approximately 40% of its net sales base, and employs a forward-thinking 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. 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}}). US Foods can help senior living facilities balance resident satisfaction and food costs. Learn More. Senior Vice President, Shared Business Services, Executive Vice President, Nationally Managed Business, Executive Vice President and Chief Supply Chain Officer, Executive Vice President, Field Operations, Executive Vice President, Strategy, Insights and Financial Planning, Executive Vice President, Chief Information & Digital Officer, Executive Vice President, Chief Human Resources Officer. US Foods is one of America's leading food distributors servicing restaurants, the healthcare industry, and more. If not, they can usually 1-2 day it to the store then to you. 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.. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. Choose My Signature. She is a graduate of Indiana University with a bachelors in journalism. The businesses 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. "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. About Us: We are Perelandra, Brooklyn's largest, independently-owned natural foods market! Our Delivery Drivers make $$1,824.45 weekly! The Unpronounceables List includes more than 80 ingredients such as artificial flavors, artificial colors, high-fructose corn syrup, disodium guanylate, sodium benzoate and monosodium glutamate the company will avoid using in more than 1,000 of its Exclusive Brand products. 1. Total case volume increased 16.9% from the prior year, while total organic case volume increased 14.8%. a broad array of foodservice solutions to a wide spectrum of customers Add the rice and cook for 2/3 mins, then add the fresh chopped tomatoes. Operating expenses as a percent of Net sales were 14.5%. Go back to the previous page or go to USFoods.com, Quick Links: the combined companys plans, objectives, expectations and intentions, This nutrient acts as one of the body's main electrolytes, which are crucial for mineral balance and hydration. The company operated under the name U.S. Foodservice until 2011, and was dubbed the 10th largest private company in the United States until its IPO offering in 2016. He joined US Foods in 2017. 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. 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. The US Foods app helps you manage your kitchen at all times. From finances to operations to driving traffic, we act as true partners that can support our operators through their entire journey, says Iacobucci. David spent the first seven years of his career as an officer in the U.S. Navys submarine force. Adjusted Operating expenses as a percent of Net sales were 13.1%. You can also count on us to deliver ideas, inspiration, partnership, expertise and a can-do attitude. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. {{data.customerName}} ({{data.customerNumber}}), {{dept.departmentName | truncateList}} ({{dept.departmentNumber}}), {{dept.departmentName | truncateList}}({{dept.departmentNumber}}). Thats the fun part. Tell us about yourself and your business He is responsible for corporate strategy, including exploring new businesses opportunities. 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. Were looking for driven individuals who relish the chance to push their potential, grow and reap the rewards of joining the US Foods family. 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}}). Total case volume increased 6.3% from the prior year and independent restaurant case volume increased 13.0% from the prior year. Dave previously served as Executive Vice President, Revenue Management and Strategy. Join our team. 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. EOE Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Protected Veteran/Disability Status***. Marina Mayer was formerly Editor-in-Chief of Refrigerated & Frozen Foods. 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. Make it easy with US Foods CHECK Business Tools. The transaction 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. Morgan Stanley & Benefits medical, dental, vision, 401K, life insurance, strong safety culture, and much more! Mayer was a recipient of a Young Leader Scholar award, presented from American Society of Business Publication Editors (ASBPE), which is given annually to only five U.S. journalists, 30 years of age and under. In the United States, the vast majority of investor-owned businesses form with the most powerful at the top and the most productive, or the people producing the labor or product, at the bottom. 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. Excellent local leadership. Investor Relations website at https://ir.usfoods.com. Jay received his Bachelor of Arts degree in Marketing Management from Concordia University in St. Paul. Supplemental disclosures of cash flow information: Property and equipment purchases included in accounts payable, Property and equipment transferred to assets held for sale, Leased assets obtained in exchange for financing lease liabilities, Leased assets obtained in exchange for operating lease liabilities, Paid-in-kind Series A convertible preferred stock dividends, Net income (loss) available to common shareholders (GAAP), COVID-19 product donations and inventory adjustments (5), Business acquisition and integration related costs and other (7), Weighted-average diluted shares outstanding (Non- GAAP) (11). Food is community. Diluted EPS was $0.26; Adjusted Diluted EPS was $0.38. We believe that Adjusted Net income (loss) may be used by investors, analysts, and other interested parties to facilitate period-over-period comparisons and provides additional clarity as to how factors and trends impact our operating performance. 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. 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. The forward-looking statements contained in this press release speak only as of the date of this press release and are based on information and estimates available to us at this time. Whatever you need, we're here 24/7. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. 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. 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. statements as to the completion and effects of the contemplated We have a suite of tools designed specifically for our customers to help you improve efficiency and pursue innovation. If you are able to log into login, but are having trouble with the Clearinghouse registration, see Clearinghouse Help field on the clearinghouse page. People gather around a table to break bread. 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. 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. COVID-19 Update: Learn More Skip to Content Shop Net sales benefited from food cost inflation of 8.9% in fiscal 2021 as well as the increased volumes over prior year. 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. Prior period amounts have been revised to conform with current year presentation. Keep up-to-date with our latest products and recipes. Our goal is to make getting what you need easy. You can purchase food, orders must be in before 7 p.m. Become a Shamrock Customer. 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. He also provides financial planning leadership and leads the insights and analytics team. Roughly 99% of your body's total magnesium content is stored in your bones and muscles, which can become depleted slowly as we age. Listeners are asked Decide on what kind of signature to create. Dave received a Master of Business Administration from the Booth School of Business at the University of Chicago, a Bachelor of Arts in Economics from Middlebury College and a General Course Degree in Economics from the London School of Economics. We undertake no obligation to update or revise any forward-looking statements, except as may be required by law. Order online wholesale food distributor Ontario Need something right away? In doing so, US Foods generates 13 million-plus kilowatt hours (kWh) of electricity annually. separate operating companies: These five operating companies together deliver superior solutions for The Company expects to deliver Adjusted EBITDA of approximately $1.7 billion and Adjusted Diluted EPS of approximately $3.40 in 2024. Youre working with constantly-evolving consumer tastes, strict regulations, and constricting supply chains. US Foodsis proud to have donated $10 million in food to help with COVID-19 relief efforts to help ourlocal communities make it. At US Foods, being one of the largest food service distributors in the country means our customers are never alone. 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. 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. David joined the company in February 2018. job title: Customer Service Generalist. Total case volume increased 16.9%; independent restaurant case volume increased 28.0%. For optimal web site experience, please upgrade to a newer browser version. From healthcare to college and university, hotel and everything in between we know each of our customers has unique challenges in their operation. Tap into our support, ideas expertise and resources to help you with labor and food shortages and changing service demands. 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. This is a second line of defense vs. the seller having to review all orders.. said, For the past 46 years, we have had the vision to become a leading 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. US Foods Inc. - Home. Learn morehere. benefits of the acquisition, including financial and operating results, We provide the resources, the technology, and the people to support your business at every step of the way. US Foods is one of the . 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. 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. Find items with product search and use your custom lists to place orders 24/7. With 69 broadline locations and 80 cash and carry stores, US Foods and its 28,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. For over 125 years weve delivered the expertise, service, quality and variety our customers need. US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. Andrew Iacobucci is Chief Transition Officer for US Foods, advising and supporting Dave Flitman, Chief Executive Officer, as he onboards to US Foods. He has a proven track record of driving operational excellence, profitable growth, shareholder returns and a people-centric, high-performing culture. Outlook for Fiscal Years 2022 and 2024
We have a team of experts to help you be your creative best. 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. 2023 US FOODS, INC. ALL RIGHTS RESERVED. Dave brings a wealth of global business leadership, executive management skills and extensive commercial distribution experience, along with significant expertise in operational excellence, supply chain, and general management with more than 35 years of experience in manufacturing and distribution across multiple industries, including food distribution. 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. Markets is acting as its debt capital markets advisor. suite of e-commerce, technology and business solutions. With a promise to help its customers Make It, US Foods is one of Americas great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. Bill earned a Bachelor of Science in Marketing and Supply Chain Management and a Master of Business Administration from St. By visiting this website, certain cookies have already been set, which you may delete and block. shared commitment to customer service, including a proven track record What is Magnesium? He also served as President and Chief Executive Officer at BMC Stock Holdings prior to the merger of the two companies. 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. Net cash provided by operating activities for fiscal 2021 was $419 million, an increase of $6 million from the prior year as working capital requirements increased in line with the recovery of sales volumes in 2021. Copywriting is the act or occupation of writing text for the purpose of advertising or other forms of marketing. Order quickly. 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. In addition to his corporate work, jt has spent much of his personal time working with several non-profits that forward diversity and inclusion causes, including giving testimony in the Florida legislature. SGAs Food Group of Companies, for $1.8 billion in cash. Menu Design. Super-Smart. Prior period amounts have been revised to conform with current year presentation. One of our company strategies is to become the Best in Food Service and that starts with one great customer experience at a time. An archived copy of the webcast will be Represents the non-cash impact of LIFO reserve adjustments. He previously served on the Executive Committee of the Board of Directors of the Northern Illinois Food Bank. 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. 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. Order online wholesale food distributor Ontario JT joined US Foods in 2021, previously serving as Executive Vice President and Chief Information Officer at Tech Data Corporation, a Fortune 100 global distributor of business and consumer technologies, where he was responsible for the companys global innovation strategy, information digital capabilities and operations. We all know that stress is one of the leading contributing factors to both physical and mental illness. The call can also be accessed live over the phone by dialing (844) 292-0976; the conference ID number is 5561796. The Company also expects cash capital expenditures of $280-$300 million, while fleet capital leases are expected to be an additional ~ $110 million. Adjusting your diet and supplement regiment can help you restore levels of magnesium, promoting mineral sufficiency, and supporting bone health. Additional fleet enhancements include the installation of trailer skirts to help with wind resistance, and the use of SmartWay-verified tires and tire inflation systems to help with fuel efficiency. We value privacy. It's designed to help you drive traffic, simplify your staffing and reduce waste - ultimately helping you make more money and unlock your potential. EBITDA is Net income (loss), plus Interest expense-net, Income tax provision (benefit), and Depreciation and amortization. ROSEMONT, Ill.--(BUSINESS WIRE)--
Bill Hancock is Executive Vice President and Chief Supply Chain Officer. US Foods is one of Americas great food companies and a leading Made Easy. Independent restaurant case volume increased 28.0%, while organic independent restaurant case volume increased 25.1%. Operating expenses of $1.1 billion increased $127 million, or 13.0% from the prior year. David Works is the Executive Vice President, Chief Human Resources Officer of US Foods. 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. merchandising programs, mature local sourcing capabilities and track e-commerce experience across all of your devices. Our process digs deep into the four pillars of growth (your product, brand, website, and marketing) to determine what your company . It includes sustainable seafood, responsible disposables, products that support responsible agricultural practices, responsibly sourced proteins and products that contribute to waste reduction based on how they are sourced and/or manufactured, says Stacey Kinkaid, vice president product development and innovation. The increase was primarily due to higher supply chain labor costs and higher non-labor distribution costs directly attributed to the increase in total case volume. 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. US Foods is a collection of talented professionals dedicated to making a difference in a high-preformance, diverse environment. announced separately today. Keep up-to-date with our latest products and recipes. Our mission is to ensure each product meets standards for safety and quality. 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. Includes early redemption premium and the write-off of certain pre-existing debt issuance costs. We understand this. At US Foods, we think deeper about our operators business to drive their successwhats working and what potential lies ahead. 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. 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/. 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. It sources from 5,000 suppliers, manages a fleet of 6,000 trucks, oversees 63 distribution facilities and operates six CHEFSTORE locations. Dave began his career at DuPont where he spent 20 years in various operational, commercial and global business leadership positions. 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. Adjusted Gross profit as a percentage of Net sales was 16.5%. Previously, she spent four years as managing editor and executive editor of Snack Food & Wholesale Bakery and Dairy Foods, both sister publications. These forward-looking Organic financial results exclude contributions from Smart Foodservice through April 23, 2021. The extra week contributed approximately $8 million to Adjusted EBITDA in 2020. Place an Order We offer a wonderful product- quality food, using local partners and ingredients, at family-friendly prices, and excellent customer service. This acquisition will significantly increase US Foods reach across key Thank you for your interest in becoming a Shamrock Foods customer. 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. We also have COVID-19 Wellness Checks for anyone entering our facilities and safety barriers in select locations inour production facilities. service and expanded capabilities, and delivering accelerated growth and Net Debt is defined as total debt net of total Cash, cash equivalents and restricted cash remaining on the balance sheet as of the end of the most recent fiscal quarter. 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. announced that they have entered into a definitive agreement under which But how can we avoid something that seems such a normal part of our everyday lives? foodservice distributor, partnering with approximately 250,000 Thanks to the efforts of our associates, we stayed true to our promise to help our customers Make It," said CEO Pietro Satriano. Our employees share a genuine concern for quality and . forward-looking statements. EBITDA and Adjusted EBITDA are also used in connection with certain covenants and restricted activities under the agreements governing our indebtedness. US Foods is headquartered in Rosemont, Ill. Visit www.usfoods.com to learn more. Shamrock Orders. Statements in our Annual Report on Form 10-K for the fiscal year ended In this role, he is responsible for leading teams focused on managing and optimizing key business processes for the company. Napier, 847-720-2767Melissa.Napier@usfoods.comorMEDIA:Sara 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. Co. LLC is acting as financial advisor to Services Group of America, and 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. The event taking place at the Paramount Fine Foods . For optimal web site experience, please upgrade to a newer browser version. Your job seeking activity is only visible to you. Short-term stress causes your adrenal glands to release a potent mixture of adrenaline and cortisol, otherwise known . US Foods Holding Corp. (NYSE: USFD) and Services Group of America today During the fiscal year the Company reduced total debt by $737 million, reduced the amount of secured debt in its portfolio and extended tenor. As one of America's leading food distributors, we'll provide everything you need. 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. expects to reduce net leverage to approximately 3.0x by the end of Get questions answered. 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. 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. 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