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 (NYSE: USFD) plans to open a new CHEF’STORE in St. George, Utah in February 2023. The 20,000-square-foot store will be the second CHEF’STORE location in Utah and provide over 7,000 restaurant-quality products to customers without requiring membership. This expansion supports local culinary needs and aims to enhance the cash and carry market. With this addition, US Foods will operate a total of 88 CHEF’STORE locations across the continental United States, showcasing its commitment to growth in the foodservice distribution sector.
US Foods Holding Corp. (NYSE: USFD) has unveiled its Fall 2022 Scoop™, featuring 22 innovative products aimed at enhancing menu profitability amidst rising labor and food costs. The new offerings focus on labor-saving solutions that allow food service operators to attract diners while improving their bottom line. Key highlights include premium sides that can increase check averages by $3, and plant-based swaps that can generate an additional $1-$3 in revenue. This strategic move aligns with current dining trends and provides substantial labor cost savings.
US Foods Holding Corp. (NYSE: USFD) has expanded its distribution center in Marrero, Louisiana, nearly tripling its size. This facility will enhance distribution in New Orleans and across Louisiana and Mississippi, featuring a demonstration kitchen and technology center for customer support. The expansion aligns with the company’s sustainability goals, meeting Silver LEED certification standards with energy-efficient installations. An official grand opening is scheduled for November, showcasing culinary demonstrations and tours.
US Foods Holding Corp. (NYSE: USFD) reported a strong second quarter for fiscal 2022, with net income rising to $61 million, a $15 million increase year-over-year. Adjusted EBITDA reached $368 million, up 10.8%, and net sales grew 15.2% to $8.8 billion, driven by food cost inflation. Gross profit also increased 18.3% to $1.4 billion. However, total case volume remained flat, with challenges in chain volume impacting growth. The company reaffirmed its 2022 guidance for Adjusted EBITDA between $1.2-$1.3 billion and Adjusted Diluted EPS of $1.95-$2.25.
US Foods Holding Corp. (NYSE: USFD) will hold a live conference call and webcast on August 11, 2022, at 9 a.m. CDT to discuss its second quarter 2022 results. Updated details for the conference line and passcode have been provided. Participants can join by dialing 888-504-7949 and using passcode 468495. A replay will be accessible after the call, with a link provided for listeners. The presentation slides will be available shortly before the call on the Investor Relations website, with an archive starting from 12 p.m. CDT on the same day.
US Foods Holding Corp. (NYSE: USFD) will host a conference call on August 11, 2022, at 9 a.m. CDT to discuss its second quarter 2022 results. Investors can access the call by dialing (844) 292-0976 with conference ID 8784881. A replay will be available from 12 p.m. CDT on August 11 until September 11, 2022. The call will also be webcast live, with presentation slides available on the investor relations website. US Foods is a leading foodservice distributor in America, serving about 250,000 customers.
US Foods Holding Corp. (NYSE: USFD) has submitted its greenhouse gas (GHG) emission reduction targets for approval to the Science Based Targets initiative. The company completed a comprehensive assessment of its Scope 3 emissions and aims to engage key suppliers, covering 71% of its emissions, to set science-based targets by 2027. US Foods plans a 32.5% reduction in absolute Scope 1 and 2 GHG emissions by 2032, based on 2019 levels. The company also commits to adding 30 electric vehicle trucks by 2023 and investing in renewable energy sources.
US Foods Holding Corp. (NYSE: USFD) announced plans to open new CHEF’STORE locations in California, Montana, and North Carolina, signaling ongoing growth. The new stores will enhance customer access to wholesale food and restaurant supplies, with locations set to open in fall 2022 and early 2023. This expansion will increase CHEF’STORE's network to 87 locations nationwide, offering over 19,000 to 23,500 square feet of shopping space at each store. This initiative follows USFD's acquisition of Smart Foodservice Warehouse in April 2020.
US Foods Holding Corp. (NYSE: USFD) has announced the launch of its 70th distribution facility in
US Foods announced that six of its drivers have been inducted into the 2022 International Foodservice Distributors Association (IFDA) Truck Driver Hall of Fame. The inductees include John Avery, Gregory Bernard, Steven Heeney, John Jelinski, Michael Markison, and Michael Tischmak, with service years ranging from 25 to 35. This honor emphasizes the company's commitment to a safety culture.
Only drivers with exceptional safety records and at least 25 years of service can qualify for the Hall of Fame. This noteworthy recognition will be celebrated at the IFDA Distribution Solutions Conference from September 14-16, 2022, in Tampa, Florida.
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?
