Us Foods Hldg Corp Stock Price, News & Analysis

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 Sacramento, California. The 355,000-square-foot facility aims to enhance service efficiency for customers in Northern California and incorporates various sustainable features, including a forthcoming Silver LEED certification and a solar array expected to cover 40-50% of its energy needs. The facility also boasts a fleet of 27 CNG trucks and an onsite Renewable Diesel fueling station, affirming US Foods' commitment to reducing its environmental impact.

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.

US Foods announced the upcoming opening of a new CHEF’STORE in Spartanburg, S.C., expanding its retail footprint in the region. The 33,000-square-foot store will provide access to over 4,000 restaurant-quality products at competitive prices, aimed at restaurant operators and the general public. This location marks the fourth CHEF’STORE in South Carolina, joining existing stores in Charleston, Myrtle Beach, and Columbia. The Spartanburg store is set to open in Fall 2022, bringing the total number of CHEF’STORE locations nationwide to 83.