NYSE:USFD

US Foods Reports First Quarter Fiscal Year 2024 Earnings

Retrieved on: 
Thursday, May 9, 2024
Supply Chain Management, Supermarket, Retail, Food, Beverage, CFO, Investment, Safety, IWC, Webcast, Information technology, Restaurant, Debt, Environment, Acquisition, EPS, CDT, Share repurchase, Adjustment, ID, GAAP, Security (finance)

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2024.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2024.
  • The ratio of Net Debt to Adjusted EBITDA was 2.8x at the end of the first quarter of fiscal 2024, compared to 2.8x at the end of fiscal 2023 and 3.2x at the end of the first quarter of fiscal 2023.
  • During the first quarter of fiscal 2024, the Company repurchased 0.3 million shares of common stock at an aggregate purchase price of $13 million.
  • US Foods will host a live webcast to discuss first quarter fiscal 2024 results on Thursday, May 9, 2024, at 8 a.m. CDT.

US Foods to Host 2024 Investor Day

Retrieved on: 
Monday, April 15, 2024
Restaurant, Bar, Food, Beverage, Supply Chain Management, Retail, Supermarket, CDT, Webcast

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced that it will host an investor day at its Chicago-area headquarters on June 5, 2024.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced that it will host an investor day at its Chicago-area headquarters on June 5, 2024.
  • In-person attendance is by invitation only to institutional investors, analysts and media.
  • Presentations are expected to begin at 9:00 a.m. CDT and conclude around 12:30 p.m. CDT.
  • A more detailed agenda and logistics will be provided at a later date.

US Foods to Host First Quarter 2024 Financial Results Conference Call and Webcast

Retrieved on: 
Thursday, April 11, 2024
Supply Chain Management, Retail, Restaurant, Bar, Food, Beverage, CDT, Conference, Webcast, Event

US Foods Holding Corp. (NYSE: USFD) will host a live conference call and webcast to discuss first quarter 2024 results on Thursday, May 9, 2024, at 8 a.m. CDT.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD) will host a live conference call and webcast to discuss first quarter 2024 results on Thursday, May 9, 2024, at 8 a.m. CDT.
  • Listeners should dial in 10 minutes prior to the call start time and provide the Conference ID 2528845 to be connected.
  • The conference call also will be webcast live from the company’s Investor Relations website at https://ir.usfoods.com .
  • An archive of the webcast will be available at the same location beginning at 12 p.m. CDT on May 9, 2024.

US Foods Now Accepting Applications for Newly Expanded Nationwide Scholarship Program

Retrieved on: 
Tuesday, April 9, 2024
Retail, Other Travel, Travel, Training, Restaurant, Bar, Other Philanthropy, Continuing, Philanthropy, University, Other Retail, Education, Supermarket, Foundation, Food, Beverage, Partnership, Scholarship America, Student, Book, Management

US Foods Holding Corp. (NYSE: USFD), one of America’s largest foodservice distributors, today announced applications for the company’s 2024 US Foods Scholars program are now being accepted through May 13.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD), one of America’s largest foodservice distributors, today announced applications for the company’s 2024 US Foods Scholars program are now being accepted through May 13.
  • The US Foods Scholars program offers culinary and hospitality students the additional financial resources needed to pursue degrees in culinary arts, baking and pastry, chef training, or hospitality management.
  • Since its launch, the program has awarded more than $1.7 million in scholarships to nearly 90 students.
  • The remaining six scholarships will be facilitated separately through the company’s partnership with Careers through Culinary Arts Program (C-CAP).

US Foods Spring Scoop Introduces Great Tasting Menu Solutions Aimed at Trending Dietary and Lifestyle Preferences

Retrieved on: 
Monday, March 18, 2024
Men, Family, Restaurant, Bar, Fitness & Nutrition, Millennials, Consumer, Lifestyle, Publishing, Packaging, Food, Beverage, Generation Z, Generation X, Communications, Manufacturing, Retail, Other Consumer, Women, Sprouts, Flour, Garlic, Taste, Head, FD, Fungus, US Foods, FD&C, MSG, Plant, Cheese, Honey, Multimedia, Metro

US Foods Holding Corp. (NYSE: USFD) – one of America’s leading food service distributors – announced today the launch of its Spring 2024 Scoop™.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD) – one of America’s leading food service distributors – announced today the launch of its Spring 2024 Scoop™.
  • “With Spring Scoop, we’ve delivered a variety of on-trend, high-quality products that can meet specific preferences, while also appealing to all diners regardless of their dietary or lifestyle choices.
  • Most importantly, all products help save operators back-of-house labor and are highly versatile without sacrificing flavor.”
    US Foods “Serve You” products appeal to diners who want more personalization given their dietary and lifestyle preferences are great tasting and can work across a variety of menu options.
  • To view all the new products featured in Spring Scoop, visit the company’s Scoop webpage at usfoods.com/springscoop .

US Foods Doubles Down on Community Giving Support With Nearly $2 Million in Additional Funding

Retrieved on: 
Monday, March 4, 2024
Food, Beverage, Defense, Retail, Other Philanthropy, Supply Chain Management, Environmental, Social and Governance (ESG), Social Services, Fund Raising, Foundation, Professional Services, Fitness & Nutrition, Philanthropy, General Health, Health, Military, Other Education, Continuing, Education, Disaster, Feeding America, Student, Occupational Outlook Handbook, US Foods, Roadmap, American Red Cross, Cooking, Employment, Red, Hunger, Tourism

The additional dollars will enable new and innovative initiatives across the company’s three strategic community giving pillars: hunger relief, culinary education and disaster relief.

Key Points: 
  • The additional dollars will enable new and innovative initiatives across the company’s three strategic community giving pillars: hunger relief, culinary education and disaster relief.
  • US Foods associates will continue their integral role in supporting the program through year-round volunteer events.
  • Amid rising food costs, 44 million people, including more than 13 million children, face hunger in the United States1.
  • Since its launch, the program has awarded more than $1.7 million in scholarships to nearly 90 students.

Scott Ferguson Steps Down From US Foods Board of Directors, Noting Confidence in Company Leadership and Strategy

Retrieved on: 
Thursday, February 29, 2024
Supply Chain Management, Retail, Food, Beverage, US Foods, Management, Chairperson, Partner (business rank)

Ferguson has been a member of the Company’s Board of Directors since March 2022.

Key Points: 
  • Ferguson has been a member of the Company’s Board of Directors since March 2022.
  • “US Foods has made impressive progress over the past few years, and I am confident that the company is positioned for further success under the strategic leadership of CEO Dave Flitman,” said Ferguson.
  • I believe the company’s future is bright.”
    “Scott has been an invaluable and collaborative member of our Board for the past two years,” added Robert Dutkowsky, Chair of the Board, US Foods.
  • “He brought fresh perspective and insights to our discussions, and I am thankful for his service and dedication to US Foods.”

US Foods CHEF'STORE Continues Steady Growth With Five New Store Openings Planned in 2024

Retrieved on: 
Tuesday, February 20, 2024
Online Retail, Retail, Restaurant, Bar, Supermarket, Specialty, Food, Beverage, Georgia State Route 9, Multimedia, NW, US Foods, Cornell Road, Meat, Drink

US Foods Holding Corp. (NYSE: USFD) – one of America’s leading foodservice distributors – announced today its plan to open five new CHEF’STORE® locations in 2024.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD) – one of America’s leading foodservice distributors – announced today its plan to open five new CHEF’STORE® locations in 2024.
  • The new stores will be in Beaverton, Ore.; Hampton, Va.; Hickory, N.C.; Sandy Springs, Ga.; and Virginia Beach, Va.
  • The new locations are expected to open in the second half of 2024.
  • The Hickory store, located at 521 U.S. Highway 70 SW., will be the fifth CHEF’STORE in North Carolina.

US Foods Reports Fourth Quarter and Fiscal Year 2023 Earnings

Retrieved on: 
Thursday, February 15, 2024
Food, Beverage, Retail, CFO, Acquisition, CST, Investment, Net, Share repurchase, IWC, US Foods, Health, Debt, Growth, ID, Adjustment, GAAP, Information technology, Webcast, Foodservice, EPS, Fiscal, Saladino, Security (finance)

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2023.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2023.
  • Net Debt at the end of fiscal year 2023 was $4.4 billion, a decrease of $238 million versus the end of fiscal 2022.
  • During the fourth quarter of fiscal 2023, the Company acquired Saladino's Foodservice, an independently owned broadline distributor based in central California for a purchase price of $56 million.
  • US Foods will host a live webcast to discuss fourth quarter and fiscal year 2023 results on February 15, 2024 at 8 a.m. CST.

US Foods Reaches Agreement With Teamsters Local 705 Representing Bensenville, Illinois, Drivers

Retrieved on: 
Thursday, January 25, 2024
Other Transport, Trucking, Other Retail, Transport, Specialty, Restaurant, Bar, Food, Beverage, Logistics, Supply Chain Management, Retail, US Foods, International Brotherhood of Teamsters

US Foods Holding Corp. (NYSE: USFD), one of America’s largest foodservice distributors, is pleased to have reached a fully recommended tentative agreement with Teamsters Local 705, the union that represents the company’s drivers in Bensenville, Ill.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD), one of America’s largest foodservice distributors, is pleased to have reached a fully recommended tentative agreement with Teamsters Local 705, the union that represents the company’s drivers in Bensenville, Ill.
  • The tentative agreement with the union was reached as a result of good faith bargaining efforts.
  • The agreement recognizes the hard-working US Foods Bensenville drivers and enables the company to continue to grow the business as it serves its valued customers in the Chicagoland area.
  • US Foods has a long-standing track record of bargaining in good faith to reach agreements with the union and expects the contract to be ratified on Feb. 3, 2024.