1、ANNUAL REPORT 2017Our Promise to CustomersWE HELP YOU MAKE IT.Our StrategyGREAT FOOD.MADE EASY.US Foods is one of Americas great food companies and a leading foodservice distributor,teaming up with approximately 250,000 restaurants and foodservice operators to help their businesses succeed.With 25,0
2、00 dedicated employees and more than 60 locations nationwide,US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce,technology and business solutions.U S F OOD S A N N UA L R E POR T 2 0170 2US Foods Annual Report-8.25x10.75-022718-mockup_V2
3、.indd 23/6/18 6:51 AM2017 was a terrific year for US Foods.Through the execution of our GREAT FOOD.MADE EASY.strategy,we delivered strong financial performance and positioned ourselves for long-term success.Fiscal 2017 HighlightsIn fiscal 2017,we delivered on our financial commitments to increase ca
4、se volume,expand gross profit dollars and grow adjusted EBITDA.Our financial highlights*included:Grew total case volume by almost 3%and delivered full-year net sales of$24 billion Increased independent restaurant case volume by 5%,including organic case growth nearly twice the estimated market rate
5、Expanded our operating leverage by growing gross profit dollars at a significantly faster rate than operating expenses Increased net income to$444 million and grew adjusted EBITDA by nearly 9%to$1.1 billion Further strengthened our capital structure by reducing our net debt leverage from 3.8x to 3.4
6、x and repurchasing 10 million shares in connection with the final secondary offering by our former private equity sponsors2017 was also a year in which we gave back to our communities.We launched our US Foods Scholars program,which is focused on helping underserved young people prepare for culinary