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 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.
US Foods Holding Corp. (NYSE: USFD) proudly announced that 18 of its drivers were inducted into the 2021 class of the International Foodservice Distributors Association (IFDA) Truck Driver Hall of Fame. This honor recognizes drivers with exemplary careers and safety records, aligning with US Foods' commitment to a 'Get Home Safe' mindset. To qualify, drivers needed at least 25 years of service without chargeable accidents and no moving violations in the last five years. This recognition underscores the vital role drivers play in the foodservice distribution industry.
US Foods Holding Corp. (USFD) reported Q1 fiscal 2021 results showing a 0.7% decline in net sales to $6.3 billion, largely due to COVID-19 impacts. Total case volume and organic case volume fell by 0.9% and 6.4% respectively, although independent restaurant case volume rose by 8.1%. Gross profit decreased 5.9% to $1.0 billion. The net loss available to common shareholders was $39 million, with an adjusted EBITDA of $172 million, a 2.8% decrease. The company did not provide fiscal 2021 guidance owing to COVID-19 uncertainty.