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) is set to host a live conference call and webcast on August 8, 2024, at 8 a.m. CDT to discuss its second quarter 2024 financial results. Interested parties can access the call by dialing 877-344-2001 and providing the ID 2528845. Participants are advised to dial in 10 minutes before the start time. A replay of the call will be available, and the webcast can be accessed through US Foods' Investor Relations website. Presentation slides will be available in the Events & Presentations section of the site before the webcast starts. The webcast archive will be accessible from 12 p.m. CDT on the same day.
US Foods (NYSE: USFD) announced a $250,000 partnership with the Military Family Advisory Network (MFAN) to combat food insecurity affecting over 25% of active-duty military families. This initiative, part of US Foods' 'Helping Communities Make It' program, will support MFAN's Pantry Restock Box and Fresh Funds stipends programs. These programs aim to provide essential groceries and financial assistance to military families, especially those relocating frequently. The collaboration also includes supporting MFAN's Solutions Summit, which seeks actionable solutions for military and veteran communities.
US Foods Holding Corp. (NYSE: USFD) held its 2024 Investor Day, revealing its financial targets for 2025-2027. CEO Dave Flitman highlighted the company's commitment to shareholder value, supported by a $1 billion share repurchase program. The event included presentations and Q&A sessions with the executive team. US Foods aims for net sales of $43.0-$45.0 billion, adjusted EBITDA of $2.2-$2.3 billion, and adjusted diluted EPS of $5.20-$5.70 by fiscal 2027. For fiscal 2024, the company reaffirmed its guidance with net sales of $37.5-$38.5 billion, adjusted EBITDA of $1.69-$1.74 billion, and adjusted diluted EPS of $3.00-$3.20. The company is also exploring strategic alternatives for its CHEF’STORE retail business.
US Foods has released its 2023 Sustainability Report, detailing progress across three strategic areas: Products, People, and Planet. The company has expanded its range of sustainable products, now offering over 4,200 differentiated products. It introduced the US Foods Serve You™ and Climate-Conscious categories to emphasize well-being and environmental benefits. The company also enhanced workplace diversity, exceeding its 2023 goals, and boosted spending with diverse suppliers by 13% and small businesses by 44% since 2020. Environmental initiatives resulted in a 6% reduction in Scope 1 and 2 emissions since 2019 and the deployment of 100 alternative fuel vehicles. US Foods continues to advance its sustainability efforts by collaborating with stakeholders.
US Foods Holding Corp. (NYSE: USFD) reported strong first quarter fiscal year 2024 earnings, with a 4.8% growth in net sales to $8.9 billion and a 4.9% increase in gross profit to $1.5 billion. The company also saw a 6% rise in adjusted EBITDA to $356 million and reaffirmed its fiscal year 2024 guidance. US Foods closed on the acquisition of IWC Food Service, expanding its presence in Tennessee. The company remains focused on strategic initiatives to enhance profitability and capture market share.
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