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 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.
US Foods Holding Corp. (NYSE: USFD) has launched the national rollout of MOXē, an advanced all-in-one e-commerce application designed for the food service distribution industry. This app enables operators to access over 400,000 products, manage orders, and track deliveries seamlessly on any device. MOXē emphasizes speed, confidence, and control, offering real-time inventory data and user-friendly functionality. Developed from extensive research, it aims to enhance the e-commerce experience for operators, maintaining US Foods' leadership in food service technology.
US Foods (NYSE: USFD) plans to open a new CHEF’STORE in St. George, Utah in February 2023. The 20,000-square-foot store will be the second CHEF’STORE location in Utah and provide over 7,000 restaurant-quality products to customers without requiring membership. This expansion supports local culinary needs and aims to enhance the cash and carry market. With this addition, US Foods will operate a total of 88 CHEF’STORE locations across the continental United States, showcasing its commitment to growth in the foodservice distribution sector.
US Foods Holding Corp. (NYSE: USFD) has unveiled its Fall 2022 Scoop™, featuring 22 innovative products aimed at enhancing menu profitability amidst rising labor and food costs. The new offerings focus on labor-saving solutions that allow food service operators to attract diners while improving their bottom line. Key highlights include premium sides that can increase check averages by $3, and plant-based swaps that can generate an additional $1-$3 in revenue. This strategic move aligns with current dining trends and provides substantial labor cost savings.
US Foods Holding Corp. (NYSE: USFD) has expanded its distribution center in Marrero, Louisiana, nearly tripling its size. This facility will enhance distribution in New Orleans and across Louisiana and Mississippi, featuring a demonstration kitchen and technology center for customer support. The expansion aligns with the company’s sustainability goals, meeting Silver LEED certification standards with energy-efficient installations. An official grand opening is scheduled for November, showcasing culinary demonstrations and tours.
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.