Total organic case volume increased 14.8%; independent restaurant organic case volume increased 25.1%. Andrew Johnstone was named Interim General Counsel at US Foods in November 2022. Tell us about yourself and your business You deserve a partner who understands your business and can help you bring it into the future. 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. Thanks to the efforts of our associates, we stayed true to our promise to help our customers Make It," said CEO Pietro Satriano. Excellent local leadership. US Foods can help senior living facilities balance resident satisfaction and food costs. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. 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. company, commented US Foods Chairman and CEO Pietro Satriano. Ghost Kitchens. With a son, Josh, serving as a U.S. Army CAV Scout, Dave is passionate about serving members and veterans of the U.S. military forces and other charitable causes. 2023 US FOODS, INC. ALL RIGHTS RESERVED. Terms of Access: Privacy Policy Before joining Meridian Health, David led the Human Resource organizations at Windstream and Sears Holdings. 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. 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. Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. By continuing to use this site, you are giving us your consent to do this. Magnesium, an abundant mineral in the body, is naturally present throughout nature and in many of the foods that we eat. 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/. Learn morehere. 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). minimum 20 minute delay February 23, 2023. Click the link in the email we sent to to verify your email address and activate your job alert. 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. Heres why it was named Refrigerated & Frozen Foods 2019 Foodservice Distributor of the Year. combined 2017 net sales of $3.2 billion and approximately 3,400 To help our customers make it in this challenging time, were providing robust support, including webinars, one-on-one consults with our experts and detailed reopening materials. 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. Were excited to get to know you and your business needs. These forward-looking Come drive for us. You want to feed people. Delivering products by truck is core to our business, says Dario Skocir, senior vice president field operations. (847) 720-2392 Order online wholesale food distributor Ontario risks and uncertainties which are beyond our control. are not anticipated, (3) risks that any of the closing conditions to the Smart Foodservice was acquired on April 24, 2020. PLEASE APPLY DIRECTLY THROUGH OUR INTERNAL WORKDAY CAREER SITE. Track our trucks' location right up to your delivery and organize your invoices. including independent and chain foodservice operators. USANA is internationally recognized for high-quality, science-based nutritional supplements, healthy foods, personal care products, and skincare products. 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. Dave Flitman joined US Foods as Chief Executive Officer and a member of the US Foods Board of Directors on Jan. 5, 2023. foodservice distributor, partnering with approximately 250,000 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. Steve began his career in restaurant operations and brings more than 30 years of industry experience to the management team. Among the risks Whatever you need, we're here 24/7. 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. Includes: (i) aggregate acquisition and integration related costs of $22 million and $45 million for the and the 52 weeks ended January 1, 2022 and the 53 weeks ended January 2, 2021, respectively; (ii) favorable legal settlement recoveries of $29 million for the 52 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. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. What does that mean? We Help You Make It. People gather around a table to break bread. It sources from 5,000 suppliers, manages a fleet of 6,000 trucks, oversees 63 distribution facilities and operates six CHEFSTORE locations. No matter your size or need, we are equipped to serve you. Gross profit increased 25.2% to $4.7 billion. 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. Expands Presence Across Attractive and Growing Northwest Region, Expected to Become Accretive to Adjusted EPS in the Second Full Independent restaurant case volume increased 28.0%, while organic independent restaurant case volume increased 25.1%. Sign up today and get inspiration straight to your inbox. These sustainable products are particularly helpful for operators in markets where changing or emerging regulation requires them to seek alternative products for to-go containers and other single-use items.. Operating expenses of $1.1 billion increased $127 million, or 13.0% from the prior year. By closing this message or continuing to use our site, you agree to the use of cookies. customers with a broad and innovative food offering and a comprehensive In this role, he is responsible for all warehousing, transportation, and supply chain strategy and operations, as well as safety, labor relations and continuous improvement. Adjusted EBITDA increased 63.1% to $1,057 million. 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. Join our team and immediately become part of the largest distributor of conventional, natural, organic and specialty products in the United States and Canada. record of operational excellence will be strong additions to our Food Group:MEDIA:Brad Parker, 480-927-4540Brad_Parker@sgagroup.com, US Foods to Acquire SGAs Food Group of Companies for $1.8 Billion, https://www.businesswire.com/news/home/20180730005289/en/. He joined US Foods in 1991 and has served in a variety of corporate and field leadership roles, including sales, procurement, marketing, category management and eight years as a Division President in Houston, Texas. Were here to help. Ameristar Meats and GAMPAC. Adjusted Gross profit as a percentage of Net sales was 16.5%. forward-looking statements. Over his 17-year tenure at BCG, Dave led many strategy, operations management and sales strategy engagements with Fortune 500 clients. cause our actual results to differ materially from those expressed in, 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. The companys unique The tax effect of pre-tax items excluded from Adjusted net income available to common shareholders is computed using a statutory tax rate after taking into account the impact of permanent differences and valuation allowances. Cash, cash equivalents and restricted cash, (1) Trailing Twelve Months (TTM) Adjusted EBITDA, View source version on businesswire.com: SGAs Food Group of Companies currently operates as five Keep up-to-date with our latest products and recipes. He also served as the president of the Enterprise Business Unit at Windstream. We believe that Adjusted Net income (loss) is a useful measure of operating performance for both management and investors because it excludes items that are not reflective of our core operating performance and provides an additional view of our operating performance including depreciation, interest expense, and Income taxes on a consistent basis from period to period. BECOME A CUSTOMER Download Our App Great Food. View source version on businesswire.com: Includes COVID-19 related expenses related to inventory adjustments and product donations. Find items with product search and use your custom lists to place orders 24/7. release. COVID-19 Update: Learn More Skip to Content Shop We are truly committed to bringing new ideas to our operators that will help them disrupt their status quo and drive their continued success.. . Made Easy. About UsFoods The extra week contributed approximately $8 million to Adjusted EBITDA in 2020. David joined the company in February 2018. Tap into our support, ideas expertise and resources to help you with labor and food shortages and changing service demands. Culinary Consulting and Nutrition Resources. Samyang Foods Co., Ltd, established in 1961, has been walking a single path, pursuing honesty and trust for over 50 years. Organic financial results exclude contributions from Smart Foodservice through April 23, 2021. of leveraging technology and private brands to meet customer needs, For the same reasons, the Company is unable to address the significance of the unavailable information, which could be material to future results. Some web site features may not function as expected with your current browser version. We use Net Debt as a supplemental measure to GAAP measures to review the liquidity of our operations. Presentation slides will be available shortly before the webcast begins. Sign up today and get inspiration straight to your inbox. companys strong cash flow generation, including synergies, US Foods Melissa.Napier@usfoods.com, MEDIA CONTACT: 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. He also served as President and Chief Executive Officer at BMC Stock Holdings prior to the merger of the two companies. 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. 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.. NYSE: USFD 38.22 -1.05 -2.67%. 2023 US FOODS, INC. ALL RIGHTS RESERVED. Adjusted EBITDA is EBITDA adjusted for (1) Restructuring costs and asset impairment charges; (2) Share-based compensation expense; (3) the non-cash impact of LIFO reserve adjustments; (4) loss on extinguishment of debt; (5) Business transformation costs; and (6) other gains, losses or costs as specified in the agreements governing our indebtedness. 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. 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. service and expanded capabilities, and delivering accelerated growth and Swaine & Moore LLP is acting as its legal advisor, and KKR Capital US Foods released its 2019 Summer Scoop, which features delivery, take-out, grab-and-go and retail product solutions. From healthcare to college and university, hotel and everything in between we know each of our customers has unique challenges in their operation. Sara Matheu 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. Firstly, it's important to differentiate between short-term and chronic long-term stress. 2023 US FOODS, INC. ALL RIGHTS RESERVED. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. regulatory approvals may not be obtained as a result of conditions that Includes COVID-19 costs that we are permitted to addback under certain agreements governing our indebtedness. 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. We also believe these and similar non-GAAP financial measures are frequently used by securities analysts, investors, and other interested parties to evaluate companies in our industry. 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. Jay previously served as Executive Vice President, Locally Managed Sales and also served as interim Chief Supply Chain Officer from October 2019 to February 2021. to please dial in 10 minutes prior to the call start time and provide Effective as of the first quarter 2021, we have presented Adjusted net income. 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. The conference call can be accessed live over the phone by dialing 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. Get questions answered. The acquisition is subject to regulatory approval and other customary Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. Our goal is to make getting what you need easy. EBITDA is Net income (loss), plus Interest expense-net, Income tax provision (benefit), and Depreciation and amortization. From 2015 to 2018, Dave was President and Chief Executive Officer of Performance Foodservice, the largest segment of Performance Food Group, a U.S. foodservice distribution company. Sign in to save Delivery Driver at US Foods. - Formerly AOL Advertising/Verizon Media/Oath. shared commitment to customer service, including a proven track record Cash capital expenditures for fiscal 2021 totaled $274 million, compared to $189 million in the prior year period, an increase of $85 million. to learn more. 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 . Adjusted Gross profit as a percentage of Net sales was 16.3%. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. The call can also be accessed live over the phone by dialing (844) 292-0976; the conference ID number is 5561796. David spent the first seven years of his career as an officer in the U.S. Navys submarine force. Because of their aggressive feeding habits, make sure th Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Company with the SEC, which are available on the SECs website at www.sec.gov. Tuesday, August 7, 2018. At US Foods, our solutions are tailored to fit your specific needs. Dense_Implement8442 9 mo. Total case volume increased 16.9% from the prior year, while total organic case volume increased 14.8%. 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. Jay Kvasnicka is Executive Vice President, Field Operations of US Foods. SGAs Food Group of Companies, for $1.8 billion in cash. MOX is our new ordering portal that delivers speed, confidence and control for a better That's no small task. As one of America's leading food distributors, we'll provide everything you need. Our Serve Good product portfolio features products that are responsibly sourced or contribute to waste reduction. 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.. 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. Use someone like GFS, Gordon Food Service. We also check order history and look for unusual order quantities. Sun., Feb. 19, 2023 timer 1 min. and uncertainties that could cause actual results to differ from those Want help fulfilling rush orders? Before joining US Foods in 2015, Dave served as Vice President for Uline. 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. Our Warehouse associates supply thousands of consumers with better for you food that nourishes families nationwide. It's designed to help you drive traffic, simplify your staffing and reduce waste - ultimately helping you make more money and unlock your potential. Dave previously served as Executive Vice President, Revenue Management and Strategy. 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. employees. Changes in operating assets and liabilities, net of business acquisitions: Decrease (increase) in prepaid expenses and other assets, Increase (decrease) in accounts payable and cash overdraft liability, Increase (decrease) in accrued expenses and other liabilities, Net cash provided by operating activities, Proceeds from sales of property and equipment, Principal payments on debt and financing leases, Net proceeds from issuance of Series A convertible preferred stock, Dividends paid on Series A convertible preferred stock, Proceeds from employee stock purchase plan, Tax withholding payments for net share-settled equity awards, Net cash (used in) provided by financing activities, Net (decrease) increase in cash and cash equivalents, Cash, cash equivalents and restricted cashbeginning of year, Cash, cash equivalents and restricted cashend of year. Order quickly. Your job seeking activity is only visible to you. Matheu, 847-720-2392Sara.Matheu@usfoods.comorSGA customers and our Associates., Compelling Strategic and Financial Benefits. maintain relationships with suppliers, and on their operating results That's why each and every one of our solutions is tailored to fit specific businesses' needs. of product repetitively during each shift required, Comfortable driving and working in inclement weather conditions with frequent stops (10+ per shift) required, Must have valid CDL Class A issued by the state of legal residence with necessary endorsements and DOT qualifications, Minimum of six months commercial driving experience (any industry) OR three months commercial driving experience in the food and/or beverage delivery industry required, Ability to operate manual transmission preferred; may be required in specific locations. Visit www.usfoods.com to learn more. termination of the purchase agreement, (2) the risk that the necessary Net sales increased 28.8% to $29.5 billion. 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. FSA has a expects to reduce net leverage to approximately 3.0x by the end of At US Foods, we are committed to compensation and benefits that respect and reward our employees for their dedication and hard work, US Foods is committed to working with and providing reasonable accommodation to individuals with disabilities through our Job Application Accommodation. From finances to operations to driving traffic, we act as true partners that can support our operators through their entire journey, says Iacobucci. In this article, we will explore the history, evolution . 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. the combined companys plans, objectives, expectations and intentions, Gross profit as a percentage of Net sales was 16.3%. Dirk is a graduate of the University of Illinois and is a Certified Public Accountant. 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. 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. Year Following Closing. 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. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. Yourself and your business needs he also served as President and Chief Executive Officer at BMC Stock prior. Began his us foods become a customer in restaurant operations and brings more than 30 years industry. 19, 2023 timer 1 min 29.5 billion living facilities balance resident satisfaction food. Total organic case volume increased 14.8 % Ontario risks and uncertainties that could cause actual results to differ from Want. Facilities and operates six CHEFSTORE locations it was named Refrigerated & Frozen 2019! 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