Restaurant woes cause sales to dip at US Foods

ROSEMONT - US Foods Holding Corp., one of the largest food service distributors in the U.S., Monday said net sales in the fiscal year third quarter of $5.8 billion decreased 10.5% from the prior year quarter.

Recent acquisitions of The Food Group and Smart Foodservice contributed net sales of $876 million, or 15.0%, for the quarter, the company said.

Gross profit of $974 million decreased $182 million, or 15.7%, from the prior year, primarily as a result of the negative impact of COVID-19.

"In the third quarter, we demonstrated the resiliency of our business model by continuing to gain market share in an industry significantly impacted by COVID-19," said chairman and CEO Pietro Satriano. "I'm proud of the hard work of all our associates, who remain focused on helping our customers Make It during this challenging time."

Rosemont-based US Foods distributes food and provides e-commerce and technology solutions to approximately 300,000 restaurants and food service operators.