Research Update: US Foods Inc. Outlook Revised To Positive From Stable On Improving Performance And Credit Metrics; 'BB' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: US Foods Inc. Outlook Revised To Positive From Stable On Improving Performance And Credit Metrics; 'BB' Rating Affirmed

Research Update: US Foods Inc. Outlook Revised To Positive From Stable On Improving Performance And Credit Metrics; 'BB' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: US Foods Inc. Outlook Revised To Positive From Stable On Improving Performance And Credit Metrics; 'BB' Rating Affirmed
Published Jun 20, 2024
8 pages (3387 words) — Published Jun 20, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Foodservice distributor US Foods Inc.'s operating results are benefiting from market share gains and improving cost management as it executes its multiyear growth strategy. We expect further sales and earnings growth this year will contribute to good free cash flow generation and improving credit metrics. Therefore, we revised our outlook on US Foods to positive from stable and affirmed our ratings on the company including the 'BB' issuer credit rating. The positive outlook reflects the potential for a higher rating over the next 12 months if US Foods continues to expand its market share, enhance margins, and maintain S&P Global Ratings-adjusted debt to EBITDA below 3.5x. The positive outlook reflects the potential for a higher rating over the next 12

  
Brief Excerpt:

...- Foodservice distributor US Foods Inc.'s operating results are benefiting from market share gains and improving cost management as it executes its multiyear growth strategy. - We expect further sales and earnings growth this year will contribute to good free cash flow generation and improving credit metrics. - Therefore, we revised our outlook on US Foods to positive from stable and affirmed our ratings on the company including the '##' issuer credit rating. - The positive outlook reflects the potential for a higher rating over the next 12 months if US Foods continues to expand its market share, enhance margins, and maintain S&P Global Ratings-adjusted debt to EBITDA below 3.5x....

  
Report Type:

Research Update

Ticker
Issuer
GICS
Food Distributors (30101020)
Sector
Global Issuers
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: US Foods Inc. Outlook Revised To Positive From Stable On Improving Performance And Credit Metrics; 'BB' Rating Affirmed" Jun 20, 2024. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-US-Foods-Inc-Outlook-Revised-To-Positive-From-Stable-On-Improving-Performance-And-Credit-Metrics-BB-Rating-Affirmed-3200631>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: US Foods Inc. Outlook Revised To Positive From Stable On Improving Performance And Credit Metrics; 'BB' Rating Affirmed Jun 20, 2024. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-US-Foods-Inc-Outlook-Revised-To-Positive-From-Stable-On-Improving-Performance-And-Credit-Metrics-BB-Rating-Affirmed-3200631>
  
US$ 225.00
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