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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 Holding Corp. (NYSE: USFD) reported robust fourth quarter and fiscal year 2022 results, showcasing a 15.5% increase in net sales to $34.1 billion and a 33.6% growth in adjusted EBITDA, reaching $1.31 billion. The fourth quarter net sales reached $8.5 billion, up 11.5% year-over-year. The company benefited from a 5.8% rise in independent restaurant case volume, despite a 5.8% decline in chain volume. Operating expenses rose 15.8% to $4.9 billion, primarily due to higher labor costs. The company's net debt decreased to $4.6 billion, with a leverage ratio of 3.5x. For 2023, US Foods provided an adjusted EBITDA guidance of $1.45-$1.51 billion.
US Foods announced the addition of battery-electric Freightliner eCascadia trucks to its La Mirada, California distribution center, reinforcing its commitment to sustainability.
The company aims to reduce absolute Scopes 1 and 2 greenhouse gas emissions by 32.5% by 2032 from 2019 levels, with plans for 30 electric trucks in 2023. The electric trucks will also decrease harmful emissions in Southern California.
Supported by various environmental programs, the trucks feature advanced technology for efficient regional deliveries while maintaining zero tailpipe emissions.
US Foods Holding Corp. (NYSE: USFD) announced it will hold a live conference call to discuss its fourth quarter and fiscal year 2022 financial results on February 16, 2023, at 9 a.m. CST. Interested listeners can join by calling 877-344-2001 and should dial in 10 minutes prior to the start time. The call will also be available via webcast on the company's Investor Relations website. A replay of the call will be accessible shortly after it concludes. US Foods is one of America’s leading foodservice distributors, serving approximately 250,000 restaurants and foodservice operators.
US Foods has appointed Dave Flitman as its new CEO, effective January 5, 2023. With over 35 years of experience in food distribution and supply chain management, Flitman aims to enhance the company's operational excellence and growth strategy. He previously led Builders FirstSource and has extensive experience in foodservice distribution as CEO of Performance Foodservice. Executive Chairman Bob Dutkowsky expressed confidence in Flitman's ability to deliver shareholder value and foster a thriving culture.
US Foods Holding Corp. (NYSE: USFD) announced that CFO Dirk Locascio will participate in a fireside chat at the Barclays Eat, Sleep, Play Conference in New York City on Tuesday, Nov. 29 at 8 a.m. EST. Investors and media can listen to the live audio webcast on the Investor Relations page of the company’s website, with a replay available later that day. US Foods is a leading foodservice distributor, partnering with around 250,000 operators nationwide, and providing a diverse range of food offerings and e-commerce solutions.
US Foods Holding Corp. (NYSE: USFD) reported impressive third-quarter fiscal 2022 results, with net income rising to $100 million, a $45 million increase year-over-year. Adjusted EBITDA increased by 20.6% to $351 million. The company achieved net sales of $8.9 billion, a 13% increase, driven by food cost inflation. Gross profit also rose by 17.6% to $1.5 billion. To enhance shareholder value, the Board announced a $500 million share repurchase program. The updated fiscal guidance anticipates adjusted EBITDA between $1.28-$1.30 billion and adjusted diluted EPS of $2.10-$2.20.
US Foods Holding Corp. (NYSE: USFD) will host a live conference call to discuss its third quarter 2022 results on Thursday, November 10, 2022, at 9 a.m. CST. Participants can dial 877-344-2001, using Conference ID: 2528845. A replay will be available from 12 p.m. CST on the same day until November 17, 2022, by calling 800-770-2030. The conference will also be webcast on the company’s Investor Relations website, where presentation slides will be accessible shortly before the event.
US Foods Holding Corp. (NYSE: USFD) has announced its 2022 US Foods Scholars program, awarding eighteen culinary and hospitality students with scholarships of
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