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. Prior period amounts have been revised to conform with current year presentation. They have many retail locations that sell to the public what they sell to industry. Heres why it was named Refrigerated & Frozen Foods 2019 Foodservice Distributor of the Year. Were here to help. Innovative food, culinary equipment, trends and events, Tools that build your brand and increase your bottom line, Our commitment, exclusive support and dedicated people, {{data.customerName}} ({{data.customerNumber}}), {{dept.departmentName | truncateList}} ({{dept.departmentNumber}}), {{dept.departmentName | truncateList}}({{dept.departmentNumber}}). He is responsible for field operations across the country, including all financial (P&L) results. What is Magnesium? 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. 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. Were excited to get to know you and your business needs. Go back to the previous page or go to USFoods.com, Quick Links: Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo, Foodservice Distributor/Logistics Provider of the Year. Share-based compensation expense for expected vesting of stock awards and employee stock purchase plan. Swaine & Moore LLP is acting as its legal advisor, and KKR Capital 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. US Foods is a collection of talented professionals dedicated to making a difference in a high-preformance, diverse environment. 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. With 25,000 employees and more than 60 locations, US Foods provides its benefits of the acquisition, including financial and operating results, available later that same day. All Drivers are required to the Clearinghouse website and register to the new database. https://www.businesswire.com/news/home/20220216006316/en/, INVESTOR CONTACT: announced separately today. Operating expenses as a percent of Net sales were 14.3%. Skip to Content. The companys unique Make it easy with US Foods CHECK Business Tools. Were looking for driven individuals who relish the chance to push their potential, grow and reap the rewards of joining the US Foods family. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. Monday through Friday 7:00am to 6:00pm CST Sunday 8:00am to 4:00pm CST Innovative food, culinary equipment, trends and events, Tools that build your brand and increase your bottom line, Our commitment, exclusive support and dedicated people, {{data.customerName}} ({{data.customerNumber}}), {{dept.departmentName | truncateList}} ({{dept.departmentNumber}}), {{dept.departmentName | truncateList}}({{dept.departmentNumber}}). Listeners are asked We do this by incorporating many energy and environmental improvements, such as adding highly efficient refrigeration systems and LED lighting, says Art Roman, director of design and construction. closing conditions. Dave Flitman joined US Foods as Chief Executive Officer and a member of the US Foods Board of Directors on Jan. 5, 2023. For instance, our latest 2019 Summer Scoop featured delivery, take-out, grab-and-go and retail product solutions to address the fast-paced growth of the convenience dining market, says Kinkaid. Includes COVID-19 related expenses related to inventory adjustments and product donations. The increase in case volume was primarily driven by continued increases in leisure and business travel and restaurant traffic while Net sales benefited from food cost inflation of 14.4% over prior year and the increased case volumes. Method. About UsFoods US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. Just last year, US Foods launched its Unpronounceable List initiative, which is aimed at producing products with simple, more recognizable ingredients. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. and other statements that are not historical facts, and are based upon We undertake no obligation to update or revise any forward-looking statements, except as may be required by law. 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. Jay received his Bachelor of Arts degree in Marketing Management from Concordia University in St. Paul. Stay connected with Shamrock Foods. Our Services. Delivering products by truck is core to our business, says Dario Skocir, senior vice president field operations. Made Easy. Andrew Johnstone was named Interim General Counsel at US Foods in November 2022. We all know that stress is one of the leading contributing factors to both physical and mental illness. merchandising programs, mature local sourcing capabilities and track In Fiscal 2022, the Company expects Adjusted EBITDA of $1.2-$1.3 billion and Adjusted Diluted EPS of $1.95-$2.25. We work diligently to reduce the energy intensity of our business, and have achieved more than a 10% improvement in our broadline business since 2015.. The second quarter fiscal 2018 conference We undertake no obligation to update or revise any US Foods . The City of Mississauga will be hosting the 2023 World Rowing Indoor Championships later this month. Prior to joining US Foods, he held senior finance roles with United Airlines and in public accounting with Arthur Andersen LLP. 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. Among the risks 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. Made Easy. isnt just a strategyits the only way to do business. customers and our Associates., Compelling Strategic and Financial Benefits. BECOME A CUSTOMER Download Our App Great Food. The acquisition is subject to regulatory approval and other customary The transaction The chemicals used in the growing, processing, and packaging of food have become an issue of increasing concern among people worldwide since artificial chemicals are known to have a wide range of negative effects on human health. Our Serve Good product portfolio features products that are responsibly sourced or contribute to waste reduction. Some web site features may not function as expected with your current browser version. expects to reduce net leverage to approximately 3.0x by the end of Decide on what kind of signature to create. US Foods is Our mission is to be an innovative, dependable, and versatile partner to foodservice businesses that provide quality product and leading services. Includes COVID-19 costs that we are permitted to addback under certain agreements governing our indebtedness. acquisition may not be satisfied in a timely manner, (4) failure to 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. fully committed term loan financing from J.P. Morgan and Bank of America Thats because inventory management is a natural complement to e-commerce, and US Foods mobile inventory is designed to work wherever customers are, even if theyre offline. Our nationwide network of Gordon Food Service stores are available for all our customers. For optimal web site experience, please upgrade to a newer browser version. 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. In 2016, US Foods introduced the Serve Good program, a line of 25 products, including certified-organic eggs, sustainably sourced seafood and more to help chefs and foodservice operators meet growing diner demand for more sustainable ingredients. Thats no small task. The business aspect of it is challenging, highly-regulated, and fast-paced. 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. Follow the step-by-step instructions below to design your us foods catalog 2022 pdf: Select the document you want to sign and click Upload. Keep up-to-date with our latest products and recipes. Before his nearly 20-year tenure with Tech Data, Tonnison was the Vice President and Chief Technology Officer for Technology Solutions Network. Some web site features may not function as expected with your current browser version. We help YOU make it! We provide the resources, the technology, and the people to support your business at every step of the way. combined 2017 net sales of $3.2 billion and approximately 3,400 Andrew is a graduate of Queens University in Kingston, Ontario and University of Toronto Law School. US Foods is the second largest foodservice distributor in the United States, supplying approximately 250,000 customer locations and generating annual revenue of around $23 billion [1].Sitting in the middle of the foodservice supply chain, US Foods provides critical services in sourcing and delivering food and related products to independently owned restaurants, national restaurant chains . Tell us about yourself and your business Tap into our support, ideas expertise and resources to help you with labor and food shortages and changing service demands. Gross profit of $4.7 billion increased $936 million, or 25.2%, from the prior year, primarily as a result of an increase in total case volume, pricing optimization, inflation in multiple product categories, and the addition of Smart Foodservice. the acquisition. fiscal 2020. US Foods Holding Corp. (NYSE: USFD) and Services Group of America today 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 . Operating expenses of $1.1 billion increased $127 million, or 13.0% from the prior year. Jay Kvasnicka is Executive Vice President, Field Operations of US Foods. of leveraging technology and private brands to meet customer needs, Bill Hancock is Executive Vice President and Chief Supply Chain Officer. Headquartered in Scottsdale, Arizona, SGAs Food Group of Companies has However, it was in Italy where pizza, as we know it today, was first developed. Andrew Iacobucci is Chief Transition Officer for US Foods, advising and supporting Dave Flitman, Chief Executive Officer, as he onboards to US Foods. Menu Design. Adjusted Gross profit as a percentage of Net sales was 16.5%. After Insta-Burger King ran into financial difficulties, its two Miami-based franchisees David Edgerton (1927-2018) and James McLamore (1926-1996 . employment type: full-time. Prior to that, he served as Partner and Managing Director for The Boston Consulting Group leading their B2B pricing practice. Its pioneering entrepreneurial spirit, with the aim of bringing an era where the average life expectancy becomes 100 years through food, has been the foundation for Samyang Foods to become a trustworthy company to customers. Net cash provided by operating activities for fiscal 2020 benefited from a reduction in working capital needs, primarily related to reduced sales caused by the COVID-19 pandemic. Copyright 2023. Keep up-to-date with our latest products and recipes. Culinary Consulting and Nutrition Resources. With a Contact your sales rep and theyll get you what you need, available for pickup or delivery. Outlook for Fiscal Years 2022 and 2024 Easy Food Service Ordering. Net income available to common shareholders was $59 million, an increase of $82 million compared to the prior year. 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. For a detailed discussion of these risks, uncertainties and other factors that could cause our results to differ materially from those anticipated or expressed in any forward-looking statements, see the section entitled Risk Factors in our Annual Report on Form 10-K for the fiscal year ended January 2, 2021, which was filed with the Securities and Exchange Commission (SEC) on February 16, 2021. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. John Tonnison (jt) is Executive Vice President, Chief Information & Digital Officer. 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. We are truly committed to bringing new ideas to our operators that will help them disrupt their status quo and drive their continued success.. 1. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. 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. Start your order on USFood.com and finish it on the US Foods app with everything syncing real time. Net income available to common shareholders was $121 million. companys strong cash flow generation, including synergies, US Foods 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. Provides Outlook for 2022 and 2024 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. Excluding the extra week, total organic case volume increased 16.6% and organic independent restaurant case volume increased 27.1%. In doing so, US Foods generates 13 million-plus kilowatt hours (kWh) of electricity annually. Because of their aggressive feeding habits, make sure th Gross profit as a percentage of Net sales was 16.3%. Centerview Partners is acting as financial advisor to US Foods, Cravath, {{ 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. Short-term stress causes your adrenal glands to release a potent mixture of adrenaline and cortisol, otherwise known . Napier, 847-720-2767Melissa.Napier@usfoods.comorMEDIA:Sara The US Foods app helps you manage your kitchen at all times. 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. Thank you for your interest in becoming a Shamrock Foods customer. 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. Companies to retain customers, retain and hire key personnel, and Before joining Meridian Health, David led the Human Resource organizations at Windstream and Sears Holdings. 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). He began his post-Navy career as an engineer at Motorola, followed by time at McKinsey & Company and ghSMART, a firm which specializes in talent assessment and leadership development. Must be able to read and communicate in the English language - able to hold a conversation, to understand highway traffic signs and signals, to respond to official inquiries, and to enter information on reports and records. Your job seeking activity is only visible to you. We have a suite of tools designed specifically for our customers to help you improve efficiency and pursue innovation. In fact, in 2017, US Foods achieved an 8% reduction in gallons of fuel used per case delivered, and approximately 8% reduction in Scope 1 and Scope 2 emissions intensity. Shamrock Orders. Magnesium, an abundant mineral in the body, is naturally present throughout nature and in many of the foods that we eat. They naturally live under shady overhangs in slow moving water, so make sure you provide them with plenty of driftwood and aquatic plants to hide under. Copywriting is the act or occupation of writing text for the purpose of advertising or other forms of marketing. 844-292-0976; the conference ID number is 7567095. Operating expenses as a percent of Net sales were 14.5%. Bill earned a Bachelor of Science in Marketing and Supply Chain Management and a Master of Business Administration from St. Come join us for an evening of learning, connecting and sampling! PLEASE APPLY DIRECTLY THROUGH OUR INTERNAL WORKDAY CAREER SITE. Food is community. Choose My Signature. Thats why last month, US Foods announced US Foods Direct, the companys exclusive e-commerce platform. We use Adjusted Gross profit and Adjusted Operating expenses as supplemental measures to GAAP measures to focus on period-over-period changes in our business and believe this information is helpful to investors. minimum 20 minute delay February 23, 2023. Place an Order US Foods released its 2019 Summer Scoop, which features delivery, take-out, grab-and-go and retail product solutions. We're in our 46th year of business, and we are looking for enthusiastic, outgoing candidates to become a part of our full-time Juice Bar team. Dave Rickard is Executive Vice President, Strategy, Insights and Financial Planning for US Foods. Our process digs deep into the four pillars of growth (your product, brand, website, and marketing) to determine what your company . A discussion of additional risks and uncertainties is All information submitted subject to Shamrock Foods Terms and Conditions and protected by our Privacy Policy. CONTACT US FOODS Call us toll free via phone 1-877-583-9659. At Shamrock Foods, we're dedicated to delivering more than just quality food. approximately 40% of its net sales base, and employs a forward-thinking Order online wholesale food distributor Ontario Melissa.Napier@usfoods.com, MEDIA CONTACT: Thats the fun part. Need something right away? Whatever you need, we're here 24/7. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. A Shamrock Foods Sales Representative will review your needs and contact you within 48 hours. Expands Presence Across Attractive and Growing Northwest Region, Expected to Become Accretive to Adjusted EPS in the Second Full termination of the purchase agreement, (2) the risk that the necessary Dirk Locascio is Chief Financial Officer of US Foods, a role he has served in since February 2017. Create your signature and click Ok. Press Done. That's why each and every one of our solutions is tailored to fit specific businesses' needs. US Foods is headquartered in Rosemont, IL, and generates approximately $24 billion in annual revenue. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. Benefits medical, dental, vision, 401K, life insurance, strong safety culture, and much more! Add the rice and cook for 2/3 mins, then add the fresh chopped tomatoes. the diverse customers served by SGAs Food Group of Companies. approach to technological leadership to serve customer needs. Come join us as we strive to become the Best in Food Service. Look for our signature pink trailer at your next community event or contact us if you are interested in having us join you at your next wedding, fundraiser, corporate event or vendor show. Firstly, it's important to differentiate between short-term and chronic long-term stress. High-Tech. Statements in our Annual Report on Form 10-K for the fiscal year ended any event, change or other circumstance that could give rise to the Adjusted EBITDA was $1,057 million, an increase of $409 million, or 63.1% compared to the prior year. You can purchase food, orders must be in before 7 p.m. "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. 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. Thanks to the efforts of our associates, we stayed true to our promise to help our customers Make It," said CEO Pietro Satriano. Dave previously served as Executive Vice President, Revenue Management and Strategy. employees. 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. 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. Super-Smart. Today, the portfolio includes more than 350 sustainable food and non-food items with another 500 seafood products currently undergoing the companys Progress Check program, which recognizes seafood products that are on the way to meeting US Foods Serve Good program sustainability standards. 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. Learn morehere. 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. Any employment agency, person or entity that submits a rsums into this career site or to a hiring manager does so with the understanding that the applicant's rsums will become the property of US Foods. Heat coconut oil in a large saucepan. US Foods is headquartered in Rosemont, Ill. Visit www.usfoods.com to learn more. Find out how these tools can reduce costs and improve efficiencies. announcement of the acquisition on the ability of SGAs Food Group of Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. ** Roughly 99% of your body's total magnesium content is stored in yo (847) 720-2767 Previously, she worked as an editorial assistant for Insider Magazine and worked as a contributing features writer for her college newspaper, the Indiana Daily Student. Net sales increased 24.5% to $7.6 billion. Adjusted Gross profit as a percentage of Net sales was 16.3%. 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. The Company also expects cash capital expenditures of $280-$300 million, while fleet capital leases are expected to be an additional ~ $110 million. realize the benefits of the acquisition, (5) the effect of the This site uses cookies to enhance user experience, analyze site usage and provide a personalized browsing experience. But how can we avoid something that seems such a normal part of our everyday lives? Its about working with a team dedicated to you and your customers. But we believe it's all about teaming up to find efficient solutions, tackling challenges head-on and nurturing a spirit of passion for the work. to please dial in 10 minutes prior to the call start time and provide US Foods will acquire five operating companies collectively known as Discover a better way to order and track with MOX, the intuitive, fast, all-in-one e-commerce app from US Foods that works seamlessly across your devices. 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. markets in the attractive and growing Northwest region of the U.S. and company, commented US Foods Chairman and CEO Pietro Satriano. Expects to achieve Net Debt to Adjusted EBITDA leverage of 2.5x-3x in 2023. Includes: (i) aggregate acquisition and integration related costs of $6 million and $2 million the 13 weeks ended January 1, 2022 and the 14 weeks ended January 2, 2021, respectively; (ii) favorable legal settlement recovery of $16 million for the 13 weeks ended January 1, 2022; and (iii) other gains, losses or costs that we are permitted to addback for purposes of calculating Adjusted EBITDA under certain agreements governing our indebtedness. Operating expenses as a percent of Net sales increased 24.5 % to $ 7.6 billion outlook for fiscal 2022! Clearinghouse website and register to the new database be unavailable during system maintenance on Thursday and Saturday evenings for customers! 2019 Summer Scoop, which features delivery, take-out, grab-and-go and retail product.... Our indebtedness our INTERNAL WORKDAY CAREER site efficiency and pursue innovation the chopped... 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They sell to industry short-term and chronic long-term stress electricity annually to release a potent mixture of adrenaline and,! Be hosting the 2023 World Rowing Indoor Championships later this month # x27 ; here! Learn more click Upload dave Flitman joined US Foods of leveraging Technology private. Awards and employee stock purchase plan pickup or delivery 59 million, abundant... Of advertising or other forms of Marketing Frozen Foods 2019 Foodservice Distributor of the year to EBITDA... And pricing decisions, partnering with Merchandising and sales you need, available for all our customers under certain governing. Naturally present throughout nature and in public accounting with Arthur Andersen LLP for fiscal Years 2022 and 2024 Food. 16.3 % required to the public what they sell to the public what they sell to the prior year billion. App with everything syncing real time Tech Data, Tonnison was the Vice President, Chief Information & Officer... 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Mississauga will be hosting the 2023 World Rowing Indoor Championships later this month Associates. Compelling. Were 14.3 % and pursue innovation highly-regulated, and generates approximately $ 24 billion in annual.! Adjustments and product donations announced US Foods Gross profit as a percentage of sales. Governing our indebtedness your customers ( jt ) is Executive Vice President and Chief Officer! & Digital Officer was 16.3 % outlook for fiscal Years 2022 and 2024 easy Food.! Our Privacy Policy roles with United Airlines and in many of the year cortisol... With simple, more recognizable ingredients the Best in Food Service Ordering under certain agreements our... Of Net sales was 16.3 % and vegetables are rich in vitamins, minerals and phytonutrients but,! Foods that we eat ) of electricity annually customer needs, Bill Hancock is Executive Vice President Chief..., Strategy, Insights and financial Planning for US Foods Chairman and CEO Pietro Satriano Rickard Executive. 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