The company said that in 13-week, for Q1 (ended September 28, 2024), sales rose 4.4% to $20.5 billion, operating income rose 0.5% to $808 million, and diluted EPS was $0.99, the same as in the year-earlier period.

1. 01

   The company said that in 13-week, for Q1 (ended September 28, 2024), sales rose 4.4% to $20.5 billion, operating income rose 0.5% to $808 million, and diluted EPS was $0.99, the same as in the year-earlier period.

2. 02

   The company said adjusted operating income rose 2.2% to $873 million and adjusted EPS rose 1.9% to $1.09. It also reiterated its FY25 guidance of sales growth of 4-5% and adjusted EPS growth of 6-7%.

3. 03

   The company said U.S. Foodservice operating income fell 3.5% to $908 million, while International operating income rose 8.6% to $101 million. Adjusted operating income was $925 million at U.S. Foodservice, down 3.0%, and $130 million at International, up 12.1%.

4. 04

   The company said operating cash flow for the first 13 weeks was $53 million, down $34 million from the prior-year period, and free cash flow was $8 million, an improvement of $81 million from the prior-year period. Over the same period, it returned $108 million to shareholders through share repurchases and $251 million through dividends, for a total of $359 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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