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 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.
Toast (NYSE: TOST) has renewed its strategic partnership with US Foods (NYSE: USFD), enhancing their commitment to the restaurant industry. This partnership focuses on providing technology solutions to restaurant owners, aimed at saving time, boosting revenue, and improving customer experience. Toast's Chairman and CEO, Chris Comparato, emphasized the alignment of both companies in their mission to support restaurants. US Foods praised Toast for its innovative solutions crucial for their CHECK Business Tools program, which serves around 250,000 clients across the US.
US Foods Holding Corp. (USFD) reported its Q1 fiscal 2022 results, showcasing a 23.9% increase in net sales, reaching $7.8 billion. Total case volume rose 4.1%, driven by a 9.2% increase in independent restaurant case volume. Gross profit grew 19.1% to $1.2 billion, with an adjusted EBITDA increase of 40.1% to $241 million. Despite a net loss of $16 million, improved from the prior year, adjusted diluted EPS was $0.36. The company aims to bolster growth and operational efficiencies amid ongoing industry challenges.
US Foods Holding Corp. (NYSE: USFD) has addressed shareholder concerns regarding claims made by Sachem Head Capital Management in a letter for the upcoming 2022 Annual Meeting on May 18, 2022. The US Foods Board recommends voting for all its directors, emphasizing a one-year Total Shareholder Return (TSR) of 56%, outpacing industry peers. They refute allegations of poor margin improvements and capital allocation decisions, asserting strategic acquisitions and a focus on operational efficiency. The Board aims for $1.7 billion in Adjusted EBITDA by 2024, reinforcing their commitment to shareholder value.
US Foods Holding Corp. (NYSE: USFD) filed an investor presentation urging shareholders to vote for its qualified directors at the upcoming Annual Meeting on May 18, 2022. The presentation highlights US Foods’ strong track record of profitable growth, with a CAGR of 8.1% in Adjusted EBITDA pre-pandemic and promising forward-looking goals including $1.7 billion of Adjusted EBITDA by 2024. The Board consists of 11 experienced directors, actively ensuring corporate governance and focusing on ESG commitments. US Foods aims to return capital to shareholders while enhancing operational efficiency.
US Foods Holding Corp. (NYSE: USFD) reported strong preliminary results for Q1 2022, with net sales up 24% to $7.8 billion and adjusted EBITDA increasing 40% to $241 million. The company highlighted a 4% growth in total case volume and a significant improvement in net loss to $16 million. US Foods urges shareholders to vote for its board nominees amid a challenge from Sachem Head Capital Management, emphasizing the board’s qualifications and commitment to executing the company's long-term strategic plan aimed at enhancing shareholder value.
US Foods Holding Corp. (USFD) reported strong preliminary results for Q1 FY 2022, with net sales reaching $7.8 billion, a 24% increase year-over-year. Total case volume grew 4%, and independent restaurant case volume surged 9%.
Gross profit rose 19% to $1.2 billion. Adjusted EBITDA increased by 40% to $241 million, highlighting effective cost management despite a net loss available to common shareholders of $16 million. The company reaffirms its fiscal guidance for 2022, reflecting confidence in its long-range strategy.
US Foods Holding Corp. (NYSE: USFD) is accepting applications for its 2022 US Foods Scholars program until May 24. Since its launch in 2017, the program has awarded over
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