We value integrity, reliability and customer relationship skills on our team. Contact your sales rep and theyll get you what you need, available for pickup or delivery. Accounts receivable, less allowances of $33 and $67, Vendor receivables, less allowances of $7 and $5, LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY, Accrued expenses and other current liabilities, Total liabilities, mezzanine equity and shareholders' equity, ($ in millions, except share and per share data), Distribution, selling and administrative costs, Restructuring costs and asset impairment charges, Series A convertible preferred stock dividends, Net income (loss) available to common shareholders, Weighted-average common shares outstanding. Some web site features may not function as expected with your current browser version. Listeners are asked We Help You Make It. Place an Order Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. US Foods Holding Corp. (NYSE: USFD),one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2021. Buehler's Fresh Foods is an employee-owned chain of 13 grocery stores located in northeast Ohio. and uncertainties that could cause actual results to differ from those If not, they can usually 1-2 day it to the store then to you. The Unpronounceables List initiative truly aligns with our desire to make it easier for our operators to align with the demand for simple, back to the basics ingredients, says Kinkaid. its existing liquidity resources. For over 125 years, weve delivered the excellence, expertise, and quality products our customers need to design successful food operations. Its truly a one-stop shop for distinctive ingredients that will set our operators menu apart from the competition and help them save time and resources, says Iacobucci. We are using data and analytics to merchandise and prevent order entry errors, and we use analytics to remind customers the products they frequently purchase that were left off their order. 844-292-0976; the conference ID number is 7567095. Adjusted Gross profit is Gross profit adjusted to remove the impact of the LIFO inventory reserve adjustments. I am confident that our foundation of efficient and reliable customer service, differentiated solutions, and unique omni-channel experience, supported by a robust plan of targeted initiatives to deliver significant Adjusted EBITDA growth through 2024 and beyond, will drive meaningful value creation for our shareholders.. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information, Lightning-fast interface, reliable data and tools that give you control, Find the products you need and place orders on the go, Track your order, no matter what it is from pizza dough to pickles, Work across all desktop, tablet and mobile devices. Our goal is to make getting what you need easy. fully committed term loan financing from J.P. Morgan and Bank of America Presentation slides will be available shortly before the webcast begins. With 69 broadline locations and 80 cash and carry stores, US Foods and its 28,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. Magnesium, an abundant mineral in the body, is naturally present throughout nature and in many of the foods that we eat. Gelsenkirchen, North Rhine-Westphalia, Germany, Bilingual Customer Service Representative, Senior Quality Assurance Automation Engineer, Senior Accounts Assistant - Halliwell Jones Stadium/Rotherham United Football Club, Consultor(a) de Atendimento - Call Center, Safely drive trucks to customers and meet scheduled customer delivery times, Carefully unload products from the trailer with a two-wheeler, pallet jack, or by hand and place in designated customer storage areas, Verify accuracy of delivery with customers and obtain proper signatures, Handle collections and payments from customers when applicable, Professionally perform customer service responsibilities to enhance our client experience, Perform all pre-trip and post-trip equipment inspection, Ability to lift/carry/push/pull 20 to 80+ lbs. Sign up today and get inspiration straight to your inbox. combined 2017 net sales of $3.2 billion and approximately 3,400 Net income available to common shareholders was $121 million, an increase of $375 million compared to the prior year. This site uses cookies to enhance user experience, analyze site usage and provide a personalized browsing experience. Keep up-to-date with our latest products and recipes. Share-based compensation expense for expected vesting of stock awards and employee stock purchase plan. Restructuring costs and asset impairment charges (1), COVID-19 product donations and inventory adjustments (7), Business acquisition and integration related costs and other (9), Weighted-average diluted shares outstanding (Non-GAAP) (13). Choose My Signature. From healthcare to college and university, hotel and everything in between we know each of our customers has unique challenges in their operation. Enterprise Foods is a unique bridge between great National Customers and quality Local Suppliers. employees. Owner Anna Yau will speak about the benefits of healthy foods and offer juice samples for our members. (847) 720-2767 Adjusted Gross profit was $1.3 billion, a 21.6% increase from the prior year, primarily driven by an increase in total case volume, pricing optimization, and product cost inflation. Want help fulfilling rush orders? Sara.Matheu@usfoods.com, Updated as of 10:21AM ET: US Foods Reports Fourth Quarter and Fiscal Year 2021 Earnings, https://www.businesswire.com/news/home/20220216006316/en/. Culinary Consulting and Nutrition Resources. EBITDA and Adjusted EBITDA are also used in connection with certain covenants and restricted activities under the agreements governing our indebtedness. contained in this press release speak only as of the date of this The Company also expects cash capital expenditures of $280-$300 million, while fleet capital leases are expected to be an additional ~ $110 million. Greater New York City Area. The Clearinghouse is a secure online database that provides real-time information about commercial drivers license (CDL) and commercial learners permit (CLP) holders drug and alcohol program violations. risks and uncertainties which are beyond our control. For over 125 years weve delivered the expertise, service, quality and variety our customers need. If you have not registered to the FMCSA database, please note registration is required. Matheu, 847-720-2392Sara.Matheu@usfoods.comorSGA Adjusted Diluted EPS is calculated as Adjusted net income divided by weighted average diluted shares outstanding (Non-GAAP), see note 11. A1 Cash & Carry restaurant wholesaler & wholesale distributor specializing in B2B wholesale of commercial kitchen supplies, food packaging, cleaning supplies, meat, seafood supplier, takeout containers wholesale, fruits, vegetables, spices, frozen foods, beverages. approximately 40% of its net sales base, and employs a forward-thinking Adjusted Operating expenses for the quarter were $1.0 billion, an increase of $137 million, or 15.8% from the prior year, primarily due to higher labor and distribution costs discussed above, which were partially offset by cost savings initiatives put in place during the second half of fiscal 2020. Menu Design. Food is community. Starting in late 2012, Dave was Senior Executive Vice President at Nalco until it was acquired by Ecolab where he served as Executive Vice President and President, Water and Process Services. The second quarter fiscal 2018 conference For purposes of the Adjusted Diluted EPS calculation (Non-GAAP), when the Company has net income (GAAP), weighted average diluted shares outstanding (Non-GAAP) is used and assumes conversion of the Series A convertible preferred stock, and, when the Company has net loss (GAAP) and assumed conversion of the Series A convertible preferred stock would be antidilutive, weighted-average diluted shares outstanding (GAAP) is used. Adjusted EBITDA increased 50.6% to $262 million. Order online wholesale food distributor Ontario For optimal web site experience, please upgrade to a newer browser version. . Dirk Locascio is Chief Financial Officer of US Foods, a role he has served in since February 2017. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. Prior to joining Ahold, he spent 10 years at Loblaw Companies Limited, a leading Canadian food retailer, where he served in several senior roles including president of the companys discount supermarket business. This acquisition will significantly increase US Foods reach across key With a son, Josh, serving as a U.S. Army CAV Scout, Dave is passionate about serving members and veterans of the U.S. military forces and other charitable causes. Join our team and immediately become part of the largest distributor of conventional, natural, organic and specialty products in the United States and Canada. Jay previously served as Executive Vice President, Locally Managed Sales and also served as interim Chief Supply Chain Officer from October 2019 to February 2021. Diluted EPS was $0.26; Adjusted Diluted EPS was $0.38. Adjusted Operating expenses were $3.8 billion, an increase of $622 million, or 19.6% from the prior year, primarily due to the higher labor and distribution costs and the addition of Smart Foodservice, as discussed above, which were partially offset by cost savings initiatives put in place during the second half of fiscal 2020. We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). Highly Responsible Service. Headquartered in Scottsdale, Arizona, SGAs Food Group of Companies has To help our customers make it in this challenging time, were providing robust support, including webinars, one-on-one consults with our experts and detailed reopening materials. Lets talk about how. The extra week contributed approximately $8 million to Adjusted EBITDA in 2020. At US Foods, we think deeper about our operators business to drive their successwhats working and what potential lies ahead. subject to risks, uncertainties and other important factors that could We value privacy. The product, called copy or sales copy, is written content that aims to increase brand awareness and ultimately persuade a person or group to take a particular action.. Copywriters help create billboards, brochures, catalogs, jingle lyrics, magazine and newspaper advertisements . In this role, he has P&L responsibility for the companys largest customers, including health care and hospitality as well as regional and national chains. Terms of Access: Privacy Policy US Foods . Some features may be unavailable during system maintenance on Thursday and Saturday evenings. Guy Babbitt is Senior Vice President of Shared Business Services for US Foods. Organic financial results exclude contributions from Smart Foodservice through April 23, 2021. Cloud State University. Dave previously served as Executive Vice President, Revenue Management and Strategy. Whatever you need, we're here 24/7. to please dial in 10 minutes prior to the call start time and provide Co. LLC is acting as financial advisor to Services Group of America, and Furthermore, US Foods implemented 55 compressed natural gas (CNG) vehicles to reduce truck emissions. 1. Total organic case volume increased 14.8%; independent restaurant organic case volume increased 25.1%. Amazon.com, Inc. (/ m z n / AM--zon) is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands. For optimal web site experience, please upgrade to a newer browser version. any event, change or other circumstance that could give rise to the US Foods has built an e-commerce channel where three-quarters of our 250,000 customers order products online from our catalog of 350,000 products. We believe the presentation of Adjusted Diluted Earnings per Share is useful to investors because the measurement excludes amounts that we do not consider part of our core operating results when assessing our performance. Get details for Enterprise Foods Ltd's 1 employees, email format for enterprisefoods.co.uk and phone numbers. Net sales increased 24.5% to $7.6 billion. Independent restaurant case volume increased 28.0%, while organic independent restaurant case volume increased 25.1%. Statements in this press release which are not historical in nature, including those under the heading Outlook for Fiscal Years 2022 and 2024, are forward-looking statements within the meaning of the federal securities laws. Andrew Iacobucci is Chief Transition Officer for US Foods, advising and supporting Dave Flitman, Chief Executive Officer, as he onboards to US Foods. Urges Shareholders to Vote FOR ALL of US Foods Highly Qualified Directors on the WHITE Proxy Card Highlights Track Record of Earnings Growth, Long-Range Plan to Create Shareholder Value and Refreshed Board of Directors ROSEMONT, Ill., April 18, 2022 US Foods Holding Corp. (NYSE: USFD) (US Foods or the Company), one of the largest foodservice distributors in the United States, today sent a . benefits of the acquisition, including financial and operating results, US Foods is one of America's leading food distributors servicing restaurants, the healthcare industry, and more. 2023 US FOODS, INC. ALL RIGHTS RESERVED. Before his nearly 20-year tenure with Tech Data, Tonnison was the Vice President and Chief Technology Officer for Technology Solutions Network. US Foods will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. We have a team of experts to help you be your creative best. Come join us as we strive to become the Best in Food Service. The US Foods app helps you manage your kitchen at all times. December 30, 2017, which was filed with the Securities and Exchange But don't worry, there are many ways to . Andrew previously served as Chief Merchandising Officer. Prior to joining BNP Media, she served a five-year tenure as editor of quality control for Manufacturers' News, Inc., where she was named Manager of the Year in 2006. Adjusted Gross profit was $4.8 billion, a 27.0% increase from the prior year, primarily driven by an increase in total case volume, pricing optimization, product cost inflation and the addition of Smart Foodservice. We believe that Net Debt is a useful financial metric to assess our ability to pursue business opportunities and investments. Our suite of smart and simple tools can help you run your restaurant more efficiently with less effort. US Foods acquired Smart Foodservice Warehouse Stores in April 2020 to . Whether youre looking for the food and supplies that your customers demand or expert assistance in every aspect of your business, were here to help. By closing this message or continuing to use our site, you agree to the use of cookies. Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. - Formerly AOL Advertising/Verizon Media/Oath. minimum 20 minute delay February 23, 2023. Rebranding set for all 72 Smart Foodservice Warehouse Stores. We're continually updating our safety procedures and taking every measure to ensure the protection ofour candidates, associates and customers. Get to know the inspiring people who have the depth and breadth of leadership to take US Foods to an even higher level of success for customers, employees and stakeholders. Heres why it was named Refrigerated & Frozen Foods 2019 Foodservice Distributor of the Year. EOE Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Protected Veteran/Disability Status***. Definitions and reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures are included in the schedules attached to this press release. Get questions answered. Prior to joining the company, he worked for Sears Holdings Management Corp from 2013 - 2018 as head of litigation and employment and practiced law at Winston & Strawn LLP and Kirkland & Ellis LLP from 1998 - 2013, with a one-year break from 2002 - 2003 clerking for Judge Amy St. Eve during her first year on the bench in the Northern District of Illinois. Management uses these non-GAAP financial measures (a) to evaluate our historical and prospective financial performance as well as our performance relative to our competitors as they assist in highlighting trends, (b) to set internal sales targets and spending budgets, (c) to measure operational profitability and the accuracy of forecasting, (d) to assess financial discipline over operational expenditures, and (e) as an important factor in determining variable compensation for management and employees. We all know that stress is one of the leading contributing factors to both physical and mental illness. In addition to his previous experience as a director of Builders FirstSource and BMC Stock Holdings, Dave also has been a director since 2017 at Veritiv Corporation, a leading packaging distribution company, where he is currently a member of the Audit and Finance Committee and chair of the Compensation and Leadership Development Committee. announced separately today. The Company expects to deliver Adjusted EBITDA of approximately $1.7 billion and Adjusted Diluted EPS of approximately $3.40 in 2024. Smart Foodservice was acquired on April 24, 2020. Net sales benefited from food cost inflation of 8.9% in fiscal 2021 as well as the increased volumes over prior year. ROSEMONT, Ill. & SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Tell us about yourself and your business The fourth quarter of fiscal year 2021 included 13 weeks compared to 14 weeks for the fourth quarter of fiscal year 2020, and the full fiscal year 2021 included 52 weeks compared to 53 . All Rights Reserved BNP Media. Net sales increased 28.8% to $29.5 billion. are not anticipated, (3) risks that any of the closing conditions to the As one of America's leading food distributors, we'll provide everything you need. Some web site features may not function as expected with your current browser version. approach to technological leadership to serve customer needs. Ameristar Meats and GAMPAC. US Foods will host a live conference call and webcast today, July 30, The increase in case volume was primarily the result of restaurant traffic from lifting governmental in-person dining restrictions and increased leisure and business travel throughout the year. The business aspect of it is challenging, highly-regulated, and fast-paced. That's no small task. Before joining US Foods in 2015, Dave served as Vice President for Uline. Visit www.usfoods.com release. or implied by, the forwardlooking statements. A1 Cash & Carry restaurant wholesaler & wholesale distributor specializing in B2B wholesale of commercial kitchen supplies, food packaging, cleaning supplies, meat, seafood supplier, takeout containers wholesale, fruits, vegetables, spices, frozen foods, beverages. For US Foods, Great Food. Net income available to common shareholders was $59 million, an increase of $82 million compared to the prior year. Expects to achieve Net Debt to Adjusted EBITDA leverage of 2.5x-3x in 2023. Our employees share a genuine concern for quality and . {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. Use someone like GFS, Gordon Food Service. Become a Shamrock Customer. Need something right away? Marina Mayer was formerly Editor-in-Chief of Refrigerated & Frozen Foods. Were looking for driven individuals who relish the chance to push their potential, grow and reap the rewards of joining the US Foods family. Featured Products US Foods is one of the . ** Total case volume increased 16.9%; independent restaurant case volume increased 28.0%. acquisition of SGAs Food Group of Companies, are forwardlooking Join Our. US Foods is one of Americas great food companies and a leading the conference ID number to be connected. Your job seeking activity is only visible to you. Extended oil drain schedules reduce oil use and create less oil waste, and the utilization of lighter-weight oil in vehicles helps improve fuel economy. 2022 Shamrock Foods. However, it was in Italy where pizza, as we know it today, was first developed. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. US Foods is headquartered in Rosemont, IL, and generates approximately $24 billion in annual revenue. 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