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US Foods Holding Corp. reports developments as a U.S. foodservice distributor serving restaurants, hospitality operators and other foodservice customers with fresh, frozen and dry food, nonfood products, e-commerce tools and business solutions. Recurring updates cover quarterly earnings, case volume, sales, profitability, cash flow, capital expenditures and share repurchases, along with distribution-network investments.
Company news also includes product and service launches such as Scoop exclusive-brand lineups, Menu IQ within the MOXē platform, and SIGNATURE tools for hospitality operators. Other recurring themes include customer programs, culinary scholarship initiatives and investor conference communications.
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.
US Foods Holding Corp. (NYSE: USFD) will host a live conference call to discuss its third quarter 2022 results on Thursday, November 10, 2022, at 9 a.m. CST. Participants can dial 877-344-2001, using Conference ID: 2528845. A replay will be available from 12 p.m. CST on the same day until November 17, 2022, by calling 800-770-2030. The conference will also be webcast on the company’s Investor Relations website, where presentation slides will be accessible shortly before the event.
US Foods Holding Corp. (NYSE: USFD) has announced its 2022 US Foods Scholars program, awarding eighteen culinary and hospitality students with scholarships of $20,000 each. Since its inception in 2017, the program has allocated over $1.3M to nearly 70 students, aiming to address the talent shortage in the restaurant and hospitality sectors. This initiative not only supports educational pursuits but also fosters a future generation of culinary talent, helping students achieve their culinary dreams.
US Foods Holding Corp. (NYSE: USFD) will host a live conference call on November 10, 2022, at 9 a.m. CST to discuss its third quarter 2022 results. The call can be accessed by dialing 888-504-7949 and providing the passcode 579722. A replay will be available post-call. Investors can also access a live webcast on the company’s Investor Relations website, with presentation slides available prior to the call. US Foods is a major foodservice distributor, serving around 250,000 customers with over 70 locations nationwide.