After recently announcing the latest executive addition to its team, US Foods put out the results for the first quarter of fiscal 2019.
“Our first quarter fiscal 2019 results were in line with our expectations,” said Chairman and CEO Pietro Satriano. “We accelerated case volumes across all customer types and are particularly pleased with our 5.5% organic independent restaurant case growth rate, our best quarter since third quarter fiscal 2016. We expanded our adjusted operating leverage per case for the 13th quarter in a row, resulting in Adjusted EBITDA growth of 3.6%. We remain favorable on the overall industry outlook and expect to deliver the full year fiscal 2019 guidance targets that we discussed on our fourth quarter call.”
Highlights from the financial report included:
For the entirety of the financial report, click here.
And for the latest in finance, growth, and expansion as it pertains to our industry, keep reading Deli Market News.