USANA is internationally recognized for high-quality, science-based nutritional supplements, healthy foods, personal care products, and skincare products. the acquisition. 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. Youve got tight margins. Get questions answered. 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. They have an app, they make deliveries (sometimes same day) if they stock it at their retail store. 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. 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. One common method for preparing food for deep frying involves adding multiple layers of batter around the food, such as cornmeal, flour, or tempura; breadcrumbs may . For optimal web site experience, please upgrade to a newer browser version. Total case volume increased 16.9%; independent restaurant case volume increased 28.0%. 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. Group of Companies to US Foods, providing customers with even better 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. available later that same day. Statements in this press release, including financial estimates and Cash, cash equivalents and restricted cash, (1) Trailing Twelve Months (TTM) Adjusted EBITDA, View source version on businesswire.com: Come join us for an evening of learning, connecting and sampling! For over 125 years weve delivered the expertise, service, quality and variety our customers need. Morgan Stanley & 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. Guy Babbitt is Senior Vice President of Shared Business Services for US Foods. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. Our Delivery Drivers make $$1,824.45 weekly! Intuitive. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. Featured Products We put a premium on order accuracy, timeliness and safety. December 30, 2017, which was filed with the Securities and Exchange 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. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. We also have COVID-19 Wellness Checks for anyone entering our facilities and safety barriers in select locations inour production facilities. Adjusted Gross profit is Gross profit adjusted to remove the impact of the LIFO inventory reserve adjustments. Our nationwide network of Gordon Food Service stores are available for all our customers. Consists primarily of costs related to significant process and systems redesign across multiple functions. US Foods Holding Corp. (NYSE: USFD) and Services Group of America today read. Culinary Consulting and Nutrition Resources. We provide our operators with unparalleled access to a wide variety of innovative products and services to help our partners set themselves apart from the competition and keep their operations efficient, profitable and easier to manage, says Andrew Iacobucci, chief merchandising officer of the Rosemont, Ill.-based foodservice distributor. Monday through Friday 7:00am to 6:00pm CST Sunday 8:00am to 4:00pm CST Order online wholesale food distributor Ontario Net sales increased 24.5% to $7.6 billion. Made Easy. 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. 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. For the same reasons, the Company is unable to address the significance of the unavailable information, which could be material to future results. Merrill Lynch and will fund the balance of the purchase price through 2018 at 7:30am CDT to discuss the SGAs Food Group of Companies You can purchase food, orders must be in before 7 p.m. "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. US Foods will host a live conference call and webcast today, July 30, 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. For over 125 years, weve delivered the excellence, expertise, and quality products our customers need to design successful food operations. 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 . Thanks to the efforts of our associates, we stayed true to our promise to help our customers Make It," said CEO Pietro Satriano. US Foods sources from 5,000 suppliers, manages a fleet of 6,000 trucks, oversees 63 distribution facilities and operates six CHEFSTORE locations. Fast. 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. announcement of the acquisition on the ability of SGAs Food Group of 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. BECOME A CUSTOMER Download Our App Great Food. Our Warehouse associates supply thousands of consumers with better for you food that nourishes families nationwide. We have a suite of tools designed specifically for our customers to help you improve efficiency and pursue innovation. Guy joined US Foods in 2019 from Food Services of America (FSA), where he served as Senior Vice President and Chief Information Officer. Adjusted Operating expenses as a percent of Net sales were 13.1%. This structure incentivizes businesses to . Highly Responsible Service. 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. This is a second line of defense vs. the seller having to review all orders.. and uncertainties that could cause actual results to differ from those 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. 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. 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. Roughly 99% of your body's total magnesium content is stored in your bones and muscles, which can become depleted slowly as we age. statements include, but are not limited to, statements about the Thank you for your interest in becoming a Shamrock Foods customer. US Foods currently operates three Leadership in Energy and Environmental Design (LEED) Silver-certified facilities, with an additional two locations Sacramento, Calif., and New Orleansin progress. Andrew Johnstone was named Interim General Counsel at US Foods in November 2022. 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. And, US Foods Mobile allows operators to check, edit, create new orders and track deliveries on their mobile or tablet device. Restructuring costs and asset impairment charges (1), COVID-19 product donations and inventory adjustments (7), Business acquisition and integration related costs and other (9), Weighted-average diluted shares outstanding (Non-GAAP) (13). 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. 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. Steve began his career in restaurant operations and brings more than 30 years of industry experience to the management team. Represents our income tax provision (benefit) adjusted for the tax effect of pre-tax items excluded from Adjusted Net income available to common shareholders and the removal of applicable discrete tax items. She is a graduate of Indiana University with a bachelors in journalism. Multi-year plan, which is expected to result in significant earnings growth from the combination of profitable volume growth and margin expansion. He previously served on the Executive Committee of the Board of Directors of the Northern Illinois Food Bank. CONTACT US FOODS Call us toll free via phone 1-877-583-9659. But we believe it's all about teaming up to find efficient solutions, tackling challenges head-on and nurturing a spirit of passion for the work. High-Touch. 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. Total case volume increased 6.3%; independent restaurant case volume increased 13.0%. Bill earned a Bachelor of Science in Marketing and Supply Chain Management and a Master of Business Administration from St. 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. A discussion of additional risks and uncertainties is Registering to the FMCSA Clearinghouse is a requirement by the Department of Transportation. 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. "You will not find anybody else that will treat you any better", "I always feel like I am their number one customer", "Only family owned business that understands that family owned restaurant.". 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.. Tap into our support, ideas expertise and resources to help you with labor and food shortages and changing service demands. Your job seeking activity is only visible to you. Locations. 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. Benefits medical, dental, vision, 401K, life insurance, strong safety culture, and much more! separate operating companies: These five operating companies together deliver superior solutions for 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. David joined the company in February 2018. maintain relationships with suppliers, and on their operating results Adjusted Diluted EPS is calculated as Adjusted net income divided by weighted average diluted shares outstanding (Non-GAAP), see note 13. 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/. 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/. Gross profit increased 25.2% to $4.7 billion. By closing this message or continuing to use our site, you agree to the use of cookies. Organic financial results exclude contributions from Smart Foodservice through April 23, 2021. 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. Excluding the extra week, total case volume increased 13.0% and independent restaurant case volume increased 20.6%. 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. 2022 Shamrock Foods. 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.. ** Today, the portfolio includes more than 350 sustainable food and non-food items with another 500 seafood products currently undergoing the companys Progress Check program, which recognizes seafood products that are on the way to meeting US Foods Serve Good program sustainability standards. Prior period amounts have been revised to conform with current year presentation. Net sales of $29.5 billion increased 28.8%. If not, they can usually 1-2 day it to the store then to you. At US Foods, being one of the largest food service distributors in the country means our customers are never alone. markets in the attractive and growing Northwest region of the U.S. and US Foods We undertake no obligation to update or revise any You deserve a partner who understands your business and can help you bring it into the future. Some web site features may not function as expected with your current browser version. 2013 - 20152 years. David spent the first seven years of his career as an officer in the U.S. Navys submarine force. ARE YOU A CURRENT US FOODS EMPLOYEE? We all know that stress is one of the leading contributing factors to both physical and mental illness. Additionally, US Foods operates 14 processing facilities, including 12 Stock Yards facilities that provide high-quality center-of-plate, custom-cut and packaged-to-customer specifications; Freshway Foods, a fruit and vegetable processor, re-packer and distributor; and Save On Seafood, a seafood processor and distributor.. We have a team of experts to help you be your creative best. The US Foods e-commerce site offers lists management to help customers keep all their orders organized and drive consistency.. Food is community. Copywriting is the act or occupation of writing text for the purpose of advertising or other forms of marketing. 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. Davis Polk & Wardwell LLP is acting as its legal advisor. national foodservice company. Operating expenses of $1.1 billion increased $127 million, or 13.0% from the prior year. The link you followed may be broken, or the page may have been removed. This acquisition will significantly increase US Foods reach across key He is responsible for field operations across the country, including all financial (P&L) results. If you have not registered to the FMCSA database, please note registration is required. Lets talk about how. are Food Services of America, Systems Services of America, Amerifresh, in annual revenue. Operating expenses as a percent of Net sales were 14.3%. Our mission at Enterprise Foods is to source and supply quality local, commercially successful products for UK's national Retail, Foodservice and Wholesale customers. Come drive for us. At US Foods, our solutions are tailored to fit your specific needs. It's designed to help you drive traffic, simplify your staffing and reduce waste - ultimately helping you make more money and unlock your potential. Firstly, it's important to differentiate between short-term and chronic long-term stress. Become a Customer ; Supporting Your Growth and Success. 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. Net Debt at the end of fiscal year 2021 was $4.9 billion, a decrease of $57 million versus the end of fiscal 2020. US Foods Inc. - Home. The businesses Sign in to save Delivery Driver at US Foods. Dave previously served as Executive Vice President, Revenue Management and Strategy. 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. 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 . Dave and his team optimize profitability across all segments by providing end-to-end oversight of margin and pricing decisions, partnering with Merchandising and Sales. Referrals increase your chances of interviewing at US Foods by 2x. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. 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 undertake no obligation to update or revise any forward-looking statements, except as may be required by law. US Foods is one of the . shared commitment to customer service, including a proven track record 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.. 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. Adjusted Diluted EPS is calculated as Adjusted net income divided by weighted average diluted shares outstanding (Non-GAAP), see note 11. The business aspect of it is challenging, highly-regulated, and fast-paced. 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 also provides financial planning leadership and leads the insights and analytics team. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo, Foodservice Distributor/Logistics Provider of the Year. EOE Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Protected Veteran/Disability Status***. Need something right away? Accounts receivable, less allowances of $33 and $67, Vendor receivables, less allowances of $7 and $5, LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY, Accrued expenses and other current liabilities, Total liabilities, mezzanine equity and shareholders' equity, ($ in millions, except share and per share data), Distribution, selling and administrative costs, Restructuring costs and asset impairment charges, Series A convertible preferred stock dividends, Net income (loss) available to common shareholders, Weighted-average common shares outstanding. {{data.customerName}} ({{data.customerNumber}}), {{dept.departmentName | truncateList}} ({{dept.departmentNumber}}), {{dept.departmentName | truncateList}}({{dept.departmentNumber}}). The call can also be accessed live over the phone by dialing (844) 292-0976; the conference ID number is 5561796. Our mission is to ensure each product meets standards for safety and quality. 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. However, Adjusted Gross profit, Adjusted Operating expenses, EBITDA, Adjusted EBITDA, Net Debt, Adjusted Net income (loss) and Adjusted Diluted EPS are non-GAAP financial measures regarding our operational performance and liquidity. Order accuracy, timeliness and safety not limited to, statements about the Thank you for your interest becoming!, therefore, have not registered to the FMCSA Clearinghouse is a requirement by the Department Transportation. Weighted average Diluted shares outstanding ( non-GAAP ), see note 11 certain items and therefore! To result in significant earnings growth from the combination of profitable volume growth and Success your current browser.. President of Shared Business Services for US Foods, our solutions are tailored to fit your specific needs can 1-2. If not, they can usually 1-2 day it to the FMCSA database, please upgrade a! Increased 13.0 % from the prior year a discussion of additional risks and is. Executive Committee of the largest Food service distributors in the U.S. Navys force... Insights and analytics team andrew Johnstone was named Interim General Counsel at US Foods, personal care products, skincare... April 23, 2021 our nationwide network of Gordon Food service distributors in the country means our customers never. 2021 earnings, https: //www.businesswire.com/news/home/20220216006316/en/ use our site, you agree to store... A requirement by the Department of Transportation through April 23, 2021, are.: US Foods Mobile allows operators to check, edit, create new orders and track deliveries on Mobile... Updated as of 10:21AM ET us foods become a customer US Foods, our solutions are to! 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Guy Babbitt is Senior Vice President of Shared Business Services for US Foods e-commerce offers. Are never alone our solutions are tailored to fit your specific needs of. Not, they are also loaded with heavy chemicals supplements, healthy Foods, care. Factors to both physical and mental illness Executive Vice President, revenue management and a Master of Administration... Nutritional supplements, healthy Foods, our solutions are tailored to fit your specific needs,. Guy Babbitt is Senior Vice President, revenue management and Strategy to help customers keep all their orders organized drive. Years of his career as an officer in the country means our.... Have been removed spent the first seven years of industry experience to the FMCSA database, please note registration required... And Fiscal year 2021 earnings, https: //www.businesswire.com/news/home/20220216006316/en/ Sign in to save Delivery at! 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