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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 has declined the offer from Sachem Head Capital Management to appoint Bernardo Hees as Executive Chairman. This decision follows concerns regarding Hees’ previous leadership, including issues at Kraft Heinz that led to significant financial impairments and legal challenges. US Foods aims to enhance shareholder value by adding new directors with relevant experience and expanding its market share post-pandemic. The company remains committed to transparent governance and will present recommendations at its upcoming annual meeting.
US Foods Holding Corp. (NYSE: USFD) has announced the separation of the roles of Chief Executive Officer and Chair, appointing Robert M. Dutkowsky as non-executive Chair. Pietro Satriano remains as CEO. This decision follows a governance review and reflects the company's commitment to corporate governance best practices. Additionally, Cheryl A. Bachelder and Ann E. Ziegler have been elected as Chairs of the Compensation and Nominating & Corporate Governance Committees, respectively. Shareholders are encouraged to review upcoming proxy statements for critical information.
US Foods Holding Corp. (NYSE: USFD) plans to open two new CHEF’STORE locations in Visalia, CA, and Lynchburg, VA, enhancing its retail presence. The Visalia store, spanning 30,000 square feet, will offer over 5,000 products and is set to launch on February 19, 2022. The Lynchburg store will be 24,000 square feet with more than 4,500 products, opening in spring 2022. These expansions aim to cater to restaurant operators and consumers seeking quality products at wholesale prices, further solidifying US Foods' foothold in the cash and carry market.
US Foods Holding Corp. (NYSE: USFD) is set to hold a live conference call on February 17, 2022, at 9 a.m. CST to discuss its fourth quarter and fiscal year 2021 results. Investors can access the call by dialing (844) 292-0976, using conference ID 5561796. A replay will be available from 12 p.m. CST on the same day until March 17, 2022. The call will also be webcast on the company’s Investor Relations website.
US Foods is a leading foodservice distributor, partnering with around 300,000 restaurants and operators across the nation.
US Foods Holding Corp. (NYSE: USFD) has announced a donation of
US Foods Holding Corp. (NYSE: USFD) will participate in a fireside chat at the Barclays Eat, Sleep, Play Conference on Wednesday, December 1, at 8:15 a.m. EST. Chairman and CEO Pietro Satriano and CFO Dirk Locascio will provide a business update. Investors and media can access a live audio webcast through the company’s Investor Relations page at https://ir.usfoods.com, with a replay available later that day. US Foods is a leading foodservice distributor, partnering with approximately 300,000 restaurants nationwide.
US Foods Holding Corp. (NYSE: USFD) announced a private offering of $500 million in 4.625% senior unsecured notes due 2030. The offering is set to close on November 22, 2021, subject to customary conditions. Proceeds will be used to repay some outstanding term loans due June 27, 2023, and cover related expenses. The notes will be offered only to qualified institutional buyers and foreign persons under the Securities Act exemptions. US Foods expects to manage the remaining term loans through a new loan facility and cash on hand.
US Foods Holding Corp. (NYSE: USFD) announced a private offering of $500 million in senior unsecured notes due in 2030, initiated by its subsidiary, US Foods. The proceeds will be allocated primarily to repay a portion of the company's 2023 Term Loans maturing on June 27, 2023, along with covering related fees and expenses. These notes will be offered under exemptions from the Securities Act, with no guarantees of the offering's final terms or consummation.
US Foods Holding Corp. (NYSE: USFD) reported strong third quarter results for fiscal 2021, with net sales rising 34.9% to $7.9 billion. Total case volume increased by 18.5%, and independent restaurant case volume surged by 25.1%. Gross profit was up 27.4% to $1.2 billion, while adjusted EBITDA increased by 39.2% to $291 million. Net income available to common shareholders reached $55 million, with diluted EPS at $0.24. The company's solid performance was supported by robust restaurant traffic and food cost inflation of 11.5%. Despite ongoing supply chain challenges, US Foods is optimistic about future growth.
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