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US Foods Holding Corp. - USFD STOCK NEWS

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.

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US Foods has released its 2023 Sustainability Report, detailing progress across three strategic areas: Products, People, and Planet. The company has expanded its range of sustainable products, now offering over 4,200 differentiated products. It introduced the US Foods Serve You™ and Climate-Conscious categories to emphasize well-being and environmental benefits. The company also enhanced workplace diversity, exceeding its 2023 goals, and boosted spending with diverse suppliers by 13% and small businesses by 44% since 2020. Environmental initiatives resulted in a 6% reduction in Scope 1 and 2 emissions since 2019 and the deployment of 100 alternative fuel vehicles. US Foods continues to advance its sustainability efforts by collaborating with stakeholders.

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US Foods Holding Corp. (NYSE: USFD) reported strong first quarter fiscal year 2024 earnings, with a 4.8% growth in net sales to $8.9 billion and a 4.9% increase in gross profit to $1.5 billion. The company also saw a 6% rise in adjusted EBITDA to $356 million and reaffirmed its fiscal year 2024 guidance. US Foods closed on the acquisition of IWC Food Service, expanding its presence in Tennessee. The company remains focused on strategic initiatives to enhance profitability and capture market share.

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US Foods Holding Corp. (NYSE: USFD) will host an investor day on June 5, 2024, at its Chicago-area headquarters. The event will feature presentations by key executives, providing insights into the company's business drivers, strategy, and financial goals.
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US Foods Holding Corp. (USFD) will host a conference call to discuss first quarter 2024 results on May 9, 2024, at 8 a.m. CDT. The call can be accessed via phone or webcast, with presentation slides available online.
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US Foods Holding Corp. announces $360,000 in scholarships for culinary and hospitality students nationwide. The program offers $20,000 scholarships to 18 students, empowering the next generation of talent in the foodservice industry.
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US Foods Holding Corp. announced the launch of its Spring 2024 Scoop, featuring plant-forward, gluten-free, and clean ingredient label products under the 'Serve You' portfolio. The products cater to evolving dietary preferences, offering high-quality options that save operators time and appeal to a variety of diners.
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US Foods Holding Corp. announces a strategic investment of nearly $2 million to support hunger relief, culinary education, and disaster relief initiatives. The investment will empower communities facing food insecurity, educational hardships, and natural disasters through innovative programming.
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US Foods Holding Corp. (USFD) announced the resignation of Scott Ferguson, a Board Member, effective Feb. 28, 2024. Ferguson praised the company's progress and leadership under CEO Dave Flitman. The Board acknowledged his valuable contributions and insights during his tenure.
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US Foods Holding Corp. announces plans to open five new CHEF’STORE locations in North Carolina, Oregon, Virginia, and Georgia in the second half of 2024. The stores will offer a wide range of products to restaurant operators, food industry professionals, and at-home chefs. The expansion aims to provide exceptional value, service, and a vast selection of competitively priced restaurant-quality products and supplies to customers.
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US Foods Holding Corp. (NYSE: USFD) reported strong financial results for fiscal year 2023, with net sales growing 4.5% to $35.6 billion and adjusted EBITDA increasing by 19.0% to a record $1.56 billion. The company achieved strong cash flow, repurchased shares, and executed tuck-in M&A. The CEO and CFO expressed confidence in the company's performance and outlined positive outlook for fiscal year 2024, with guidance including adjusted EBITDA of $1.69 to $1.74 billion.
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FAQ

What is the current stock price of US Foods Holding (USFD)?

The current stock price of US Foods Holding (USFD) is $67.86 as of December 23, 2024.

What is the market cap of US Foods Holding (USFD)?

The market cap of US Foods Holding (USFD) is approximately 15.6B.

What does US Foods Holding Corp. do?

US Foods Holding Corp. is a leading foodservice distributor in the U.S., partnering with chefs, restaurateurs, and foodservice operators to provide a broad range of food products and business solutions.

Where is US Foods Holding Corp. headquartered?

US Foods Holding Corp. is headquartered in Rosemont, Illinois.

How many employees does US Foods have?

US Foods employs nearly 25,000 people.

What sectors does US Foods supply?

US Foods distributes food and non-food products to healthcare, hospitality, education, government facilities, and grocers.

What is the annual revenue of US Foods Holding Corp.?

US Foods generates approximately $23 billion in annual revenue.

What is Chef'Store?

Chef'Store is a chain of 80 cash-and-carry stores operated by US Foods, offering a variety of foodservice products.

What types of products does US Foods specialize in?

US Foods specializes in a wide range of food products, with a significant portion of their revenue coming from meats and seafood.

What are some recent achievements of US Foods?

US Foods has been expanding its e-commerce capabilities and product portfolio to better serve its foodservice partners.

How does US Foods support its customers?

US Foods supports its customers by providing a broad and innovative food offering, alongside e-commerce, technology, and business solutions.

Where can I find more information about US Foods?

For more information, visit their website at www.usfoods.com.

US Foods Holding Corp.

NYSE:USFD

USFD Rankings

USFD Stock Data

15.60B
231.73M
0.39%
99.96%
1.47%
Food Distribution
Wholesale-groceries & Related Products
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United States of America
ROSEMONT