Welcome to our dedicated page for Us Foods Hldg news (Ticker: USFD), a resource for investors and traders seeking the latest updates and insights on Us Foods Hldg stock.
US Foods Holding Corp. (NYSE: USFD) is described as one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 customer locations and foodservice operators. This news page collects company press releases and market-moving updates so readers can follow how US Foods executes its distribution strategy, product development, financial plans and community initiatives.
News about US Foods frequently covers quarterly and annual financial results, including net sales trends, case volume growth across customer types, gross profit performance and non-GAAP metrics such as Adjusted EBITDA and Adjusted Diluted EPS. Earnings releases also highlight management’s commentary on margin expansion, self-help initiatives, capital allocation, and guidance for fiscal years and multi-year growth algorithms.
US Foods also issues news on strategic and corporate actions. Recent disclosures include information sharing arrangements and subsequent termination of discussions related to a potential combination with Performance Food Group, plans for share repurchase programs, and a definitive agreement to acquire Shetakis, an independent food distributor in Las Vegas, Nevada. The company additionally announces participation in investor conferences such as the ICR Conference, the Morgan Stanley Global Consumer & Retail Conference and the Piper Sandler Growth Frontiers Conference.
Product and customer-focused updates appear in releases like the Fall 2025 Scoop™ launch, which showcases new Exclusive Brands products designed to help operators improve profitability and streamline operations. Community and ESG-related news includes reports on the “Helping Communities Make It” program, hunger relief partnerships, culinary education scholarships, disaster relief support and associate-focused assistance funds.
Investors, analysts and industry participants can use this USFD news feed to monitor financial performance, strategic decisions, product innovation and community engagement activities that shape the company’s role in U.S. foodservice distribution.
US Foods has launched its Spring 2023 Scoop™, themed "Stand Out from the Crowd," featuring 20 innovative menu items. These new offerings aim to help foodservice operators refresh their menus with unique twists on classic favorites and globally influenced flavors. According to Stacey Kinkaid, 76% of diners are seeking the next food trend, motivating this launch. The products are designed to save at least 30 minutes of labor per case compared to traditional preparations. Key highlights include Chef’s Line® All-Natural Pollo Asado and Harbor Banks® Hard Cider Battered Shrimp, appealing to diverse consumer tastes.
US Foods Holding Corp. (NYSE: USFD) announced that CFO Dirk Locascio will participate in a fireside chat at the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on Tuesday, March 14, at 9:45 a.m. PDT (11:45 a.m. CDT). Media and investors can access a live audio webcast on the company's Investor Relations page at https://ir.usfoods.com with a replay available later that day.
US Foods is a leading foodservice distributor in the U.S., partnering with approximately 250,000 restaurants and foodservice operators. The company, headquartered in Rosemont, Ill., offers a broad range of food products and innovative business solutions.
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.
org value="NYSE:USFD"US Foods Holding Corp. has added two technology solutions, Bear Robotics and 7shifts, to its CHECK® Business Tools program aimed at enhancing efficiency for foodservice operators. The inclusion follows their participation in US Foods' Innovative Partnerships incubator, which evaluated over 20 tech companies. Bear Robotics introduces 'Servi', a hospitality robot designed to assist staff by running food and drinks, while 7shifts offers a comprehensive management platform that streamlines scheduling and team communication. These innovative tools aim to address labor challenges and improve operational efficiency across the restaurant industry.
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.
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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.