US Foods Holding Corp. lifted both its sales and income for the 2021 third quarter ending Oct. 2, 2021, according to a press release.

Net sales for the nationwide, broadline foodservice distributor rose 34.9% from $5.8 billion in Q3, 2020 to $7.9 billion for Q3, 2021. Total case volume rose 18.5%.

Net income rose from $8 million to $64 million in the comparable quarters.

Basic income per share rose from a 1-cent loss to 25 cents, while diluted income per share rose from a 1-cent loss to 24 cents. Adjusted diluted EPS rose from 19 cents to 48 cents.

"While supply chain headwinds persist and are expected to continue into 2022, we're pleased to see tangible and enduring signs that the industry is recovering, which allows us to refocus our energy and resources on our Great Food. Made Easy Strategy," chairman and CEO Pietro Satriano said in the press release.

The $7.9 billion in quarterly revenue beat analyst expectations by $290 million while the non-GAAP EPS of 48 cents was in line with expectations and the GAAP EPS of 24 cents missed expectations by 2 cents, according to Seeking Alpha.

Shares traded today at $38.56 against a 52-week range of $27.12-$42.10.

Net sales for the 9-month period rose from $16.7 billion to $21.8 billion, while net income rose from a $216 million loss to $95 million. Both basic and diluted income per share rose from a $1.05 loss to 28 cents. Adjusted diluted EPS for the 9-month period was $1.06.

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