Hilary Lee's questions to US Foods Holding Corp (USFD) leadership • Q2 2025
Question
Hilary Lee from Morgan Stanley, on behalf of Brian Harbour, asked about the drivers of confidence in achieving the full-year sales guidance, given year-to-date performance was at the low end of the range. She also inquired about current food inflation trends, particularly for beef and eggs.
Answer
CEO Dave Flitman cited the onboarding of new chain business and the observed acceleration in independent case volume growth in June and July as key reasons for confidence in the back-half sales performance. CFO Dirk Locascio added that overall food cost inflation has tempered, with categories like beef and eggs seeing moderation or even sequential deflation, keeping inflation within the company's target 2-3% range.