1、US FOODS ANNUAL REPORT 20221Each of these measures are non-GAAP financial measures.See Annex A for a reconciliation of non-GAAP measures to the corresponding GAAP results.Dear Shareholders:On behalf of our Board of Directors and our associates,thank you for your investment in US Foods.As US Foods ne
2、w Chief Executive Officer,I am honored to lead one of Americas top food distribution companies,serving approximately 250,000 restaurants and foodservice operators across the country.I am also incredibly proud of our 29,000 associates who,in 2022,delivered our strongest financial performance in recen
3、t history by executing against our long-range plan that we announced early last year.FISCAL YEAR 2022 HIGHLIGHTS Net income available to common shareholders was$228 million Adjusted EBITDA increased 23.9%to$1.31 billion1 Diluted EPS was$1.01 and Adjusted Diluted EPS was$2.141,an increase of 38.1%Net
4、 sales increased 15.5%to$34.1 billion Total case volume increased 1.7%and independent restaurant case volume increased 4.3%Gross profit increased 18.0%to$5.5 billion Net debt reduced by$220 million1 Introduced$500 million share repurchase program We produced these strong results by making significan
5、t progress against each of the three pillars of our long-range plan.GREW PROFITABLE MARKET SHAREFirst,we took systematic steps to grow profitable market share,outgrowing the market by approximately 150 basis points,excluding targeted exits.We drove even stronger share gains in independent restaurant
6、s.We continued to provide on-trend,versatile,labor-saving and sustainably-sourced private label brand products through our innovative Scoop lineup,which proudly includes products from our Hungry for Better program.In fact,last year was our most successful Scoop in the programs 11-year history.From t