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![US Foods Holding Corp. [USFD] reports annual net loss of $506.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FUSFD.png&w=1200&q=75)
US Foods Holding Corp. [USFD] has reported a net loss of $506.0 million for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $35.6 billion
Based in ROSEMONT, Illinois, US Foods Holding Corp. operates in the WHOLESALE sector.
In the financial report for the year ending December 30, 2023, the following key figures were observed:
- Net sales amounted to $35.6 million, showing a growth from the previous year's figure of $34.1 million.
- Cost of goods sold for the current year totaled $29.4 million, compared to $28.6 million in the previous year.
- Gross profit for the year stood at $6.1 million, up from $5.5 million in the same period last year.
- Operating income showed a significant improvement, reaching $1.0 million this year, compared to $594 million in the previous year.
- Net income for the current reporting period was reported at $506 million, a notable increase from the $265 million recorded in the previous year.
- Earnings per share were also higher this year, with basic earnings per share at $2.09 compared to $1.02 in the previous year, and diluted earnings per share at $2.02 compared to $1.01 in the same period last year.
These financial results indicate a positive growth trajectory for the company, reflecting improved sales performance and profitability compared to the previous year.
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