US Foods Holding Corp. and its subsidiaries market, sell, and distribute fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company also offers MOXe, an all-in-one foodservice business application. Its customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. Formerly known as USF Holding Corp., it changed its name to US Foods Holding Corp. in February 2016. The company was incorporated in 2007 and is headquartered in Rosemont, Illinois.
Tesla Opens Nevada Semi Factory, Begins Customer Deliveries
Tesla opened its dedicated Sparks, Nevada factory and began customer deliveries of its long-delayed Semi truck, a plant designed to eventually produce 50,000 Semis annually. The truck is offered with claimed ranges of 325 miles and 500 miles for the long-range version, and early customers include PepsiCo, DHL and US Foods, while a newly announced 2,500-truck order from a shipper coalition adds to potential demand. Morgan Stanley analyst Andrew Percoco wrote in a new note that Tesla can generate roughly $12,000 to $18,000 per month from its autonomous trucking software, based on a $0.85 to $1 per mile subscription fee across 18,000 miles driven per month, compared with about $100 per month for full self-driving on consumer vehicles today. Percoco calculated that if Tesla reaches 82,000 Semis on the road by 2040, a 13.5% share of the autonomous addressable market, that would represent $17 billion of software revenue and about $7.5 billion of incremental EBIT, a 10% upside to Morgan Stanley's base case, and he noted this excludes the upfront vehicle sale and incremental charging revenue. He added that Tesla originally outlined a manufacturing target of 50,000 Semi trucks per year, so assuming 80,000 will be deployed in total over the next roughly 15 years is a conservative starting point.
TSLA · Capital · Positive Morgan Stanley's note estimates $17B software revenue and $7.5B incremental EBIT from Tesla Semi autonomous trucking, a 10% upside to base case.
TSLA · Demand · Positive Tesla opened its Nevada Semi factory, began customer deliveries, and announced a 2,500-truck order from a shipper coalition.
DHL.XETRA · Demand · Positive DHL (Deutsche Post) is named as an early customer taking delivery of Tesla Semi trucks.
PEP · Demand · Positive PepsiCo is named as an early customer taking delivery of Tesla Semi trucks.
USFD · Demand · Positive US Foods is named as an early customer taking delivery of Tesla Semi trucks.
MS · Capital · Neutral Morgan Stanley analyst note models Tesla Semi autonomous software revenue and upside, but no direct impact on Morgan Stanley itself.
Tesla has begun delivering its Semi electric truck to its first group of customers, moving the long-delayed vehicle into a more important test of whether the company can produce it at scale. The deliveries come nearly nine years after CEO Elon Musk first unveiled the heavy-duty electric truck, and Tesla reiterated plans to build up to 50,000 Semis annually at its plant in Sparks, Nevada, though it gave no timeline for reaching that level and did not disclose current production volumes. PepsiCo, DHL and US Foods were among the customers featured at Tesla's delivery event Thursday. Tesla says the long-range version of the Semi can travel 500 miles on a charge while fully loaded, a range that Dan Priestley, Tesla's director of Semi engineering, said customers have validated in real-world use, while a standard version offers 325 miles. Musk also said the order waiting list is already significant, although Tesla did not disclose the number of orders or pricing for the trucks. The Semi gives Tesla another potential growth market beyond passenger EVs, but reaching meaningful scale will depend on production, charging infrastructure and fleet adoption, with the next catalyst being Tesla's production ramp in Nevada and evidence of how quickly it can move toward its 50,000-truck annual capacity target.
OneRail Launches OmniSTAR, First AI-Powered Delivery Decisioning Platform Built with NVIDIA AI
OneRail has launched OmniSTAR, the first AI-powered delivery decisioning platform built with NVIDIA AI, enabling enterprise retailers to offer same-day delivery at a lower cost. The platform, developed with NVIDIA cuOpt and cuDF, evaluates all available delivery options for each order in real time, selecting the lowest-cost option that meets service requirements. OmniSTAR reduces computation time by up to 10 times, compressing a 20-minute problem to under two minutes. It is already deployed with select customers, including US Foods, which used insights to adjust pricing and restructure delivery patterns. OneRail's dataset, built from millions of deliveries across over 12 million drivers and 1,000 logistics partners, supports data-informed recommendations. The platform is part of a multi-year collaboration with NVIDIA through the NVIDIA Inception program.
Artificial Intelligence › AI Applications & Copilots ▲Technology
Cloud & Digital Infrastructure › API & Integration (iPaaS) Technology
OneRail · Technology · Positive OneRail launched OmniSTAR, its first AI-powered delivery decisioning platform built with NVIDIA AI.
NVDA · Technology · Positive OneRail's OmniSTAR is built with NVIDIA cuOpt and cuDF as part of a multi-year NVIDIA Inception collaboration, showcasing NVIDIA AI technology.
USFD · Demand · Positive US Foods is a deployed OmniSTAR customer using its insights to adjust pricing and restructure delivery patterns.
Trump's 90-Day Beef Tariff Waiver Boosts These ETFs
President Donald Trump announced a temporary 90-day waiver on out-of-quota tariffs for up to 300,000 metric tons of imported ground beef trimmings, aiming to ease domestic food prices. With the U.S. cattle herd at its lowest since 1951, domestic beef prices have hit record highs, straining restaurants and consumers. The waiver is expected to lower wholesale ground beef costs over the next three months, benefiting fast-food chains like McDonald's and Yum! Brands, as well as meat processors and distributors such as JBS, US Foods, and Sysco. Consequently, ETFs with significant exposure to these companies, including the State Street Consumer Discretionary Select Sector SPDR ETF (XLY), Invesco Leisure and Entertainment ETF (PEJ), and First Trust Consumer Staples AlphaDEX ETF (FXG), are poised to gain from improved profitability in the foodservice supply chain.
US Foods Q2 Earnings Call Highlights Analyst Questions
US Foods reported second-quarter results that beat Wall Street expectations for revenue and non-GAAP earnings, driven by robust independent restaurant case growth and share gains in healthcare and hospitality. Revenue came in at $10.53 billion versus analyst estimates of $10.47 billion, while adjusted EPS of $1.44 beat estimates of $1.36. During the earnings call, analysts focused on the new sales compensation plan, Pronto delivery service expansion, AI scalability, customer penetration, and competitive dynamics in independent restaurants. CEO David Flitman said early returns from the compensation plan are exciting and will impact growth going forward, while AI is in the early innings but expected to drive sales productivity and customer engagement. The company currently trades at $109.89, up from $100.49 just before the earnings.
US Foods Expected to Post Higher Earnings on Revenue Growth
US Foods is expected to report a year-over-year increase in earnings and revenue for the quarter ended June 2026 when it releases results on August 6. The Zacks Consensus Estimate calls for earnings of $1.37 per share, up 15.1% from the prior year, on revenues of $10.46 billion, a 3.8% increase. The Most Accurate Estimate is above the consensus, yielding a positive Earnings ESP of +1.10%, and the stock carries a Zacks Rank #2, a combination that historically signals a roughly 70% chance of an earnings beat. In the prior quarter, the company missed estimates by 4.88%, though it has beaten consensus EPS in three of the last four quarters.
StockStory Highlights ResMed and StoneX as Mid-Cap Picks, Flags US Foods as Underperformer
StockStory identifies ResMed and StoneX as mid-cap stocks with exciting potential, while recommending investors avoid US Foods. ResMed, a developer of cloud-connected respiratory medical devices, posted average constant currency revenue growth of 9.1% over the past two years and annual earnings per share growth of 15.2% over five years, with its free cash flow margin expanding by 21.4 percentage points. StoneX, a global financial services network, achieved 44.3% annual revenue growth and 29.6% annual earnings per share growth over the last two years, alongside 16.9% annual tangible book value per share growth over five years. In contrast, US Foods, a major foodservice distributor, showed only 2.4% average unit sales growth over two years, substandard operating margins, and a lack of free cash flow generation, limiting reinvestment potential.
RMD · Capital · Positive StockStory highlights ResMed's strong revenue and earnings growth, and expanding free cash flow margin, recommending it as a mid-cap pick.
SNEX · Capital · Positive StockStory highlights StoneX's high revenue and earnings growth, and tangible book value growth, recommending it as a mid-cap pick.
USFD · Capital · Negative StockStory flags US Foods as an underperformer due to low unit sales growth, substandard margins, and lack of free cash flow.
Three consumer discretionary stocks—Disney, Lindblad Expeditions, and US Foods—are flagged for having questionable fundamentals. Disney’s annual sales growth of 10.8% over the last five years lagged peers, its free cash flow margin of 9.4% over the last two years is low, and its return on capital is an underwhelming 7.3%. Lindblad Expeditions saw 17.4% annual sales growth over the last two years, below the typical consumer discretionary company, with a subpar operating margin of 5.8% and a weak free cash flow margin of 8.7%. US Foods posted unit sales growth of 2.4% over the past two years, an operating margin of 3% that is below the industry average, and lacks free cash flow generation.
UNFI Turns to AI and Lean Ops as Organic Demand Grows
United Natural Foods is leveraging AI-powered supply-chain tools and lean management practices to improve efficiency and cash flow while natural and organic demand supports growth. The company has expanded its AI procurement platform across all distribution centers and broadened its AI fleet management system, helping on-time deliveries rise more than 4% year to date and average miles per delivery fall nearly 5%. Lean Daily Management has been implemented across 40 distribution centers, contributing to a more than 7% increase in distribution-center productivity and a nearly 7% year-over-year decline in operating expenses in the fiscal third quarter. Free cash flow reached $243 million year to date, up $90 million from the prior-year period, reducing net debt to $1.63 billion and net leverage to 2.5 times. Natural segment sales rose 4.4% year over year to $4.34 billion in the fiscal third quarter, with underlying natural growth again outperforming the market and the two-year stack remaining in the mid-teens for the past five quarters. The company also introduced more than 30 new private-brand SKUs and offers an Endless Aisle marketplace for emerging brands. Macro pressures from inflation, fuel costs, and competition from Sysco and US Foods remain risks, and the stock carries a Neutral recommendation with no Zacks Rank or Style Scores provided.
US Foods Reports Q1 2026 Net Sales Up 2.8% to $9.6 Billion
US Foods Holding Corp. reported first-quarter 2026 net sales of $9.6 billion, a 2.8% increase from the prior year. Total case volume rose 1.4%, with independent restaurant case volume climbing 4.6%. Net income grew 0.9% to $116 million, while diluted earnings per share increased 6.1%. Adjusted EBITDA reached $413 million, up 6.2%, and adjusted diluted EPS rose 14.7% to $0.78. The company also repurchased $125 million in shares during the quarter.
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