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US Foods Holding Corp. reports developments as a U.S. foodservice distributor serving restaurants, hospitality operators and other foodservice customers with fresh, frozen and dry food, nonfood products, e-commerce tools and business solutions. Recurring updates cover quarterly earnings, case volume, sales, profitability, cash flow, capital expenditures and share repurchases, along with distribution-network investments.
Company news also includes product and service launches such as Scoop exclusive-brand lineups, Menu IQ within the MOXē platform, and SIGNATURE tools for hospitality operators. Other recurring themes include customer programs, culinary scholarship initiatives and investor conference communications.
US Foods Holding Corp. (USFD) has priced a private offering of $900 million in 4.750% senior unsecured notes due 2029, increasing the offering size by $300 million. The offering is set to close on February 4, 2021. Proceeds will be used to redeem existing 5.875% notes due 2024, repay senior secured loans maturing in April 2025, and cover related fees. The notes are offered solely to qualified institutional buyers and non-U.S. persons. The offering is exempt from SEC registration under relevant securities laws.
US Foods Holding Corp. (NYSE: USFD) has initiated a private offering of $600 million in senior unsecured notes due 2029, led by its wholly-owned subsidiary, US Foods, Inc. The proceeds will help redeem existing 5.875% senior unsecured notes due 2024. The offering is exempt under the Securities Act and is aimed at qualified institutional buyers and non-U.S. persons. The notes are unregistered and may not be sold in the U.S. without proper registration or exemption. There is no guarantee the offering will be completed as proposed.
US Foods will host a live conference call on February 16, 2021, at 9 a.m. CST to discuss its fourth quarter and full fiscal year 2020 results. Investors can join the call by dialing (844) 292-0976, using conference ID 8790319. A replay will be available from 1 p.m. CST on February 16 until March 16. The call will also be webcast live on the company’s Investor Relations website, with presentation slides accessible shortly before the webcast starts.
US Foods Holding Corp. (NYSE: USFD) will present at the ICR Conference on January 11 at 1:30 p.m. EST. Chairman and CEO Pietro Satriano, along with CFO Dirk Locascio, will discuss company insights. Media and investors can access a live audio webcast and presentation slides via the company's Investor Relations page. A replay will be available the same day. US Foods is a leading foodservice distributor, supporting around 300,000 restaurants nationwide, with over 70 locations and 78 cash and carry stores.
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US Foods Holding Corp. (NYSE: USFD) has launched the 'Make It This Winter' platform, designed to assist restaurant operators facing COVID-19 challenges. This initiative includes one-on-one consultations, webinars, and new outdoor dining products like heaters and tents. Notably, the previous 'Make It Now' platform has been rebranded to reflect seasonal needs. Resources such as the Operating Safely Guide and various COVID-19 related tools have been updated to improve operational safety during winter. This commitment underscores US Foods' ongoing support for the foodservice industry.
US Foods Holding Corp. (NYSE: USFD) CFO Dirk Locascio is set to present at the Barclays Eat, Sleep, Play Virtual Conference on December 1 at 8:50 a.m. EST. Investors and media can tune in via a live audio webcast available on the Investor Relations page of US Foods' website. A replay will also be accessible later the same day. US Foods is a leading foodservice distributor, partnering with around 300,000 restaurants and foodservice operators, and offers a wide range of innovative food solutions.
US Foods Holding Corp. (NYSE: USFD) announced Q3 fiscal 2020 results showing a significant decline in financial metrics, with net sales dropping 10.5% to $5.8 billion and gross profit down 15.7% to $974 million. Total case volume fell 8.9%, while organic case volume decreased 22.2%. A net loss attributed to common shareholders was $2 million, and adjusted EBITDA decreased 31.9% to $209 million. Notably, the company withdrew its fiscal 2020 financial guidance due to ongoing COVID-19 uncertainties. US Foods maintained liquidity with $2.7 billion, but net debt increased to $4.8 billion.
US Foods Holding Corp. (NYSE: USFD) has launched Holiday Scoop 2020, aimed at helping restaurant operators create appealing family-style take-out meals for the holiday season. This edition features 14 innovative menu items that cater to rising demand, especially among families seeking convenient dining solutions. A recent survey indicates that one in three consumers plan to order more from restaurants this holiday. Additionally, the launch includes a new sanitizer product to ensure diner safety.
US Foods Holding Corp. (NYSE: USFD) announced the appointment of Bill Hancock as Executive Vice President and Chief Supply Chain Officer, effective Nov. 9, 2020. Hancock will manage warehousing, transportation, and supply chain operations, reporting to CEO Pietro Satriano. He brings extensive experience, having previously served at American Tire Distributors and Target Corporation, where he oversaw numerous distribution centers and supply chain functions. This appointment aims to enhance US Foods' supply chain efficiency and customer service.