US Foods sales, profits up with increased restaurant business

ROSEMONT - US Foods Holding Corp. released financial results for its 2021 fiscal year, including a 25% increase in gross profit.

Gross profit of $4.7 billion for the fiscal year increased $936 million over 2020, the company said. The increase was primarily a result of an increase in total food case volume, pricing optimization, inflation in multiple product categories, and the addition of Smart Foodservice, a company it acquired in 2020.

Net sales of $29.5 billion increased 28.8%. The increase in case volume was primarily the result of more restaurant traffic from lifting governmental in-person dining restrictions and increased leisure and business travel throughout the year. Net sales benefited from food cost inflation of 8.9% in fiscal 2021, as well as the increased volumes over prior year.

The gains were made in the face of continued industry wide supply chain and labor challenges, said CEO Pietro Satriano. "2021 was a year of resilience and recovery. Thanks to the efforts of our associates, we stayed true to our promise to help our customers 'Make It,' " he said.

Based in Rosemont, US Foods is one of America's leading food service distributors, partnering with approximately 300,000 restaurants and food service operators t