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.
US Foods Holding Corp. (NYSE: USFD) has announced that its subsidiary, US Foods, Inc., has priced a private offering of $500 million in senior unsecured notes due 2033 with a 5.75% interest rate. The company plans to use the net proceeds to repay a portion of its outstanding term loan facility. The notes will be senior unsecured obligations of US Foods and guaranteed by its existing and future wholly-owned domestic subsidiaries that guarantee its term loan credit facility. The closing is scheduled for October 3, 2024, subject to customary conditions. The offering is exempt from SEC registration requirements and is only available to qualified institutional buyers in the US and certain non-US persons.
US Foods Holding Corp. (NYSE: USFD) has announced that its subsidiary, US Foods, Inc., plans to offer $500 million in senior unsecured notes due 2033, subject to market conditions. The company intends to use the net proceeds to repay a portion of its term loan facility. The notes will be offered privately to qualified institutional buyers in the US under Rule 144A and internationally under Regulation S of the Securities Act.
The offering is exempt from registration requirements, and the notes have not been registered under the Securities Act or state securities laws. This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to purchase the notes. The company cannot guarantee that the offering will be completed as proposed or at all.
US Foods Holding Corp. (NYSE: USFD) has launched its Fall 2024 Scoop™, featuring 24 new on-trend products designed to help operators reduce costs and differentiate their menus. The new lineup, themed 'Bar and Grill and Beyond,' addresses operator concerns about rising labor and food costs while attracting new customers. 10 products are part of the company's 'Serve You' portfolio, offering plant-forward, gluten-free certified, or clean ingredient options. Highlights include:
1. Chef's Line® All-Natural Cuban-Inspired Ropa Vieja
2. Chef's Line® All Natural Smoked Pork Butt
3. Chef's Line® Battered Ricotta and Mascarpone Filled Zucchini Blossoms
4. Cross Valley Farms® Hibiscus Infused Fruit Blend
5. del Pasado® Shredded Mexican-Style Three Cheese Blend
6. Devonshire® Cookie Butter Banana Pie
These products aim to save labor time, offer versatility, and cater to evolving diner preferences.
Imperial Dade, a leading North American distributor of foodservice packaging supplies, industrial products, and janitorial supplies, has appointed Fareed Khan as Chief Financial Officer, effective September 9, 2024. Khan brings over two decades of leadership experience, having previously served as CFO at JustFoodForDogs, Kellogg (NYSE: K), and US Foods. At Imperial Dade, Khan will oversee Accounting, Finance, Tax, Internal Audit, and Shared Services functions.
Khan's appointment is expected to strengthen Imperial Dade's financial strategies and support its continued growth. His experience in scaling distribution businesses and enhancing financial infrastructure aligns with the company's expansion goals. CEO Jason Tillis expressed enthusiasm about Khan's addition to the team, highlighting his strategic and financial acumen as key assets for driving Imperial Dade's robust growth.
US Foods Holding Corp. (NYSE: USFD) has announced an expanded partnership with Feeding America®, donating $750,000 to expand the innovative Direct to Neighbor locker project into seven additional communities by the end of 2024. This project allows community members facing food insecurity to place customized grocery orders online for pickup in convenient locations, offering a more dignified and accessible hunger-relief solution.
The donation, US Foods' largest single monetary contribution to date, builds on the company's commitment to hunger relief, following over $12 million in product donations to Feeding America food banks in 2023. The expansion will benefit food banks across Wisconsin, Florida, Oklahoma, South Carolina, Illinois, Ohio, and Florida, implementing refrigerated, frozen, and non-temperature-controlled lockers in community locations.
US Foods Holding Corp. (NYSE: USFD) has announced that its Chief Financial Officer, Dirk Locascio, will participate in a fireside chat at the Piper Sandler Growth Frontiers Conference in Nashville, Tennessee. The event is scheduled for Wednesday, September 11, at 10 a.m. CDT.
Interested parties can access a live audio webcast of the presentation through the Investor Relations page on the US Foods website. For those unable to attend or listen live, a replay of the webcast will be made available later on the same day.
This participation in the conference provides an opportunity for investors and analysts to gain insights into US Foods' financial strategies and growth prospects directly from the company's CFO.
US Foods Holding Corp. (NYSE: USFD) announced that 20 of its drivers have been inducted into the International Foodservice Distributors Association (IFDA) Truck Driver Hall of Fame for 2024. This prestigious honor recognizes drivers with exceptional safety records and long service in the foodservice industry. The inductees, with service ranging from 25 to 46 years, will be honored at the IFDA Distribution Solutions Conference in September 2024.
To be eligible, drivers must have at least 25 years of employment with an IFDA member company, no chargeable accidents, and no moving violations in the past five years. US Foods CEO Dave Flitman emphasized the company's commitment to safety and praised the drivers' dedication. Since 2018, IFDA has inducted 68 US Foods drivers into the Hall of Fame.
US Foods Holding Corp. (NYSE: USFD) has announced a $211 million repurchase of its common shares from Sachem Head Capital Management LP. The repurchase, at $52.28 per share, is part of the company's $1 billion share repurchase program authorized on June 1, 2024. After this transaction, approximately $691 million remains in the authorized fund.
CEO Dave Flitman expressed confidence in the company's strategy and ability to execute its long-range plan. US Foods aims to generate profitable growth, capture market share, and be more aggressive in buying back shares. Sachem Head's founder, Scott Ferguson, praised US Foods' progress and expressed confidence in its future growth.
Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) has announced a new collaboration with US Foods Holding Corp. (NYSE: USFD), integrating Lightspeed Restaurant technology into US Foods' CHECK Business Tools program. This partnership will make Lightspeed's advanced POS solutions available to thousands of restaurants and foodservice operators across the United States.
Key benefits for US Foods customers include exclusive offers on Lightspeed POS hardware, advanced insights to boost sales and improve customer service, and multi-location management capabilities. The collaboration aims to help restaurant operators streamline operations, increase profitability, and enhance customer experiences.
This partnership represents a significant milestone for Lightspeed, potentially expanding its reach in the U.S. restaurant industry and setting a new standard for dining technology solutions.
US Foods Holding Corp. (NYSE: USFD) reported strong Q2 FY2024 results, with net sales up 7.7% to $9.7 billion and gross profit increasing 7.2% to $1.7 billion. The company achieved record Adjusted EBITDA of $489 million and a record Adjusted EBITDA margin of 5.0%. Key highlights include:
- Net income increased 8.8% to $198 million
- Total case volume grew 5.2%, with independent restaurant case volume up 5.7%
- Diluted EPS rose 9.6% to $0.80; Adjusted Diluted EPS up 17.7% to $0.93
- Net leverage reduced to 2.6x
- $41 million in share repurchases
US Foods reiterated its FY2024 guidance, projecting net sales of $37.5-$38.5 billion and Adjusted EBITDA of $1.69-$1.74 billion. The company also outlined its 2025-2027 financial targets, aiming for 5% sales CAGR and 10% Adjusted EBITDA CAGR.
FAQ
What is the current stock price of Us Foods Hldg (USFD)?
What is the market cap of Us Foods Hldg (USFD)?
