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) 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.
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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.
US Foods Holding Corp. (NYSE: USFD) has announced the separation of the roles of Chief Executive Officer and Chair, appointing Robert M. Dutkowsky as non-executive Chair. Pietro Satriano remains as CEO. This decision follows a governance review and reflects the company's commitment to corporate governance best practices. Additionally, Cheryl A. Bachelder and Ann E. Ziegler have been elected as Chairs of the Compensation and Nominating & Corporate Governance Committees, respectively. Shareholders are encouraged to review upcoming proxy statements for critical information.
US Foods Holding Corp. (NYSE: USFD) plans to open two new CHEF’STORE locations in Visalia, CA, and Lynchburg, VA, enhancing its retail presence. The Visalia store, spanning 30,000 square feet, will offer over 5,000 products and is set to launch on February 19, 2022. The Lynchburg store will be 24,000 square feet with more than 4,500 products, opening in spring 2022. These expansions aim to cater to restaurant operators and consumers seeking quality products at wholesale prices, further solidifying US Foods' foothold in the cash and carry market.