Us Foods Hldg Corp Stock Price, News & Analysis

US Foods Holding Corp. (NYSE: USFD) will host a live conference call on May 11, 2023, at 9 a.m. CDT to discuss its first quarter 2023 results. Interested participants can join the call by dialing 877-344-2001 and using Conference ID 2528845. A replay will be available post-call. The conference call can also be accessed via webcast on the company's Investor Relations website, with presentation slides available shortly before the event. US Foods, headquartered in Rosemont, Ill., serves approximately 250,000 restaurants and foodservice operators, offering a wide array of food and technology solutions.

US Foods Holding Corp. (NYSE: USFD) is accepting applications for its 2023 US Foods Scholars program until May 10. Since its inception in 2017, the program has awarded over $1.3 million in scholarships to 67 students, focusing on fostering diversity in the culinary field. This year, 18 scholarships of $20,000 each will be awarded to students in nine markets, covering education-related expenses. The application process evaluates academic performance and financial need, aiming to support the next generation of culinary professionals.

US Foods Holding Corp. (NYSE: USFD) has appointed Andrew Iacobucci as Senior Executive Vice President, Field Operations, and Chief Commercial Officer, effective immediately. In this role, he will oversee local sales, commercial excellence, merchandising, and more, reporting directly to CEO Dave Flitman. Iacobucci, who joined US Foods in 2017, previously served as Chief Transition Officer and Interim CEO. He expressed enthusiasm for his new responsibilities and aims to build on the company's strong trajectory. US Foods collaborates with approximately 250,000 restaurants and foodservice operators, providing innovative food offerings and comprehensive business solutions.

US Foods has launched its Spring 2023 Scoop™, themed "Stand Out from the Crowd," featuring 20 innovative menu items. These new offerings aim to help foodservice operators refresh their menus with unique twists on classic favorites and globally influenced flavors. According to Stacey Kinkaid, 76% of diners are seeking the next food trend, motivating this launch. The products are designed to save at least 30 minutes of labor per case compared to traditional preparations. Key highlights include Chef’s Line® All-Natural Pollo Asado and Harbor Banks® Hard Cider Battered Shrimp, appealing to diverse consumer tastes.

US Foods Holding Corp. (NYSE: USFD) announced that CFO Dirk Locascio will participate in a fireside chat at the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on Tuesday, March 14, at 9:45 a.m. PDT (11:45 a.m. CDT). Media and investors can access a live audio webcast on 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 in the U.S., partnering with approximately 250,000 restaurants and foodservice operators. The company, headquartered in Rosemont, Ill., offers a broad range of food products and innovative business solutions.

US Foods Holding Corp. (NYSE: USFD) reported robust fourth quarter and fiscal year 2022 results, showcasing a 15.5% increase in net sales to $34.1 billion and a 33.6% growth in adjusted EBITDA, reaching $1.31 billion. The fourth quarter net sales reached $8.5 billion, up 11.5% year-over-year. The company benefited from a 5.8% rise in independent restaurant case volume, despite a 5.8% decline in chain volume. Operating expenses rose 15.8% to $4.9 billion, primarily due to higher labor costs. The company's net debt decreased to $4.6 billion, with a leverage ratio of 3.5x. For 2023, US Foods provided an adjusted EBITDA guidance of $1.45-$1.51 billion.