US Foods (USFD) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 9:57 AM CDT 43 min read

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Date

Thursday, May 7, 2026 astatine 9:00 a.m. ET

Call participants

• Chief Executive Officer — David E. Flitman

• Chief Financial Officer — Dirk J. Locascio

Full Conference Call Transcript

David E. Flitman, our CEO, and Dirk J. Locascio, our CFO. We volition instrumentality your questions aft our prepared remarks conclude. Please bounds yourself to 1 question and 1 follow-up. Our net merchandise issued earlier this greeting and today’s presumption tin beryllium recovered connected the Investor Relations leafage of our website astatine ir.usgoods.com. During today’s call, unless different stated, we are comparing our archetypal 4th fiscal twelvemonth 2026 results to the aforesaid play successful fiscal twelvemonth 2025. In summation to humanities information, definite statements made during today’s telephone are considered forward-looking statements.

Please reappraisal the hazard factors successful our Form 10-Ks for a elaborate treatment of the imaginable factors that could origin our existent results to disagree materially from those anticipated successful forward-looking statements. Lastly, during today’s call, we volition notation to definite non-GAAP fiscal measures. All reconciliations to the astir comparable GAAP fiscal measures are included successful the schedules to our net property release, arsenic good arsenic successful the presumption slides posted connected our website. We are not providing reconciliations to forward-looking non-GAAP fiscal measures. Thank you, and I volition crook the telephone implicit to David E. Flitman.

David E. Flitman: Thanks, Michael D. Neese. Good morning, everyone, and convey you for joining us. Before we begin, I privation to convey our dedicated squad of 30,000 associates for their unwavering committedness to serving our customers, which was intelligibly evident successful the archetypal quarter. Through their hard work, contempt important weather-related challenges and accrued macro uncertainty related to the warfare successful the Middle East, we again accelerated our lawsuit maturation and made further advancement connected our self-help initiatives. Perhaps much than immoderate different 4th during my tenure, this show reflects our quality to triumph successful immoderate environment.

I volition determination present to highlights from the archetypal 4th followed by an overview of our show and the advancement we person made successful executing our strategy, each of which presumption america for further maturation successful 2026. Dirk J. Locascio volition past reappraisal our archetypal 4th fiscal results successful much item and supply an update connected our 2026 guidance. Starting connected Slide 3, during the archetypal 4th we delivered beardown results amid headwinds from terrible weather, the struggle successful the Middle East, and rising substance costs, with user sentiment declining to an all-time debased successful March, each of which impacted our industry.