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), a leading national foodservice distributor, provides essential updates through this dedicated news hub. Track official announcements covering strategic partnerships, financial performance, and operational developments impacting restaurants, healthcare facilities, and hospitality providers nationwide.
This resource delivers timely access to earnings reports, supply chain innovations, and technology integrations that shape the foodservice industry. Investors and operators will find press releases detailing product expansions, sustainability initiatives, and leadership updates critical for informed decision-making.
Discover updates on USFD's e-commerce platform enhancements, distribution network optimizations, and culinary support programs. Content is regularly updated to reflect the company's role in empowering foodservice businesses through reliable delivery systems and data-driven operational tools.
Bookmark this page for consolidated access to US Foods' corporate communications, including merger/acquisition activity and market expansion strategies. Verify operational impacts through primary source materials while staying informed about industry trends influenced by this key distributor.
Sachem Head Capital Management, holding approximately 8.7% of US Foods (NYSE: USFD), has filed updated proxy materials for the upcoming 2022 Annual Meeting, reducing its slate of nominees from seven to five. This decision follows the recent appointments of two new independent directors and the non-re-election of long-tenured director John Lederer. Sachem Head believes significant changes are necessary for US Foods to realize its potential and enhance stockholder value.
JLL (NYSE: JLL) has promoted Scott Einberger to Investor Relations Officer, effective April 1, 2022. He succeeds Chris Stent and will report to CFO Karen Brennan. Einberger brings extensive experience from his previous role at US Foods (NYSE: USFD) and joined JLL in September 2021. Brennan stated that Einberger is well-positioned to enhance the investor relations program. Einberger holds an MBA in Accounting and Finance and is a Certified Management Accountant (CMA). JLL operates globally with an annual revenue of $19.4 billion.
US Foods Holding Corp. (NYSE: USFD) has filed its preliminary proxy materials for the 2022 Annual Meeting, announcing new independent director nominees, Marla Gottschalk and Quentin Roach. Both bring extensive supply chain and financial expertise. Longtime CEO John Lederer will retire at this meeting. The Board aims to drive shareholder value through a long-range plan focusing on growth and operational efficiency, targeting ~$1.7 billion in Adjusted EBITDA by 2024. The Board's commitment to governance best practices includes the addition of six independent directors over four years and a diverse slate for the upcoming election.
US Foods Holding Corp. (NYSE: USFD) has launched its Spring 2022 Scoop™ under the theme 'Do More with Less,' showcasing 18 innovative products aimed at helping restaurants expand menus while managing costs. The company emphasizes the need for versatile offerings as nearly 60% of restaurants have reduced menus post-pandemic. The new products, including unique items like Monarch® Green Chickpeas and Chef’s Line® Korean Barbecue Sauce, aim to address labor shortages and improve operational efficiency. Operators can consult with US Foods experts for further insights and menu inspiration.
US Foods Holding Corp. (NYSE: USFD) announces key sustainability initiatives, committing to renewable diesel fuel for all California distribution centers by mid-2022. The company will also integrate 30 electric trucks by the end of 2023, enhancing its delivery fleet's carbon footprint. US Foods previously reported a 7.3% reduction in emissions intensity since 2015. The La Mirada site will host one of the largest electric truck deployments in the food service sector. These efforts align with the company’s Corporate Social Responsibility goals focused on people, planet, and products.
US Foods Holding Corp. (NYSE: USFD) has launched the US Foods VITALS program aimed at enhancing operational efficiency for healthcare operators. The program addresses key challenges like labor management, cost optimization, and patient satisfaction. Over 70% of operators highlight employee training and retention as significant issues, while 65% cite customer satisfaction. Operators engaged with VITALS typically see a 5% reduction in operational expenses. The program combines technology, operational expertise, and tailored solutions to improve service delivery and profitability.
US Foods Holding Corp. (NYSE: USFD) announced that CEO Pietro Satriano and CFO Dirk Locascio will participate in a virtual fireside chat at the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on Monday, March 7, at 2:05 p.m. PST (4:05 p.m. CST). Investors and media can access the live audio webcast through the company's Investor Relations page, with a replay available later that day. US Foods serves approximately 250,000 restaurants and foodservice operators, offering a broad range of food products and business solutions.
US Foods Holding Corp. reported strong fiscal results for 2021, with net sales increasing 28.8% to $29.5 billion. Fourth-quarter net sales rose 24.5% to $7.6 billion. Total case volume grew 16.9%, driven by increased restaurant traffic post-COVID restrictions. Adjusted EBITDA surged 63.1% to $1,057 million. The company expects Adjusted EBITDA of $1.2-$1.3 billion for fiscal 2022, with a long-term goal of $1.7 billion by 2024. CEO Pietro Satriano highlighted resilience amid supply chain challenges and a focus on profitable growth.
US Foods has declined the offer from Sachem Head Capital Management to appoint Bernardo Hees as Executive Chairman. This decision follows concerns regarding Hees’ previous leadership, including issues at Kraft Heinz that led to significant financial impairments and legal challenges. US Foods aims to enhance shareholder value by adding new directors with relevant experience and expanding its market share post-pandemic. The company remains committed to transparent governance and will present recommendations at its upcoming annual meeting.
FAQ
What is the current stock price of Us Foods Hldg (USFD)?
What is the market cap of Us Foods Hldg (USFD)?
