Overview
- Adjusted EPS came in at $1.18 versus the $1.21 consensus, while quarterly sales rose 10.8% to $17.076 billion, topping the $16.879 billion estimate.
- Net sales benefited from recent acquisitions including Cheney Brothers, higher case volumes, favorable mix, and roughly 4.4% product cost inflation.
- Total case volume increased 9.4%, with Independent Foodservice up 16.6% including 6.3% organic growth.
- Segment results showed Foodservice sales up 18.8% to $9.1 billion, Convenience up 3.5% to $6.6 billion, and Specialty down 0.7% to $1.3 billion on theater weakness.
- Gross profit grew 14.3% to $2.0 billion and adjusted EBITDA rose 16.6% to $480.1 million; Q2 sales are guided to $16.40–$16.70 billion and FY2026 sales to $67.5–$68.5 billion, with shares up about 1.3% to $98.03 at publication.