- Net sales rose 15.2% from
$7.6 billion in Q2 2021 to$8.83 billion for the quarter endingJuly 2, 2022 , driven by food cost inflation of 15% compared to the same quarter a year ago. - Total case volume was flat to the prior year driven by flat independent restaurant case volume, a 35% increase in hospitality volume and a 2.4% increase in healthcare volume, offset by an 8.7% decrease in chain volume.
-
Net income rose 32.6% from
$46 million to$61 million in the comparative quarters. -
Diluted EPS (GAAP) rose from
20 cents to27 cents , while Diluted EPS (non-GAAP) rose from58 cents to67 cents .
Shares traded at
The
"Our results this quarter demonstrate significant progress on the execution of our long-range plan,"
The company adjusted its diluted EPS to
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