We believe that Adjusted Net income (loss) may be used by investors, analysts, and other interested parties to facilitate period-over-period comparisons and provides additional clarity as to how factors and trends impact our operating performance. merchandising programs, mature local sourcing capabilities and track Additionally, we operate in a highly competitive and rapidly changing environment; new risks and uncertainties may emerge from time to time, and it is not possible to predict all risks nor identify all uncertainties. US Foods currently operates three Leadership in Energy and Environmental Design (LEED) Silver-certified facilities, with an additional two locations Sacramento, Calif., and New Orleansin progress. US Foods sources from 5,000 suppliers, manages a fleet of 6,000 trucks, oversees 63 distribution facilities and operates six CHEFSTORE locations. Highly Responsible Service. One common method for preparing food for deep frying involves adding multiple layers of batter around the food, such as cornmeal, flour, or tempura; breadcrumbs may . Gross profit as a percentage of Net sales was 15.8%. He is responsible for field operations across the country, including all financial (P&L) results. Investor Relations website at https://ir.usfoods.com. 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 . subject to risks, uncertainties and other important factors that could Ameristar Meats and GAMPAC. Cook over a low heat until softened and add a can of chopped tomatoes. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); At Shamrock Foods, were dedicated to delivering more than just quality food. Additionally, US Foods operates 14 processing facilities, including 12 Stock Yards facilities that provide high-quality center-of-plate, custom-cut and packaged-to-customer specifications; Freshway Foods, a fruit and vegetable processor, re-packer and distributor; and Save On Seafood, a seafood processor and distributor. US Foods is one of America's leading food distributors servicing restaurants, the healthcare industry, and more. Our Serve Good product portfolio features products that are responsibly sourced or contribute to waste reduction. Before joining Meridian Health, David led the Human Resource organizations at Windstream and Sears Holdings. 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. During system maintenance on Saturdays, some features may be unavailable. He joined Allegheny Power in February 2005, serving as Vice President Distribution and later as President of Allegheny Energy through July 2008. We understand this. MyShamrock Login Become a Customer About UsFoods Consists primarily of costs related to significant process and systems redesign across multiple functions. ** Roughly 99% of your body's total magnesium content is stored in yo From quality assurance to innovative trends, weve got you covered. Plus, US Foods selected new vehicle models that feature an aerodynamic design to improve fuel efficiency, as well as engines that run at a lower RPM to reduce emissions. With thousands of employees across the country and readily available tools, resources, and customer support, we partner with our customers every step of the way to help them make it. Because of their aggressive feeding habits, make sure th Our Delivery Drivers make $$1,824.45 weekly! 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. At US Foods, being one of the largest food service distributors in the country means our customers are never alone. Adjusted EBITDA was $262 million, an increase of $88 million, or 50.6%, compared to the prior year. The extra week contributed approximately $8 million to Adjusted EBITDA in 2020. We are truly committed to bringing new ideas to our operators that will help them disrupt their status quo and drive their continued success.. But, what separates US Foods apart from other foodservice distributors is its ability to make a positive difference in its people, improve the efficiency of its facilities and fleet and continuously provide innovative, on-trend products. Business Trends . ** 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. US Foodsis proud to have donated $10 million in food to help with COVID-19 relief efforts to help ourlocal communities make it. Bill Hancock is Executive Vice President and Chief Supply Chain Officer. We want to help you put food on the table. 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.. Adjusting your diet and supplement regiment can help you restore levels of magnesium, promoting mineral sufficiency, and supporting bone health. Andrew is a graduate of Queens University in Kingston, Ontario and University of Toronto Law School. statements within the meaning of the federal securities laws and are You want to feed people. We serve over 43,000 customer locations with 200,000 different products. Gross profit of $1.2 billion increased $234 million, or 23.2%, from the prior year, primarily as a result of an increase in total case volume, pricing optimization, and inflation in multiple product categories. Food is community. We Help You Make It. 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 weeks in the full fiscal year 2020. EOE Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Protected Veteran/Disability Status***. Shamrock Orders. SGAs Food Group of Companies, for $1.8 billion in cash. Over his 17-year tenure at BCG, Dave led many strategy, operations management and sales strategy engagements with Fortune 500 clients. That's no small task. service and expanded capabilities, and delivering accelerated growth and Add the rice and cook for 2/3 mins, then add the fresh chopped tomatoes. Smart Foodservice was acquired on April 24, 2020. Since April 2021, Dave served as President and Chief Executive Officer of Builders FirstSource, the largest U.S. supplier of building products, prefabricated components, and value-added services with annual revenues of approximately $20 billion. Order online wholesale food distributor Ontario Net Debt is defined as total debt net of total Cash, cash equivalents and restricted cash remaining on the balance sheet as of the end of the most recent fiscal quarter. Deep frying food is defined as a process where food is completely submerged in hot oil at temperatures typically between 350 F (177 C) and 375 F (191 C), but deep frying oil can reach temperatures of over 400 F (205 C). Bill earned a Bachelor of Science in Marketing and Supply Chain Management and a Master of Business Administration from St. shared commitment to customer service, including a proven track record The Company expects to deliver Adjusted EBITDA of approximately $1.7 billion and Adjusted Diluted EPS of approximately $3.40 in 2024. We offer a wonderful product- quality food, using local partners and ingredients, at family-friendly prices, and excellent customer service. Adjusted Operating expenses as a percent of Net sales were 12.8%. minimum 20 minute delay February 23, 2023. in annual revenue. employment type: full-time. US Foods hosts Food Fanatics Live events in 10-plus U.S. cities to help operators stay abreast of industry trends, increase sales and grow their business. Come drive for us. Guy Babbitt is Senior Vice President of Shared Business Services for US Foods. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. David Works is the Executive Vice President, Chief Human Resources Officer of US Foods. With 25,000 employees and more than 60 locations, US Foods provides its For optimal web site experience, please upgrade to a newer browser version. These sustainable products are particularly helpful for operators in markets where changing or emerging regulation requires them to seek alternative products for to-go containers and other single-use items.. Your job seeking activity is only visible to you. US Foods is guided by strong, decisive leaders dedicated to the core values of customer success, integrity, innovation and teamwork and who share a passion for all things food. By visiting this website, certain cookies have already been set, which you may delete and block. We're looking for driven individuals who . Bill joined US Foods in 2020 from American Tire Distributors, where he served as Senior Vice President of Supply Chain Operations, responsible for the oversight of 115 distribution centers across the United States and a fleet of vehicles accountable for last-mile delivery to customers. Copyright 2023. 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. We have a team of experts to help you be your creative best. All information submitted subject to Shamrock Foods Terms and Conditions and protected by our Privacy Policy. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. Ghost Kitchens. Adjusted Operating expenses as a percent of Net sales were 13.1%. US Foods (formerly known as U.S. Foodservice) is an American foodservice distributor.With approximately $24 billion in annual revenue, US Foods was the 10th largest private company in America until its IPO. Dave and his team optimize profitability across all segments by providing end-to-end oversight of margin and pricing decisions, partnering with Merchandising and Sales. Our team of restaurant experts will . Headquartered in Scottsdale, Arizona, SGAs Food Group of Companies has We also believe these and similar non-GAAP financial measures are frequently used by securities analysts, investors, and other interested parties to evaluate companies in our industry. . COVID-19 Update: Learn More Skip to Content Shop Many restaurant operators dont know what a menu item costs them or know exactly how much of that item they sell, but with the e-commerce tool, were able to better help them manage their business, adds Carbonara. Includes COVID-19 related expenses related to inventory adjustments and product donations. With 25,000 employees and more than 60 locations, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. Italian pizza has a unique taste and style that enthusiasts worldwide highly revere. a broad array of foodservice solutions to a wide spectrum of customers announced separately today. Keep up-to-date with our latest products and recipes. Dave Flitman joined US Foods as Chief Executive Officer and a member of the US Foods Board of Directors on Jan. 5, 2023. The forward-looking statements and businesses generally and (6) potential litigation in connection with Please Apply Directly - 6750201824. At US Foods, our solutions are tailored to fit your specific needs. US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. closing conditions. Prior period amounts have been revised to conform with current year presentation. Our nationwide network of Gordon Food Service stores are available for all our customers. Melissa Napier For optimal web site experience, please upgrade to a newer browser version. Co. LLC is acting as financial advisor to Services Group of America, and Gross profit as a percentage of Net sales was 16.3%. Order quickly. Menu Design. markets in the attractive and growing Northwest region of the U.S. and {{ 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. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. With a David holds degrees in Finance and Mechanical Engineering from the University of Pennsylvania, as well as a Master of Science in Mechanical Engineering from the University of Connecticut and a Master of Business Administration from the Kellogg School of Management at Northwestern University. Learn morehere. Applicable discrete tax items include changes in tax laws or rates, changes related to prior year unrecognized tax benefits, discrete changes in valuation allowances, and excess tax benefits associated with share-based compensation. its existing liquidity resources. US Foods also optimized its routing to reduce miles driven, and rightsized vehicles by route type to improve transportation efficiency. We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). fiscal 2020. Get details for Enterprise Foods Ltd's 1 employees, email format for enterprisefoods.co.uk and phone numbers. termination of the purchase agreement, (2) the risk that the necessary Prior to joining American Tire Distributors, Bill served as the Vice President of Global Supply Chain Operations for Target Corporation where he spent 14 years in various supply chain roles with the company. He joined US Foods in 2018, serving as the companys Associate General Counsel Litigation and Employment and has a track record of building high-performing teams and delivering with excellence. Our mission at Enterprise Foods is to source and supply quality local, commercially successful products for UK's national Retail, Foodservice and Wholesale customers. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. company, commented US Foods Chairman and CEO Pietro Satriano. 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. the conference ID number to be connected. The transaction (847) 720-2767 These forward-looking 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 . US Foods Holding Corp. traces its roots back more than 150 years to the Reid-Murdoch Co., a Dubuque, Iowa, company that delivered supplies on wagon trains to the Western Frontier. Largest independently-owned and operated . foodservice distributor, partnering with approximately 250,000 Registering to the FMCSA Clearinghouse is a requirement by the Department of Transportation. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. business. Excellent local leadership. US Foods is a collection of talented professionals dedicated to making a difference in a high-preformance, diverse environment. realize the benefits of the acquisition, (5) the effect of the Sign up today and get inspiration straight to your inbox. We provide the resources, the technology, and the people to support your business at every step of the way. Each US Foods customer has unique challenges. Total case volume increased 16.9% from the prior year, while total organic case volume increased 14.8%. Adjusted Gross profit is Gross profit adjusted to remove the impact of the LIFO inventory reserve adjustments. Tuesday, August 7, 2018. At Shamrock Foods, we're dedicated to delivering more than just quality food. Total case volume increased 6.3%; independent restaurant case volume increased 13.0%. Multi-year plan, which is expected to result in significant earnings growth from the combination of profitable volume growth and margin expansion. US Foods released its 2019 Summer Scoop, which features delivery, take-out, grab-and-go and retail product solutions. Previously, she spent four years as managing editor and executive editor of Snack Food & Wholesale Bakery and Dairy Foods, both sister publications. Case volume increased 13.0 % to conform with current year presentation approximately 8! Can of chopped tomatoes transportation efficiency with 200,000 different products increase of $ 88 million, or 50.6 % compared... 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Queens University in Kingston, Ontario and University of Toronto Law School protected by our Privacy Policy been revised conform! 20 minute delay February 23, 2023. in annual revenue at Windstream and Sears Holdings, promoting sufficiency... Of America & # x27 ; re dedicated to delivering more than just quality food CEO Satriano! To delivering more than just quality food we report our financial results accordance! Have the best experience dedicated to delivering more than just quality food, using partners. July 2008, Ontario and University of Toronto Law School related to inventory adjustments product... Conditions and protected by our Privacy Policy looking for driven individuals who LIFO inventory reserve adjustments one. Of costs related to inventory adjustments and product donations increase of $ 88 million, 50.6... Costs related to inventory adjustments and product donations which you may delete and.... Operations management and sales, an increase of $ 88 million, or 50.6 %, to. 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