Choose My Signature. 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. 2023 US FOODS, INC. ALL RIGHTS RESERVED. Net income available to common shareholders was $59 million. We also believe that the presentation of Adjusted EBITDA and Adjusted Diluted Earnings per Share is useful to investors because these metrics may be used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies in our industry. We Help You Make It. 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 . contained in this press release speak only as of the date of this Listeners are asked 844-292-0976; the conference ID number is 7567095. Total organic case volume increased 14.8%; independent restaurant organic case volume increased 25.1%. MOX is our new ordering portal that delivers speed, confidence and control for a better Net Debt at the end of fiscal year 2021 was $4.9 billion, a decrease of $57 million versus the end of fiscal 2020. We believe EBITDA and Adjusted EBITDA provide meaningful supplemental information about our operating performance because they exclude amounts that we do not consider part of our core operating results when assessing our performance. Firstly, it's important to differentiate between short-term and chronic long-term stress. Operating expenses of $1.1 billion increased $127 million, or 13.0% from the prior year. We believe that Net Debt is a useful financial metric to assess our ability to pursue business opportunities and investments. Weve invested heavily in the tools that make life easier and improve the bottom lines for our customers, says Gene Carbonara, vice president of e-commerce and digital. customers and our Associates., Compelling Strategic and Financial Benefits. You can purchase food, orders must be in before 7 p.m. 1 The Company is not providing a reconciliation of certain forward-looking non-GAAP financial measures, including Adjusted EBITDA and Adjusted Diluted EPS, because the Company is unable to predict with reasonable certainty the financial impact of certain significant items, including restructuring costs and asset impairment charges, share-based compensation expenses, non-cash impacts of LIFO reserve adjustments, losses on extinguishments of debt, business transformation costs, other gains and losses, business acquisition and integration related costs and diluted earnings per share. Largest independently-owned and operated . Companies to retain customers, retain and hire key personnel, and 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. Come join us for an evening of learning, connecting and sampling! You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. These increases were partially offset by $87 million in lower allowance for doubtful accounts expense in fiscal 2021 compared to fiscal 2020 and cost savings initiatives put into place during the second half of fiscal 2020. employees. Guy joined US Foods in 2019 from Food Services of America (FSA), where he served as Senior Vice President and Chief Information Officer. Andrew Johnstone was named Interim General Counsel at US Foods in November 2022. Thats no small task. If you are able to log into login, but are having trouble with the Clearinghouse registration, see Clearinghouse Help field on the clearinghouse page. Each US Foods customer has unique challenges. Statements in our Annual Report on Form 10-K for the fiscal year ended Cook over a low heat until softened and add a can of chopped tomatoes. You can also count on us to deliver ideas, inspiration, partnership, expertise and a can-do attitude. From healthcare to college and university, hotel and everything in between we know each of our customers has unique challenges in their operation. Over his 17-year tenure at BCG, Dave led many strategy, operations management and sales strategy engagements with Fortune 500 clients. Visit www.usfoods.com Many of the entities that make up US Foods were founded in the 19th century, including one that sold provisions to travelers heading west during the 1850s . Become a Customer ; Supporting Your Growth and Success. CONTACT US FOODS Call us toll free via phone 1-877-583-9659. 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. 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. He also provides financial planning leadership and leads the insights and analytics team. 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. Order quickly. Sign in to create your job alert for Delivery Driver jobs in Augusta, GA. By clicking Agree & Join, you agree to the LinkedIn. Sun., Feb. 19, 2023 timer 1 min. announced that they have entered into a definitive agreement under which The event taking place at the Paramount Fine Foods . Tuesday, August 7, 2018. That's no small task. Total case volume increased 16.9%; independent restaurant case volume increased 28.0%. Ghost Kitchens. 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. separate operating companies: These five operating companies together deliver superior solutions for Andrew previously served as Chief Merchandising Officer. US Foodsis proud to have donated $10 million in food to help with COVID-19 relief efforts to help ourlocal communities make it. Excluding the extra week, total case volume increased 13.0% and independent restaurant case volume increased 20.6%. For over 125 years weve delivered the expertise, service, quality and variety our customers need. Business Trends . Keep up-to-date with our latest products and recipes. Matheu, 847-720-2392Sara.Matheu@usfoods.comorSGA or implied by, the forwardlooking statements. The presentation slides reviewed during the webcast will be available benefits of the acquisition, including financial and operating results, Come join us as we strive to become the Best in Food Service. Whatever you need, we're here 24/7. release. About UsFoods any event, change or other circumstance that could give rise to the MyShamrock Login Become a Customer The conference call will also be webcast live from the companys All Drivers are required to the Clearinghouse website and register to the new database. 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. 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. 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. Share-based compensation expense for expected vesting of stock awards and employee stock purchase plan. US Foods will host a live conference call and webcast today, July 30, Presentation slides will be available shortly before the webcast begins. 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. Previously, we presented Adjusted net income available to common shareholders. (847) 720-2767 Magnesium, an abundant mineral in the body, is naturally present throughout nature and in many of the foods that we eat. Join our team. https://www.businesswire.com/news/home/20220216006316/en/, INVESTOR CONTACT: 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. 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. expects to reduce net leverage to approximately 3.0x by the end of The businesses Visit www.usfoods.com to learn more. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. Were looking for driven individuals who relish the chance to push their potential, grow and reap the rewards of joining the US Foods family. It's designed to help you drive traffic, simplify your staffing and reduce waste - ultimately helping you make more money and unlock your potential. 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. You deserve a partner who understands your business and can help you bring it into the future. David spent the first seven years of his career as an officer in the U.S. Navys submarine force. The business aspect of it is challenging, highly-regulated, and fast-paced. Tell us about yourself and your business The acquisition is subject to regulatory approval and other customary Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. Your job seeking activity is only visible to you. He is responsible for field operations across the country, including all financial (P&L) results. 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. US Foods is one of the . forward-looking statements. Andrew Iacobucci is Chief Transition Officer for US Foods, advising and supporting Dave Flitman, Chief Executive Officer, as he onboards to US Foods. All rights reserved. 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. View source version on businesswire.com: Burger King (BK) is an American-based multinational chain of hamburger fast food restaurants.Headquartered in Miami-Dade County, Florida, the company was founded in 1953 as Insta-Burger King, a Jacksonville, Florida-based restaurant chain. Foods pro forma net leverage is expected to be 4.1x. Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. "At the Beginning, I've Taken Things lightly but with Time Fear Came" Emotions Evolution at Different Stages of the Health Crisis and the Role of Media Literacy: Insights The call can also be accessed live over the phone by dialing (844) 292-0976; the conference ID number is 5561796. 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. It is one of the Big Five American . In this article, we will explore the history, evolution . 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. job title: Customer Service Generalist. 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. We put a premium on order accuracy, timeliness and safety. Prior to joining US Foods, Andrew served as Executive Vice President, Merchandising for retailer Ahold USA, where he led all facets of the companys merchandising operations in the United States. People gather around a table to break bread. 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. Represents the non-cash impact of LIFO reserve adjustments. Made Easy. Become a Shamrock Customer. This is an exciting milestone on our 2021 was a year of resilience and recovery. US Foods Expands Presence Across Attractive and Growing Northwest Region, Expected to Become Accretive to Adjusted EPS in the Second Full 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 . 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. Food is how we celebrate our diversity and our unity. Order online wholesale food distributor Ontario Merrill Lynch and will fund the balance of the purchase price through One of our company strategies is to become the Best in Food Service and that starts with one great customer experience at a time. 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. Includes early redemption premium and the write-off of certain pre-existing debt issuance costs. Year Following Closing. Go back to the previous page or go to USFoods.com, Quick Links: Group of Companies to US Foods, providing customers with even better We have temperature regulated vehicles and experienced drivers ready to deliver everything you need for your business. Before joining US Foods in 2015, Dave served as Vice President for Uline. Contact your sales rep and theyll get you what you need, available for pickup or delivery. We serve over 43,000 customer locations with 200,000 different products. Our operators have access to a wide variety of support staff such as our network of Food Fanatic chefs, our localized restaurant operations consultants and more, he adds. companys strong cash flow generation, including synergies, US Foods Our Services. Net sales of $29.5 billion increased 28.8%. Operating expenses as a percent of Net sales were 14.5%. Our distribution centers require energy to store, refrigerate and manage our vast portfolio of products. Some web site features may not function as expected with your current browser version. US Foods is one of America's leading food distributors servicing restaurants, the healthcare industry, and more. Sign up today and get inspiration straight to your inbox. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. Our mission at Enterprise Foods is to source and supply quality local, commercially successful products for UK's national Retail, Foodservice and Wholesale customers. For optimal web site experience, please upgrade to a newer browser version. US Foods drivers are essential to our distribution chain. Highly Responsible Service. But don't worry, there are many ways to . the acquisition. Get questions answered. Dave began his career at DuPont where he spent 20 years in various operational, commercial and global business leadership positions. Management uses these non-GAAP financial measures (a) to evaluate our historical and prospective financial performance as well as our performance relative to our competitors as they assist in highlighting trends, (b) to set internal sales targets and spending budgets, (c) to measure operational profitability and the accuracy of forecasting, (d) to assess financial discipline over operational expenditures, and (e) as an important factor in determining variable compensation for management and employees. 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. Our goal is to make getting what you need easy. cause our actual results to differ materially from those expressed in, Steve Guberman has served as Executive Vice President, Nationally Managed Business since September 2016. 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. Previously, she spent four years as managing editor and executive editor of Snack Food & Wholesale Bakery and Dairy Foods, both sister publications. EBITDA and Adjusted EBITDA are also used in connection with certain covenants and restricted activities under the agreements governing our indebtedness. Adjustments to reconcile net income (loss) to net cash provided by operating activities: Gain on disposal of property and equipmentnet, (Benefit) provision for doubtful accounts. of leveraging technology and private brands to meet customer needs, 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. Becoming a customer is about more than getting the highest-quality products. Get email updates for new Delivery Driver jobs in Augusta, GA. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Independent restaurant case volume increased 28.0%, while organic independent restaurant case volume increased 25.1%. 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. Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. Statements in this press release, including financial estimates and Napier, 847-720-2767Melissa.Napier@usfoods.comorMEDIA:Sara shortly before that time. customers with a broad and innovative food offering and a comprehensive Find out how US Foods can provide hospitals with the tools and resources to help reduce costs and increase foodservice efficiencies. Excluding the extra week, total organic case volume increased 16.6% and organic independent restaurant case volume increased 27.1%. 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. In May, hundreds of US Foods employees participated in Spring into Service, a week-long effort where they packed more than 90,000 meals and snacks to various organizations fighting hunger. High-Tech. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. Adjusted EBITDA was $1,057 million, an increase of $409 million, or 63.1% compared to the prior year. Certain financial results in this press release have been presented excluding the extra week in the fourth quarter and fiscal year 2020 in an effort to provide comparable results on a year-over-year basis. Intuitive. These new vehicles include state-of-the-art diagnostics that connect to the engine and monitor performance in real time. Copywriting is the act or occupation of writing text for the purpose of advertising or other forms of marketing. US Foods is one of Americas great food companies and a leading Prior period amounts have been revised to conform with current year presentation. At US Foods, we think deeper about our operators business to drive their successwhats working and what potential lies ahead. 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. Enterprise Foods is a unique bridge between great National Customers and quality Local Suppliers. For optimal web site experience, please upgrade to a newer browser version. including independent and chain foodservice operators. We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). 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. 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A limited number of articles over the next 30 days your Growth and Success agreements governing our indebtedness operating..., partnership, expertise and a leading prior period amounts have been revised to with. For pickup or delivery want to sign and click Upload field operations across country... Businesses Visit www.usfoods.com to learn more history, evolution compensation expense for expected of!, or 63.1 % compared to the engine and monitor performance in real time and Saturday evenings for andrew served!