US Foods(US:USFD)2022-05-12 16:24Q1 2022 Financial Performance - Net sales increased to $78 billion, a 239% increase compared to Q1 2021[11] - Total case volume increased by 4%[11] - Independent restaurant (IND) case volume increased by 9%[11] - Adjusted EBITDA grew by 40% to $241 million[11] - Adjusted Diluted EPS was $036, a 200% increase[11] - Adjusted Gross profit increased to $1267 billion, a 237% increase[38] - Adjusted Operating expenses increased to $1032 billion, a 201% increase[38] Debt and Leverage - Total debt decreased to $4993 billion from $5738 billion in Q1 2021[14] - Net debt was $4803 billion[14] - Net Leverage Ratio reduced to 43x from 75x in Q1 2021[14] Long-Range Plan (LRP) - The company aims to grow profitable market share by approximately $290 million in Adj EBITDA growth[20] - The company aims to further optimize gross margins by approximately $325 million in Adj EBITDA growth[25] - The company aims to improve operational efficiencies by approximately $235 million in Adj EBITDA growth[30]