US Foods Reports Strong 8.8% Growth in Q2 Net Income
Q2 Gross Profit Surges by 7.2% for US Foods Amid Strong Performance
US Foods Holding Corp [USFD] announced a solid performance in the second quarter of fiscal year 2024, reporting a net income of $198 million. The quarter ended on June 29, 2024, showcasing an 8.8% increase in net income from the previous quarter.
The company, headquartered in Rosemont, Illinois, reported to SEC in an 8-K filing $0.80 earnings per share in the quarter, compared to $0.73 in the previous quarter.
US Foods Holding Corp, a prominent player in the food distribution industry, reported a robust revenue of $9.7 billion in the latest period, reflecting a 7.7% increase compared to the preceding quarter.
In comparison to the same quarter of the previous year, US Foods Holding Corp's revenue for the current period has shown strong growth, with a noticeable increase of 7.7%. Additionally, the company's net income has experienced a significant jump of 8.8% when compared to the same quarter of the previous year.
As of August 7, 2024 end of day trading.
