Foodservice giant US Foods Holding Corp. reported strong gains in the fourth quarter of 2017 and for the year as a whole.
Net sales for Rosemont, Illinois- based US Foods grew 5.6 percent to $6 billion in the quarter, gross profits rose 4.6 percent to $1.1 billion and total case volume increased by 1.9 percent.
For the year, US Foods’ case volume rose 2.9 percent, net sales increased 5.4 percent to $24.1 billion and gross profits grew 4.1 percent to $4.2 billion.
“We had a strong year and delivered on our commitments to expand gross profit dollars and grow adjusted EBITDA,” says Pietro Satriano, the company’s chairman and CEO. “Through the continued execution of our strategy, we increased sales with our targeted customers, including accelerating quarterly volume growth with independent restaurants. In 2018, we will continue to leverage our innovative products, industry-leading technology and value-added services to drive profitable growth.”