US Foods Holding Corp. Reports Strong Q1 2023 Net Income of $82 Million
Company's Q1 2023 Revenue Reaches $8.54 Billion, Reflecting Steady Growth
US Foods Holding Corp.(USFD), a leading foodservice distri butor, has announced its financial results for the first quarter of 2023. The company reported a notable increase in net income, reaching $82 million, signifying a positive start to the year. Additionally, the company's revenue continued its upward trajectory, reaching $8.54 billion during the quarter.
Strong Net Income of $82 Million
In the first quarter of 2023, US Foods Holding Corp. recorded a robust net income of $82 million. This marks a significant improvement compared to the same period last year when the company reported a net loss of $7 million. The surge in net income can be attributed to efficient cost management strategies and increased sales.
Revenue Climbs to $8.54 Billion
