Strong Financial Performance
US Foods reported a 13% adjusted EBITDA growth, solid adjusted EBITDA margin expansion, and 21% adjusted EPS growth in the third quarter.
Market Share Gains
The company achieved its 14th consecutive quarter of market share gains, with total volume growth of 3.8% and independent restaurant cases growing by 4.1%.
Successful Share Repurchase Program
US Foods repurchased $580 million in shares during the quarter, believing their shares remain undervalued.
Progress in Strategic Initiatives
The company's Pronto initiative is now live in 40 markets, expected to deliver nearly $700 million of annualized sales, with a significant increase in case volumes.
Positive Service and Culture Developments
Safety metrics improved with a 21% better injury and accident rate, and on-time, in-full service levels showed year-over-year improvement.