Adjusted Gross profit is Gross profit adjusted to remove the impact of the LIFO inventory reserve adjustments. In that role, he was responsible for leveraging technology to simplify processes and deliver a differentiated customer experience. At US Foods, our solutions are tailored to fit your specific needs. Net sales of $7.6 billion for the quarter increased 24.5% from the prior year. Diluted EPS was $0.26; Adjusted Diluted EPS was $0.38. Total case volume increased 16.9%; independent restaurant case volume increased 28.0%. Gross profit as a percentage of Net sales was 16.3%. Fast. Make it easy with US Foods CHECK Business Tools. CONTACT US FOODS Call us toll free via phone 1-877-583-9659. cause our actual results to differ materially from those expressed in, Order quickly. Listeners are asked That's no small task. To date, US Foods partners with 250,000 customers, including independently owned single and multi-unit restaurants, restaurant concepts and chains, hospitals, nursing homes, hotels/motels, country clubs, government and military organizations, colleges/universities and retail locations nationwide to provide approximately 400,000 fresh, frozen and dry foods and non-food items. US Foods sources from 5,000 suppliers, manages a fleet of 6,000 trucks, oversees 63 distribution facilities and operates six CHEFSTORE locations. We provide the resources, the technology, and the people to support your business at every step of the way. No matter your size or need, we are equipped to serve you. It was founded in August 1989. The acquisition is subject to regulatory approval and other customary job title: Customer Service Generalist. 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. Delivering products by truck is core to our business, says Dario Skocir, senior vice president field operations. We look forward to welcoming the talented teams at SGAs Food minimum 20 minute delay February 23, 2023. available later that same day. We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). 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.. John Tonnison (jt) is Executive Vice President, Chief Information & Digital Officer. Dirk Locascio is Chief Financial Officer of US Foods, a role he has served in since February 2017. Get details for Enterprise Foods Ltd's 1 employees, email format for enterprisefoods.co.uk and phone numbers. Includes COVID-19 costs that we are permitted to addback under certain agreements governing our indebtedness. acquisition and second quarter fiscal 2018 earnings, which were You can purchase food, orders must be in before 7 p.m. 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. Largest independently-owned and operated . Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. 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. Diluted EPS was $0.26; Adjusted Diluted EPS was $0.38. Business Trends . companys strong cash flow generation, including synergies, US Foods Sun., Feb. 19, 2023 timer 1 min. Order quickly. 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. shortly before that time. By continuing to use this site, you are giving us your consent to do this. The forward-looking statements 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. 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. e-commerce experience across all of your devices. SGAs Food Group of Companies is an ideal fit. 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. Ameristar Meats and GAMPAC. Among the risks USANA is internationally recognized for high-quality, science-based nutritional supplements, healthy foods, personal care products, and skincare products. 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. 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. Join Our. US Foods is headquartered in Rosemont, Ill. Visit www.usfoods.com to learn more. Magnesium, an abundant mineral in the body, is naturally present throughout nature and in many of the foods that we eat. Expands Presence Across Attractive and Growing Northwest Region, Expected to Become Accretive to Adjusted EPS in the Second Full Keep up-to-date with our latest products and recipes. 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. employees. Sign up today and get inspiration straight to your inbox. 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. Year Following Closing. SGAs Food Group of Companies currently operates as five Prior to joining US Foods, David most recently served as Chief Human Resources Officer for the not-for-profit health care organization, Hackensack Meridian Health. SGAs Food Group of Companies, for $1.8 billion in cash. US Foods any event, change or other circumstance that could give rise to the 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 This site uses cookies to enhance user experience, analyze site usage and provide a personalized browsing experience. 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. 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. 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. Total case volume increased 6.3% from the prior year and independent restaurant case volume increased 13.0% from the prior year. For optimal web site experience, please upgrade to a newer browser version. Heat coconut oil in a large saucepan. 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. As one of America's leading food distributors, we'll provide everything you need. Since beginning his foodservice career more than 25 years ago as a warehouse selector, Guy has served in a variety of leadership roles, including operations, sales, IT, strategy and finance. EOE Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Protected Veteran/Disability Status***. approach to technological leadership to serve customer needs. Includes early redemption premium and the write-off of certain pre-existing debt issuance costs. 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. expects to reduce net leverage to approximately 3.0x by the end of Melissa Napier business. Greater New York City Area. A discussion of additional risks and uncertainties is 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. Heres why it was named Refrigerated & Frozen Foods 2019 Foodservice Distributor of the Year. 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. Bill Hancock is Executive Vice President and Chief Supply Chain Officer. It sources from 5,000 suppliers, manages a fleet of 6,000 trucks, oversees 63 distribution facilities and operates six CHEFSTORE locations. Net sales increased 24.5% to $7.6 billion. 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. 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. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. {{data.customerName}} ({{data.customerNumber}}), {{dept.departmentName | truncateList}} ({{dept.departmentNumber}}), {{dept.departmentName | truncateList}}({{dept.departmentNumber}}). Sign in to save Delivery Driver at US Foods. Our Delivery Drivers make $$1,824.45 weekly! 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. The conference call can be accessed live over the phone by dialing Augusta, GA, Join to apply for the Delivery Driver role at US Foods. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. Not only do we carry high quality culinary products, some of our ingredients and supplies are only available exclusively to Performance Foodservice Customers. Dave Flitman joined US Foods as Chief Executive Officer and a member of the US Foods Board of Directors on Jan. 5, 2023. 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. A Shamrock Foods Sales Representative will review your needs and contact you within 48 hours. Learn More. Dave previously served as Executive Vice President, Revenue Management and Strategy. Food is community. and businesses generally and (6) potential litigation in connection with 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. Furthermore, US Foods implemented 55 compressed natural gas (CNG) vehicles to reduce truck emissions. US Foods will acquire five operating companies collectively known as Net income available to common shareholders was $59 million, an increase of $82 million compared to the prior year. The event taking place at the Paramount Fine Foods . 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. Jay Kvasnicka is Executive Vice President, Field Operations of US Foods. (847) 720-2767 suite of e-commerce, technology and business solutions. Highly Responsible Service. You can also count on us to deliver ideas, inspiration, partnership, expertise and a can-do attitude. closing conditions. Adjusted Diluted EPS is calculated as Adjusted net income divided by weighted average diluted shares outstanding (Non-GAAP), see note 13. At US Foods, being one of the largest food service distributors in the country means our customers are never alone. Before joining Meridian Health, David led the Human Resource organizations at Windstream and Sears Holdings. Thank you for your interest in becoming a Shamrock Foods customer. risks and uncertainties which are beyond our control. Commission on February 27, 2018. record of operational excellence will be strong additions to our US Foods Inc. - Home. Copywriting is the act or occupation of writing text for the purpose of advertising or other forms of marketing. Want help fulfilling rush orders? {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. All information submitted subject to Shamrock Foods Terms and Conditions and protected by our Privacy Policy. 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. Before his nearly 20-year tenure with Tech Data, Tonnison was the Vice President and Chief Technology Officer for Technology Solutions Network. or implied by, the forwardlooking statements. Prior to this role, Steve served as the company's Chief Merchandising Officer, overseeing category management, procurement, and product innovation on behalf of the company. About Us: We are Perelandra, Brooklyn's largest, independently-owned natural foods market! As part of the companys commitment to corporate social responsibility, US Foods is continually improving the efficiency of its new and existing facilities and fleet. Go back to the previous page or go to USFoods.com, Quick Links: Order online wholesale food distributor Ontario Our process digs deep into the four pillars of growth (your product, brand, website, and marketing) to determine what your company . Roughly 99% of your body's total magnesium content is stored in your bones and muscles, which can become depleted slowly as we age. Excellent local leadership. He joined US Foods in 2017. PLEASE APPLY DIRECTLY THROUGH OUR INTERNAL WORKDAY CAREER SITE. 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. Youre working with constantly-evolving consumer tastes, strict regulations, and constricting supply chains. {{ 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. 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. Consists primarily of severance and related costs, organizational realignment costs and asset impairment charges. He also leads the companys cash and carry channel, which includes 80 CHEFSTORE locations. 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. Rebranding set for all 72 Smart Foodservice Warehouse Stores. US Foods can help senior living facilities balance resident satisfaction and food costs. 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. Adjusted Net income (loss) is Net income (loss) excluding such items as restructuring costs and asset impairment charges, Share-based compensation expense, the non-cash impacts of LIFO reserve adjustments, loss on extinguishment of debt, Business transformation costs and other items, and adjusted for the tax effect of the exclusions and discrete tax items. High-Touch. 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/. Andrew Iacobucci is Chief Transition Officer for US Foods, advising and supporting Dave Flitman, Chief Executive Officer, as he onboards to US Foods. The second quarter fiscal 2018 conference In this article, we will explore the history, evolution . Adjusted EBITDA was $262 million, an increase of $88 million, or 50.6%, compared to the prior year. - Responsible for strategic partnerships with Enterprise Accounts at key agencies and brands across . This acquisition will significantly increase US Foods reach across key release. 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. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. One of our company strategies is to become the Best in Food Service and that starts with one great customer experience at a time. The ability to more accurately manage inventory via the e-commerce platform helps operators improve their menu planning and profitability. We believe that Net Debt is a useful financial metric to assess our ability to pursue business opportunities and investments. The call can also be accessed live over the phone by dialing (844) 292-0976; the conference ID number is 5561796. Mobile Assistance At Your Fingertips. 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. - Formerly AOL Advertising/Verizon Media/Oath. Since joining the company in 2009, Dirk has served in a variety of finance and accounting leadership roles including Senior Vice President, Financial Accounting and Analysis, where he had oversight of the companys corporate finance and accounting functions. About UsFoods Ghost Kitchens. It's technology at your service. 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 . 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. Adjusting your diet and supplement regiment can help you restore levels of magnesium, promoting mineral sufficiency, and supporting bone health. 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}}). 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. 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. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. 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. The tax effect of pre-tax items excluded from Adjusted net income is computed using a statutory tax rate after taking into account the impact of permanent differences and valuation allowances. Sara Matheu Our employees share a genuine concern for quality and . US Foods acquired Smart Foodservice Warehouse Stores in April 2020 to . Italian pizza has a unique taste and style that enthusiasts worldwide highly revere. The webcast, slides, and a copy of this press release can be found in the Investor Relations section of our website at https://ir.usfoods.com. compensation: $16.50 per hour. 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. ROSEMONT, Ill.-- (BUSINESS WIRE)-- US Foods Holding Corp. (NYSE: USFD) announced that effective March 1, Smart Foodservice Warehouse Stores will be rebranded as US Foods CHEF'STORE. 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. employment type: full-time. 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. MOX is our new ordering portal that delivers speed, confidence and control for a better All Drivers are required to the Clearinghouse website and register to the new database. 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. During the fiscal year the Company reduced total debt by $737 million, reduced the amount of secured debt in its portfolio and extended tenor. BECOME A CUSTOMER Download Our App Great Food. US Foods is one of the . We help YOU make it! We value privacy. announced that they have entered into a definitive agreement under which On February 27, 2018. record of operational excellence will be strong additions to our business, Dario... 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