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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 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.
US Foods is facing potential work stoppages as the Teamsters Warehouse Division warns of unresolved labor contracts at its East Coast distribution centers. Allegations of unfair labor practices, including illegal terminations and bad faith bargaining, are under investigation by the NLRB. Workers, frustrated by the lack of progress in negotiations—some ongoing for nearly a year—are considering strikes. Historical protests against US Foods' labor practices have occurred across various states, highlighting longstanding employee grievances.
US Foods Holding Corp. (NYSE: USFD) will host over 70 customer engagement events this year to aid foodservice operators in overcoming challenges like labor shortages and rising costs. The US Foods Immersion and Fresh Perspectives events aim to provide innovative solutions and industry expertise. Key features include culinary demonstrations, hands-on technology introductions, and networking opportunities. These initiatives align with the company’s commitment to help operators optimize their businesses while managing food costs and improving operational efficiency.
US Foods Holding Corp. (NYSE: USFD) has entered a strategic partnership with Kalera, a leading hydroponic indoor vertical farming company. This relationship aims to deliver high-quality leafy greens year-round to foodservice operators, expanding US Foods' local farm portfolio, part of its Serve Local program. Kalera plans to allocate up to 50% of its US production capacity to this market. The partnership promises innovations in product offerings, utilizing advanced farming technologies for sustainable produce with reduced water usage compared to traditional farming methods.
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