US Foods Reports Third Quarter Fiscal Year 2024 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2024.

Third Quarter Fiscal Year 2024 Highlights

• Net sales increased 6.8% to $9.7 billion
• Total case volume increased 3.8%; independent restaurant case volume increased 4.1%
• Gross profit increased 8.1% to $1.7 billion
• Net income was $148 million
• Adjusted EBITDA increased 13.2% to $455 million
• Diluted EPS increased 60.5% to $0.61; Adjusted Diluted EPS increased 21.4% to $0.85...

US Foods Announces Private Offering of $500 Million of Senior Unsecured Notes

US Foods Holding Corp. (NYSE: USFD) today announced that its wholly-owned subsidiary, US Foods, Inc. (“US Foods”), intends, subject to market and other conditions, to offer (the “Offering”) $500 million in aggregate principal amount of senior unsecured notes due 2033 (the “Notes”). US Foods intends to use the net proceeds of the Offering to repay a portion of the amounts outstanding under its term loan facility.

The Notes and the related guarantees thereof will be offered in a private offering exempt from the registration...

US Foods Announces the Passing of Board Chair Robert Dutkowsky; Appoints David Tehle as Board Chair

US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced today that Board Chair, Robert “Bob” Dutkowsky unexpectedly passed away today in his home in Florida at the age of 69.

“It is with a very heavy heart that I announce Bob’s passing,” said Dave Flitman, Chief Executive Officer. “Bob was a steadfast leader of our Board, trusted mentor to me and thought partner to our esteemed Board members. He provided sound advice and counsel, and contributed...

US Foods Reports First Quarter Fiscal Year 2024 Earnings

rew Net Sales 4.8% to $8.9 Billion and Gross Profit 4.9% to $1.5 Billion

Net Income of $82 Million

Grew Adjusted EBITDA 6% to $356 Million and Reaffirms Fiscal Year 2024 Guidance

Closed on IWC Food Service Acquisition in April

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2024.

First Quarter Fiscal 2024 Highlights

• Net sales increased 4.8% to $8.9 billion
• Total case volume increased 4.2%...

US Foods Spring Scoop Introduces Great Tasting Menu Solutions Aimed at Trending Dietary & Lifestyle

US Foods Holding Corp.– one of America’s leading food service distributors – announced today the launch of its Spring 2024 Scoop™. Themed “Get to Know Serve You,” the issue highlights products under the company’s newly branded “Serve You” portfolio featuring more than 1,700 US Foods Exclusive Brands products that offer plant-forward, gluten-free certified or clean ingredient labels with no ingredients on the US Foods Unpronounceables List®1.

“Given evolving dietary and lifestyle preferences, it’s more important...

US Foods CHEF’STORE Continues Steady Growth With Five New Store Openings Planned in 2024

US Foods Holding Corp. (NYSE: USFD) – one of America’s leading foodservice distributors – announced today its plan to open five new CHEF’STORE® locations in 2024. The new stores will be in Beaverton, Ore.; Hampton, Va.; Hickory, N.C.; Sandy Springs, Ga.; and Virginia Beach, Va. The new locations are expected to open in the second half of 2024. CHEF’STORE offers a one-stop-shop for restaurant operators, food industry professionals, community groups and at-home chefs to quickly stock up or replenish ingredients and...

US Foods Reports Fourth Quarter and Fiscal Year 2023 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2023.

Fourth Quarter Fiscal 2023 Highlights

• Net sales increased 4.9% to $8.9 billion
• Total case volume increased 5.6%; independent restaurant case volume increased 7.3%
• Gross profit increased 9.4% to $1.6 billion
• Net income available to common shareholders was $147 million
• Adjusted EBITDA increased 10.9% to $388 million
• Diluted EPS increased 59.5% to $0.59; Adjusted...

US Foods Reaches Agreement With Illinois Union To End Strike

Early this month reports began circulating that US Foods employees in the Teamsters Local Union No. 705 in Chicago were preparing to strike. US Foods has now confirmed that they have reached a “fully recommended tentative agreement” with the union representing the company’s drivers. 

Local 705’s contract at US Foods expired on December 29. A few days later Teamsters Local Union 705 signed a charge against US Foods, stating “refusal to bargain” and “bad faith bargaining.” Local 705 Secretary-Treasurer Juan Campos, while on a worksite...

REPORT: US Foods Chicago Faces Potential Strike

US Foods employees who are part of the Teamsters Local Union No. 705 in Chicago are reportedly preparing to strike.

The Teamsters Facebook page shared in early December that Warehouse Division Director Tom Erickson was in Chicago for worksite visits at U.S. Foods and other companies, including Sysco, Jewel Osco and Edward Don. 

“While at US Foods, Erickson and [Local 705 Secretary-Treasurer Juan Campos] turned their attention to the current contract fight for drivers at Local 705 who just last week voted unanimously to authorize a strike,” the Teamsters page shared...