US Foods Holding Corp reported third quarter 2026 results that saw a revenue miss against consensus expectations but a significant beat on adjusted earnings. Growth was supported by 5% volume expansion in the high-margin independent restaurant segment, though management tightened full-year guidance to account for a sustained slow macroeconomic environment and elevated fuel costs.
Key Highlights
- Independent restaurant case volume grew 5.0%, marking the company's 22nd consecutive quarter of market share gains in this segment.
- Adjusted Diluted EPS rose 17.8% to $1.26, driven by operational efficiencies and a $49 million favorable year-over-year LIFO adjustment.
- Net sales of $10.4 billion missed the $10.58 billion estimate, though total case volume increased 1.3% despite a 1.5% decline in chain volume.
- Management tightened FY2026 guidance, now expecting Adjusted EBITDA growth of 9% to 11% (previously 9% to 13%) and net sales growth of 4% to 5% (previously 4% to 6%).