美国食品控股 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch 29, 2025OR Forward-Looking Statements Statements in this Quarterly Report (“Quarterly Report”) which are not historical in nature are “forward-looking statements” within themeaning of the federal securities laws. These statements often include words such as “believe,” “expect,” “project,” “anticipate,” “intend,”“plan,” “outlook,” “estimate,” “target,” “seek,” “will,” “may,” “would,” “should,” “could,” “forecast,” “mission,” “strive,” “more,” “goal,”or similar expressions (although not all forward-looking statements may contain such words) and are based upon various assumptions andour experience in the industry, as well as historical trends, current conditions, and expected future developments. However, you should • Economic factors affecting consumer confidence and discretionary spending and reducing the consumption of food prepared away fromhome; • competition; • reliance on third-party suppliers and interruption of product supply or increases in product costs; • changes in our relationships with customers and group purchasing organizations;• our ability to increase or maintain the highest margin portions of our business;• achievement of expected benefits from cost savings initiatives; • fluctuations in fuel costs; • changes in consumer eating habits; • cost and pricing structures; • product recalls and product liability claims; • labor relations and increased labor costs and continued access to qualified and diverse labor; • our level of indebtedness and restrictions under agreements governing our indebtedness; • the impact of activist shareholders; • changes in tax laws and regulations and resolution of tax disputes; • adverse judgments or settlements resulting from litigation; • management of retirement benefits and pension obligations. For a detailed discussion of these and other risks, uncertainties and factors, see Part I, Item 1A— “Risk Factors” of our Annual Report onForm 10-K for the fiscal year ended December28, 2024 filed February 13, 2025. In light of these risks, uncertainties, and other important factors, the forward-looking statements in this Quarterly Report might not prove tobe accurate, and you should not place undue reliance on them. All forward-looking statements attributable to us, or others acting on ourbehalf, are expressly qualified in their entirety by the cautionary statements above and contained elsewhere in this Quarterly Report. All ofthese statements speak only as of the date made, and we undertake no obligation to publicly update or revise any forward-looking Comparisons of results between current and prior periods are not intended to express any future trends, or indications of future performance,unless expressed as such, and should be viewed only as historical data. TABLE OF CONTENTS Part I. Financial Information Item1.Financial Statements (Unaudited)Consolidated Balance Sheets as ofMarch29, 2025and December28, 2024Consolidated Statements of Comprehensive Incomefor the 13 weeksendedMarch 29, 2025andMarch30, 2024Consolidated Statements of Shareholders’ Equity for the 13 weeksendedMarch 29, 2025andMarch30, 2024Consolidated Statements of Cash Flows for the13weeks endedMarch29, 2025andMarch30, 2024 PartII. Other Information Item1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem3.Defaults Upon Senior SecuritiesItem4.Mine Safety DisclosuresItem5.Other Information US FOODS HOLDING CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Amounts in tables in millions, except per share data, unless otherwise noted) 1.OVERVIEW AND BASIS OF PRESENTATION US Foods Holding Corp., a Delaware corporation, and its consolidated subsidiaries are referred to in these consolidated financialstatements and notes as “we,” “our,” “us,” the “Company,” or “US Foods.” US Foods Holding Corp. conducts all of its operationsthrough its wholly owned subsidiary US Foods, Inc. (“USF”) and its subsidiaries. All of the Company’s indebtedness, as further Business Description—The Company, through USF, operates inonebusiness segment in which it markets, sells and distributes fresh,frozen and dry food and non-food products to foodservice customers throughout the United States (“U.S.”). These customers includeindependently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels Basis of Presentation—The Company operates on a 52- or 53-week fiscal year, with all periods ending on a Saturday. When a 53-week fiscal year occurs, the Company reports the additional week in the fiscal fourth quarter. Fiscal years 2025 and 2024 are both 52- The consolidated financial statements included in this Quarterly Report have been prepared in accordance with accounting principlesgenerally accepted in the U.S. (“GAAP”) for interim financial information and