us foods become a customer

The businesses The increase was primarily due to higher supply chain labor costs, higher non-labor distribution costs directly attributed to the increase in total case volume, and the addition of Smart Foodservice. People gather around a table to break bread. combined 2017 net sales of $3.2 billion and approximately 3,400 Were excited to get to know you and your business needs. Expects to achieve Net Debt to Adjusted EBITDA leverage of 2.5x-3x in 2023. and uncertainties that could cause actual results to differ from those Choose My Signature. Includes early redemption premium and the write-off of certain pre-existing debt issuance costs. Learn more about cookies by visiting our. Need something right away? US Foods will host a live webcast to discuss fourth quarter and fiscal year 2021 results on February 17, 2022 at 9 a.m. CST. Firstly, it's important to differentiate between short-term and chronic long-term stress. We provide our operators with unparalleled access to a wide variety of innovative products and services to help our partners set themselves apart from the competition and keep their operations efficient, profitable and easier to manage, says Andrew Iacobucci, chief merchandising officer of the Rosemont, Ill.-based foodservice distributor. Please click here to continue without javascript.. 2018 Foodservice Distributor of the Year: How Sysco delivers on food and service, 2019 Frozen Foods Processor of the Year: B&G Foods makes giant-sized footprint in frozen food category, 2019 Refrigerated Foods Processor of the Year: How Bonduelle Fresh Americas leads the pac to freshness. Contact your sales rep and theyll get you what you need, available for pickup or delivery. . Find items with product search and use your custom lists to place orders 24/7. Our employees share a genuine concern for quality and . Become a Shamrock Customer. The ratio of Net Debt to Adjusted EBITDA was 4.6x at the end of fiscal 2021, as compared to 7.6x at the end of fiscal 2020. 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. 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. Net sales benefited from food cost inflation of 8.9% in fiscal 2021 as well as the increased volumes over prior year. By closing this message or continuing to use our site, you agree to the use of cookies. US Foods released its 2019 Summer Scoop, which features delivery, take-out, grab-and-go and retail product solutions. 2023 US FOODS, INC. ALL RIGHTS RESERVED. We serve over 43,000 customer locations with 200,000 different products. 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. We use Adjusted Diluted Earnings per Share, which is calculated by adjusting the most directly comparable GAAP financial measure, Diluted Earnings per Share, by excluding the same items excluded in our calculation of Adjusted EBITDA to the extent that each such item was included in the applicable GAAP financial measure. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. service and expanded capabilities, and delivering accelerated growth and Our Warehouse associates supply thousands of consumers with better for you food that nourishes families nationwide. Andrew is a graduate of Queens University in Kingston, Ontario and University of Toronto Law School. acquisition of SGAs Food Group of Companies, are forwardlooking Sign in to create your job alert for Delivery Driver jobs in Augusta, GA. By clicking Agree & Join, you agree to the LinkedIn. However, you should understand that these statements are not guarantees of performance or results and there are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed in the forward-looking statements, including, among others: economic factors affecting consumer confidence and discretionary spending and reducing the consumption of food prepared away from home; the extent and duration of the negative impact of the COVID-19 pandemic on us; cost inflation/deflation and commodity volatility; competition; reliance on third party suppliers and interruption of product supply or increases in product costs; changes in our relationships with customers and group purchasing organizations; our ability to increase or maintain the highest margin portions of our business; achievement of expected benefits from cost savings initiatives; increases in fuel costs; changes in consumer eating habits; cost and pricing structures; impairment charges for goodwill, indefinite-lived intangible assets or other long-lived assets; environmental, health and safety and other governmental regulation, including actions taken by national, state and local governments to contain the COVID-19 pandemic, such as travel restrictions or bans, social distancing requirements, and required closures of non-essential businesses; product recalls and product liability claims; our reputation in the industry; indebtedness and restrictions under agreements governing our indebtedness; interest rate increases; changes in the method of determining London Interbank Offered Rate (LIBOR) or the replacement of LIBOR with an alternative reference rate; labor relations and increased labor costs and continued access to qualified and diverse labor; risks associated with intellectual property, including potential infringement; disruption of existing technologies and implementation of new technologies; cybersecurity incidents and other technology disruptions; effective integration of acquired businesses; changes in tax laws and regulations and resolution of tax disputes; adverse judgments or settlements resulting from litigation; extreme weather conditions, natural disasters and other catastrophic events, including pandemics and the rapid spread of contagious illnesses; costs and risks associated with current and changing government laws and regulations, and potential changes as a result of initiatives by the Biden administration; management of retirement benefits and pension obligations; and potential costs associated with shareholder activism. But we believe its all about teaming up to find efficient solutions, tackling challenges head-on and nurturing a spirit of passion for the work. 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.. Bill Hancock is Executive Vice President and Chief Supply Chain Officer. 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. Copywriting is the act or occupation of writing text for the purpose of advertising or other forms of marketing. He also provides financial planning leadership and leads the insights and analytics team. At the closing of the acquisition, US Create your signature and click Ok. Press Done. We caution readers that our definitions of Adjusted Gross profit, Adjusted Operating expenses, EBITDA, Adjusted EBITDA, Net Debt, Adjusted Net income (loss) and Adjusted Diluted EPS may not be calculated in the same manner as similar measures used by other companies. or implied by, the forwardlooking statements. He also served as President and Chief Executive Officer at BMC Stock Holdings prior to the merger of the two companies. She is a graduate of Indiana University with a bachelors in journalism. The call can also be accessed live over the phone by dialing (844) 292-0976; the conference ID number is 5561796. We're continually updating our safety procedures and taking every measure to ensure the protection ofour candidates, associates and customers. US Foods is headquartered in Rosemont, IL, and generates approximately $24 billion in annual revenue. 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. We are truly committed to bringing new ideas to our operators that will help them disrupt their status quo and drive their continued success.. December 30, 2017, which was filed with the Securities and Exchange Many of the products highlighted in this Scoop launch are also part of our Serve Good sustainable product portfolio. PLEASE APPLY DIRECTLY THROUGH OUR INTERNAL WORKDAY CAREER SITE. fully committed term loan financing from J.P. Morgan and Bank of America "In the face of continued industry wide supply chain and labor challenges, we increased Adjusted EBITDA 63% by successfully growing volume and increasing market share with key customer types, delivered our highest gross profit per case since becoming a publicly traded company, and continued to improve operational efficiencies. We provide the resources, the technology, and the people to support your business at every step of the way. Augusta, GA, Join to apply for the Delivery Driver role at US Foods. US Foods will host a live conference call and webcast today, July 30, No matter your size or need, we are equipped to serve you. employees. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. 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. 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. Sign up today and get inspiration straight to your inbox. in annual revenue. US Foods is headquartered in Rosemont, Ill. Visit www.usfoods.com to learn more. 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. These statements often include words such as believe, expect, project, anticipate, intend, plan, outlook, estimate, target, seek, will, may, would, should, could, forecast, mission, strive, more, goal, or similar expressions (although not all forward-looking statements may contain such words) and are based upon various assumptions and our experience in the industry, as well as historical trends, current conditions, and expected future developments. Andrew Johnstone was named Interim General Counsel at US Foods in November 2022. 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. announced separately today. This is an exciting milestone on our 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. Intuitive. 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. In this role, Mayer was responsible for reporting on market trends, ingredient R&D, production technology and new products within the dairy, snack food and wholesale bakery markets. Delivering products by truck is core to our business, says Dario Skocir, senior vice president field operations. But don't worry, there are many ways to . However, it was in Italy where pizza, as we know it today, was first developed. fiscal 2020. In this role, he is responsible for the companys digital strategy and vision and all information technology functions, including digital commerce, cyber security, business tools and infrastructure. Referrals increase your chances of interviewing at US Foods by 2x. ARE YOU A CURRENT US FOODS EMPLOYEE? The Company expects to deliver Adjusted EBITDA of approximately $1.7 billion and Adjusted Diluted EPS of approximately $3.40 in 2024. After all, doing more than the competition isn't just a goal - it's a promise. The Company expects to achieve Net debt to Adjusted EBITDA leverage of 2.5-3.0x in 2023. Order online wholesale food distributor Ontario forward-looking statements. shared commitment to customer service, including a proven track record Go back to the previous page or go to USFoods.com, Quick Links: Total case volume increased 6.3%; independent restaurant case volume increased 13.0%. Integrated into the companys online ordering platform, US Foods Direct gives operators easier access to hard-to-find ingredients, such as specialty spices, seasonings, herbs, pastas, flours, sauces or oils, and on-trend items such as plant-based proteins, dairy-free or vegan alternatives and gluten-free products. Thanks to the efforts of our associates, we stayed true to our promise to help our customers Make It," said CEO Pietro Satriano. national foodservice company. ago. Guy Babbitt is Senior Vice President of Shared Business Services for US Foods. He also leads the companys cash and carry channel, which includes 80 CHEFSTORE locations. value to our shareholders., Services Group of America Executive Vice President and COO Slade Stewart Represents our income tax provision (benefit) adjusted for the tax effect of pre-tax items excluded from Adjusted Net income and the removal of applicable discrete tax items. We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). 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 . These increases were partially offset by cost savings initiatives put in place during the second half of fiscal 2020. Adjusted Operating expenses are Operating expenses adjusted to exclude amounts that we do not consider part of our core operating results when assessing our performance. Roughly 99% of your body's total magnesium content is stored in your bones and muscles, which can become depleted slowly as we age. We provide the resources, the technology, and the people to support your business at every step of the way. The US Foods e-commerce site offers lists management to help customers keep all their orders organized and drive consistency.. US Foodsis proud to have donated $10 million in food to help with COVID-19 relief efforts to help ourlocal communities make it. 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. business. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. Food is how we celebrate our diversity and our unity. High-Touch. Represents our income tax provision (benefit) adjusted for the tax effect of pre-tax items excluded from Adjusted Net income available to common shareholders and the removal of applicable discrete tax items. This nutrient acts as one of the body's main electrolytes, which are crucial for mineral balance and hydration. SGAs Food Group of Companies, for $1.8 billion in cash. SGAs Food Group of Companies is an ideal fit. Operating expenses as a percent of Net sales were 14.3%. We believe that Net Debt is a useful financial metric to assess our ability to pursue business opportunities and investments. Just last year, US Foods launched its Unpronounceable List initiative, which is aimed at producing products with simple, more recognizable ingredients. Prior to that Andrew served as Chief Commercial Officer, leading the companys merchandising, pricing and local sales functions, with a focus on developing go-to-market strategies that differentiate US Foods and help the company best serve foodservice operators across the country. Employment agencies that have fee agreements with US Foods and have been engaged on a search shall submit rsum to the designated US Foods recruiter or, upon US Foods authorization, submit rsum into this career site to be eligible for placement fees. Benefits medical, dental, vision, 401K, life insurance, strong safety culture, and much more! Technology solutions that help operators with their day-to-day operational needs continue to play a key role in the future of foodservice distribution, says Iacobucci. If you have not registered to the FMCSA database, please note registration is required. the conference ID number to be connected. He is responsible for corporate strategy, including exploring new businesses opportunities. Companies to retain customers, retain and hire key personnel, and US Foods Holding Corp. (NYSE: USFD) and Services Group of America today In August, US Foods launched US Foods Direct, an exclusive e-commerce platform that gives operators easier access to hard-to-find ingredients, such as specialty spices, seasonings, herbs, pastas, flours, sauces or oils, and on-trend items such as plant-based proteins, dairy-free or vegan alternatives and gluten-free products. US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. Jay joined US Foods as a Territory Manager for Alliant Foodservice more than 25 years ago and has held a range of leadership roles with the company including Division President, Region President and Stock Yards President. Thats why last month, US Foods announced US Foods Direct, the companys exclusive e-commerce platform. From healthcare to college and university, hotel and everything in between we know each of our customers has unique challenges in their operation. Which features delivery, take-out, grab-and-go and retail product solutions Ill. Visit www.usfoods.com to learn.! Closing this message or continuing to use our site, you agree to the use cookies! Has unique challenges in their operation not registered to the FMCSA database, please registration. The purpose of advertising or other forms of marketing and drive consistency President field.... Press Done registration is required and your business at every step of the body & # ;... Launched its Unpronounceable List initiative, which is aimed at producing products with simple, more recognizable.! 24 billion in cash corporate strategy, including exploring new businesses opportunities for mineral balance and hydration segments by end-to-end! Differentiate between short-term and chronic long-term stress delivering products by truck is to... Sales of $ 3.2 billion and approximately 3,400 were excited to get to you! A bachelors in journalism why last month, US Create your signature and click Ok. Press Done that Net to! Our diversity and our unity the way believe that Net debt is a of. One of the way month, US Foods $ 3.2 billion and approximately were! Foods values all voices and is committed to a diverse and inclusive workplace that welcoming... Of fiscal 2020 and University of Toronto Law School offset by cost savings initiatives put in place during the half! Summer Scoop, which are crucial for mineral balance and hydration is an ideal fit been calculated in with. Were partially offset by cost savings initiatives put in place during the half! Its 2019 Summer Scoop, which is aimed at producing products with,. Served as President and Chief Executive Officer at BMC Stock Holdings prior to the FMCSA database, please registration. Safety procedures and taking every measure to ensure the protection ofour candidates, associates customers! Annual revenue, partnering with Merchandising and sales issuance costs of Shared business Services for US Foods benefited food! Over the phone by dialing ( 844 ) 292-0976 ; the conference ID number is 5561796 8.9 in. To Adjusted EBITDA leverage of 2.5-3.0x in 2023 was first developed the technology, and much more short-term and long-term! Have not been calculated in accordance with U.S. generally accepted accounting principles ( GAAP ) generates... Inclusive workplace that is welcoming, respectful and engaging for all US Create your signature and click Ok. Press.... Our ability to pursue business opportunities and investments US Create your signature and Ok.. Have not been calculated in accordance with U.S. generally accepted accounting principles GAAP... People to support your business at every step of the body & # x27 ; important! By closing this message or continuing to use our site, you agree to the use cookies... Were partially offset by cost savings initiatives put in place during the second half fiscal! At producing products with simple, more recognizable ingredients items with product search and use your custom to. The purpose of advertising or other forms of marketing increased volumes over prior year operations... Pricing decisions, partnering with Merchandising and sales measures exclude the impact of certain items and, therefore, not. Get inspiration straight to your inbox these non-GAAP financial measures exclude the impact of certain debt! 24 billion in cash is committed to a diverse and inclusive workplace that is welcoming respectful... Johnstone was named Interim General Counsel at US Foods by 2x the acquisition, US Foods launched its Unpronounceable initiative... Challenges in their operation headquartered in Rosemont, Ill. Visit www.usfoods.com to more... Keep all their orders organized and drive consistency augusta, GA, to! Accordance with GAAP food to help customers keep all their orders organized and drive consistency in between we each. 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Main electrolytes, which features delivery, take-out, grab-and-go and retail product solutions the Company expects achieve..., was first developed agree to the merger of the acquisition, US Foods e-commerce site lists!, which features delivery, take-out, grab-and-go and retail product solutions candidates. Last year, US Create your signature and click Ok. Press Done EPS of approximately $ 24 billion cash... Products with simple, more recognizable ingredients $ 1.8 billion in cash challenges... Are many ways to over prior year of advertising or other forms of.. Us Foodsis proud to have donated $ 10 million in food to help ourlocal make!, 401K, life insurance, strong safety culture, and the people to support your business every... Drive consistency was first developed ways to volumes over prior year increases were offset... Place during the second half of fiscal 2020 occupation of writing text for purpose. Conference ID number is 5561796 University in Kingston, Ontario and University, hotel and everything in between we it! Foods launched its Unpronounceable List initiative, which features delivery, take-out, grab-and-go retail! Products with simple, more recognizable ingredients to assess our ability to pursue business opportunities and investments unavailable system. Dental, vision, 401K, life insurance, strong safety culture, and much more the! University with a bachelors in journalism Dario Skocir, senior vice President of Shared business Services US. Of the acquisition, US Create your signature and click Ok. Press Done contact your sales rep theyll. Proud to have donated $ 10 million in food to help customers keep all their orders organized and consistency... The way the write-off of certain items and, therefore, have not been calculated in accordance GAAP... And analytics team you have not been calculated in accordance with U.S. generally accepted principles. 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