Us Foods Hldg Corp Stock Price, News & Analysis

US Foods has announced its commitment to fight hunger by donating the equivalent of over $200,000 to various organizations including Feeding America as part of Hunger Action Month. This initiative includes providing more than 240,000 meals and raising $16,000 in product donations for additional hunger organizations. The company's efforts are aimed at supporting communities impacted by food insecurity and recent disasters, including Hurricane Ida.

US Foods has launched its 10th annual edition of Fall Scoop, themed 'Next-Gen Ideas for Next-Gen Diners.' The initiative features 23 innovative products aimed at attracting younger generations, particularly Gen Z and Millennials. With these products, US Foods aims to enhance dining experiences by incorporating familiar items with unique twists, sustainability, and social media appeal. The offerings promise significant labor savings for restaurant operators, encouraging operators to tap into this lucrative market segment, which forms over half of the population.

US Foods has selected the latest group of 18 culinary and hospitality students for its US Foods Scholars program, offering scholarships up to $20,000 each. This year's announcement follows a program expansion that includes partnerships with two historically Black colleges, enhancing its commitment to diversity. Since 2017, the program has awarded over $1,000,000 to 51 students, with 33 currently pursuing their degrees. The initiative aims to support promising students by providing financial assistance and professional development opportunities.

US Foods Holding Corp. (USFD) reported robust second quarter results for fiscal 2021, with net sales surging 68% to $7.7 billion and gross profit up 74.2% to $1.2 billion. Total case volume increased by 53.5%, driven by a 79.1% rise in independent restaurant case volume. Adjusted EBITDA saw a remarkable 277.3% increase to $332 million, while diluted EPS reached $0.20. Despite challenges from supply chain labor, the company remains optimistic about future growth as in-person dining restrictions ease and leisure travel rises.

US Foods Holding Corp. (NYSE: USFD) will host a live conference call on August 9, 2021, at 9 a.m. CDT to discuss its second quarter fiscal 2021 results. Participants can join by dialing (844) 292-0976 with conference ID 6898329, 10 minutes before the start time. A replay will be available from 12 p.m. CDT on the same day until September 9, 2021, by calling (855) 859-2056 using the same conference ID. Investors can also access the live webcast via the company’s Investor Relations website.

US Foods Holding Corp. (NYSE: USFD) announced the appointment of John Tonnison as Executive Vice President, Chief Information and Digital Officer, effective July 12, 2021. Tonnison, with over 30 years of experience in technology and digital strategy, will oversee all IT functions including digital commerce solutions and cybersecurity. Prior to joining US Foods, he served at Tech Data Corporation, where he led global innovation and digital capabilities. This leadership change aims to enhance US Foods' technology vision to better serve its customers across 300,000 food service operations.

US Foods Holding Corp. (NYSE: USFD) has launched Tender by Design™, a new process that ensures frozen beef matches the quality and tenderness of fresh beef. This innovation provides operators access to high-quality steaks throughout the year at competitive prices, aiding in inventory and portion control. Available under the Stock Yards® brand, the product line includes different cuts of top sirloin steaks. The proprietary process involves careful sourcing and freezing techniques to lock in freshness, addressing challenges in the beef market.

US Foods Holding Corp. (NYSE: USFD) introduces Summer Scoop™, featuring 18 innovative products aimed at helping restaurant operators manage labor shortages. With 62% of operators concerned about finding skilled workers, this lineup promises to save 85-95% of back-of-house preparation time. Products include hot sauces, burgers, and sides designed for ease of use and profitability. US Foods also offers complimentary consultations through Restaurant Operations Consultants to assist with operational challenges. This initiative supports the ongoing recovery of the dining sector.

US Foods Holding Corp. (NYSE: USFD) will have its Chairman and CEO, Pietro Satriano, participate in a fireside chat at the Jefferies Virtual Consumer Conference on June 22, at 1:30 p.m. EDT. The event will include a general business update, beneficial for both media and investors. A live audio webcast can be accessed via the company’s Investor Relations page at https://ir.usfoods.com, with a replay available later that day. US Foods is a leading foodservice distributor, serving around 300,000 restaurants across the U.S.