increased 50.3 % . Independent restaurant case volume increased 79.1 % , while organic independent restaurant case volume increased 74.4 % . Net sales of $ 7.7 billion increased 68.0 % from the prior year . The increase in both case volume and Net sales was a result of markets lifting in - person dining restrictions on restaurants and an increase in leisure travel .