Food Group acquisition boosts independent restaurant results
US Foods Q3 2019 earnings were announced, showing robust top-line growth. Net sales were up 6.1 percent from last year to $6.5B. Organic sales resulted in a 4.0 percent increase to $6.4B. In Q3, the company reported gross profit of $1.2B. That’s up 4.3 percent from last year’s same quarter. Much of the story in the quarter focused on independent restaurant case growth, which surged 6.3 percent. Total case volume increased 3.0 percent. Also, organic case volume increased 0.9 percent, while independent restaurant organic case volume increased 4.2 percent.