Welcome to our dedicated page for US Foods Holding news (Ticker: USFD), a resource for investors and traders seeking the latest updates and insights on US Foods Holding stock.
US Foods Holding Corp. (NYSE: USFD) is one of America’s leading foodservice distributors, renowned for its expansive offerings and significant industry impact. Headquartered in Rosemont, Illinois, US Foods collaborates with approximately 250,000 chefs, restaurateurs, and foodservice operators nationwide to support their business success.
The company boasts a robust infrastructure, including nearly 25,000 employees and more than 60 locations. US Foods provides its customers not only with a wide array of innovative food products but also offers a comprehensive suite of e-commerce, technology, and business solutions. This dual approach positions US Foods as a critical partner in the foodservice industry.
US Foods' revenue streams are diverse, with a significant portion derived from meats and seafood products. Additionally, the company supplies a variety of food and non-food items to sectors such as healthcare, hospitality, education, government facilities, and grocers. To further extend their reach, US Foods operates 80 cash-and-carry stores under the Chef'Store banner.
With annual revenues of approximately $23 billion, US Foods is committed to delivering fresh, quality food products and innovative solutions. Their motto, 'Great Food. Made Easy.', underscores their dedication to simplifying the foodservice process for their customers.
Recent achievements highlight US Foods' ongoing growth and innovation. The company continuously invests in technology to enhance their e-commerce capabilities, aiming to provide seamless service and efficiency to their partners. Furthermore, US Foods actively seeks to expand its product portfolio, ensuring a broad and appealing selection for various foodservice needs.
For more detailed information and the latest updates, visit www.usfoods.com.
US Foods Holding Corp. (NYSE: USFD) reported strong preliminary results for Q1 2022, with net sales up 24% to $7.8 billion and adjusted EBITDA increasing 40% to $241 million. The company highlighted a 4% growth in total case volume and a significant improvement in net loss to $16 million. US Foods urges shareholders to vote for its board nominees amid a challenge from Sachem Head Capital Management, emphasizing the board’s qualifications and commitment to executing the company's long-term strategic plan aimed at enhancing shareholder value.
US Foods Holding Corp. (USFD) reported strong preliminary results for Q1 FY 2022, with net sales reaching $7.8 billion, a 24% increase year-over-year. Total case volume grew 4%, and independent restaurant case volume surged 9%.
Gross profit rose 19% to $1.2 billion. Adjusted EBITDA increased by 40% to $241 million, highlighting effective cost management despite a net loss available to common shareholders of $16 million. The company reaffirms its fiscal guidance for 2022, reflecting confidence in its long-range strategy.
US Foods Holding Corp. (NYSE: USFD) is accepting applications for its 2022 US Foods Scholars program until May 24. Since its launch in 2017, the program has awarded over
US Foods urges shareholders to vote "FOR ALL" of its director nominees using the WHITE proxy card at the upcoming May 18, 2022 Annual Meeting. The company emphasizes its track record of earnings growth, strategic investments, and a refreshed board of directors to drive shareholder value. US Foods states it has engaged with Sachem Head to avoid a proxy contest, highlighting the erratic nature of Sachem's demands as a barrier to settlement. The letter outlines the company's plans for market share growth, margin optimization, and operational efficiency through strategic initiatives.
US Foods Holding Corp. (NYSE: USFD) released its 2021 Corporate Social Responsibility (CSR) Report, highlighting advancements in sustainability across Products, People, and Planet. The report details over 2,300 sustainable products and significant diversity efforts, with 39% of leadership roles filled by women or people of color. Environmental goals included a 15% reduction in emissions intensity since 2015 and the commitment to renewable diesel fuel in California by mid-2022. Overall, the initiatives aim to create value for stakeholders and enhance the company's sustainability profile.
Sachem Head Capital Management, holding approximately 8.7% of US Foods (NYSE: USFD), has filed updated proxy materials for the upcoming 2022 Annual Meeting, reducing its slate of nominees from seven to five. This decision follows the recent appointments of two new independent directors and the non-re-election of long-tenured director John Lederer. Sachem Head believes significant changes are necessary for US Foods to realize its potential and enhance stockholder value.
JLL (NYSE: JLL) has promoted Scott Einberger to Investor Relations Officer, effective April 1, 2022. He succeeds Chris Stent and will report to CFO Karen Brennan. Einberger brings extensive experience from his previous role at US Foods (NYSE: USFD) and joined JLL in September 2021. Brennan stated that Einberger is well-positioned to enhance the investor relations program. Einberger holds an MBA in Accounting and Finance and is a Certified Management Accountant (CMA). JLL operates globally with an annual revenue of $19.4 billion.
US Foods Holding Corp. (NYSE: USFD) has filed its preliminary proxy materials for the 2022 Annual Meeting, announcing new independent director nominees, Marla Gottschalk and Quentin Roach. Both bring extensive supply chain and financial expertise. Longtime CEO John Lederer will retire at this meeting. The Board aims to drive shareholder value through a long-range plan focusing on growth and operational efficiency, targeting ~$1.7 billion in Adjusted EBITDA by 2024. The Board's commitment to governance best practices includes the addition of six independent directors over four years and a diverse slate for the upcoming election.
US Foods Holding Corp. (NYSE: USFD) has launched its Spring 2022 Scoop™ under the theme 'Do More with Less,' showcasing 18 innovative products aimed at helping restaurants expand menus while managing costs. The company emphasizes the need for versatile offerings as nearly 60% of restaurants have reduced menus post-pandemic. The new products, including unique items like Monarch® Green Chickpeas and Chef’s Line® Korean Barbecue Sauce, aim to address labor shortages and improve operational efficiency. Operators can consult with US Foods experts for further insights and menu inspiration.
FAQ
What is the current stock price of US Foods Holding (USFD)?
What is the market cap of US Foods Holding (USFD)?
What does US Foods Holding Corp. do?
Where is US Foods Holding Corp. headquartered?
How many employees does US Foods have?
What sectors does US Foods supply?
What is the annual revenue of US Foods Holding Corp.?
What is Chef'Store?
What types of products does US Foods specialize in?
What are some recent achievements of US Foods?
How does US Foods support its customers?
Where can I find more information about US Foods?
