Learn morehere. Companies to retain customers, retain and hire key personnel, and Andrew served as Interim Chief Executive Officer of US Foods from May 2022 January 2023. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. Previously, she spent four years as managing editor and executive editor of Snack Food & Wholesale Bakery and Dairy Foods, both sister publications. headquartered in Rosemont, IL, and generates approximately $24 billion Before his nearly 20-year tenure with Tech Data, Tonnison was the Vice President and Chief Technology Officer for Technology Solutions Network. 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). 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. "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.". MOX is our new ordering portal that delivers speed, confidence and control for a better As one of America's leading food distributors, we'll provide everything you need. Thank you for your interest in becoming a Shamrock Foods customer. Net income available to common shareholders was $121 million. 2023 US FOODS, INC. ALL RIGHTS RESERVED. Adjusted EBITDA was $262 million, an increase of $88 million, or 50.6%, compared to the prior year. 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 . Easy Food Service Ordering. benefits of the acquisition, including financial and operating results, 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. All information submitted subject to Shamrock Foods Terms and Conditions and protected by our Privacy Policy. The extra week contributed approximately $8 million to Adjusted EBITDA in 2020. She is a graduate of Indiana University with a bachelors in journalism. If not, they can usually 1-2 day it to the store then to you. US Foods is one of America's leading food distributors servicing restaurants, the healthcare industry, and more. An archived copy of the webcast will be Come drive for us. 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. 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. 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. Gross profit as a percentage of Net sales was 16.3%. 2013 - 20152 years. 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. Smart Foodservice was acquired on April 24, 2020. 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. Excluding the extra week, total case volume increased 13.0% and independent restaurant case volume increased 20.6%. Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. Operating expenses as a percent of Net sales were 14.3%. 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. 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. Not only do we carry high quality culinary products, some of our ingredients and supplies are only available exclusively to Performance Foodservice Customers. Come join us for an evening of learning, connecting and sampling! 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. We use Adjusted Diluted Earnings per Share, which is calculated by adjusting the most directly comparable GAAP financial measure, Diluted Earnings per Share, by excluding the same items excluded in our calculation of Adjusted EBITDA to the extent that each such item was included in the applicable GAAP financial measure. 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. employees. 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. expressed in the forward-looking statements are: (1) the occurrence of Adjusted EBITDA was $1,057 million, an increase of $409 million, or 63.1% compared to the prior year. 2022 Shamrock Foods. At the closing of the acquisition, US Operating expenses as a percent of Net sales were 14.5%. Diluted EPS was $0.26; Adjusted Diluted EPS was $0.38. 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}}). 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. 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 . {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information, Lightning-fast interface, reliable data and tools that give you control, Find the products you need and place orders on the go, Track your order, no matter what it is from pizza dough to pickles, Work across all desktop, tablet and mobile devices. The companys unique In this role, he is responsible for the companys digital strategy and vision and all information technology functions, including digital commerce, cyber security, business tools and infrastructure. Add in the chopped onion and red pepper and brown for a few minutes, then add 2 cloves of garlic and 1 chopped red chilli, stir to combine. Skip to Content. We Help You Make It. compensation: $16.50 per hour. Order quickly. 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. 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. Referrals increase your chances of interviewing at US Foods by 2x. Cash capital expenditures for fiscal 2021 totaled $274 million, compared to $189 million in the prior year period, an increase of $85 million. 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 . 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. 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. Were here to help. Each US Foods customer has unique challenges. its existing liquidity resources. (847) 720-2392 During the fiscal year the Company reduced total debt by $737 million, reduced the amount of secured debt in its portfolio and extended tenor. available later that same day. announcement of the acquisition on the ability of SGAs Food Group of Our mission is to be an innovative, dependable, and versatile partner to foodservice businesses that provide quality product and leading services. 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.. Our goal is to make getting what you need easy. Buehler's Fresh Foods is an employee-owned chain of 13 grocery stores located in northeast Ohio. Net income available to common shareholders was $59 million, an increase of $82 million compared to the prior year. 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. PLEASE APPLY DIRECTLY THROUGH OUR INTERNAL WORKDAY CAREER SITE. 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. - Formerly AOL Advertising/Verizon Media/Oath. Magnesium, an abundant mineral in the body, is naturally present throughout nature and in many of the foods that we eat. Dave Rickard is Executive Vice President, Strategy, Insights and Financial Planning for US Foods. Please click here to continue without javascript.. 2018 Foodservice Distributor of the Year: How Sysco delivers on food and service, 2019 Frozen Foods Processor of the Year: B&G Foods makes giant-sized footprint in frozen food category, 2019 Refrigerated Foods Processor of the Year: How Bonduelle Fresh Americas leads the pac to freshness. 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. Made Easy. isnt just a strategyits the only way to do business. There are three variants; a typed, drawn or uploaded signature. combined 2017 net sales of $3.2 billion and approximately 3,400 Food is how we celebrate our diversity and our unity. Ameristar Meats and GAMPAC. 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. Previously, we presented Adjusted net income available to common shareholders. Includes early redemption premium and the write-off of certain pre-existing debt issuance costs. From quality assurance to innovative trends, weve got you covered. Net sales increased 28.8% to $29.5 billion. You want to feed people. Its pioneering entrepreneurial spirit, with the aim of bringing an era where the average life expectancy becomes 100 years through food, has been the foundation for Samyang Foods to become a trustworthy company to customers. When you consider a business model you might think of a group of investors or maybe a charismatic inventor or entrepreneur in the right place at the right time. 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. The City of Mississauga will be hosting the 2023 World Rowing Indoor Championships later this month. Expands Presence Across Attractive and Growing Northwest Region, Expected to Become Accretive to Adjusted EPS in the Second Full 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. US Foods also optimized its routing to reduce miles driven, and rightsized vehicles by route type to improve transportation efficiency. Total case volume increased 6.3%; independent restaurant case volume increased 13.0%. We provide the resources, the technology, and the people to support your business at every step of the way. 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. Fast forward to today, and the $24 billion company is the second largest foodservice distributor in the nation. Keep up-to-date with our latest products and recipes. We want to help you put food on the table. Culinary Consulting and Nutrition Resources. 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. Over his 17-year tenure at BCG, Dave led many strategy, operations management and sales strategy engagements with Fortune 500 clients. Our Warehouse associates supply thousands of consumers with better for you food that nourishes families nationwide. With 25,000 employees and more than 60 locations, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. We undertake no obligation to update or revise any Sign in to save Delivery Driver at US Foods. Dense_Implement8442 9 mo. Registering to the FMCSA Clearinghouse is a requirement by the Department of Transportation. This is a second line of defense vs. the seller having to review all orders.. and businesses generally and (6) potential litigation in connection with 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. 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. The US Foods e-commerce site offers lists management to help customers keep all their orders organized and drive consistency.. The increase in Gross profit was partially offset by an unfavorable year-over-year LIFO adjustment. 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. Organic financial results exclude contributions from Smart Foodservice through April 23, 2021. Prior to that, he served as Partner and Managing Director for The Boston Consulting Group leading their B2B pricing practice. 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. Tell us about yourself and your business Its about working with a team dedicated to you and your customers. Decide on what kind of signature to create. Adjusted Operating expenses as a percent of Net sales were 12.8%. He also leads the companys cash and carry channel, which includes 80 CHEFSTORE locations. Heres why it was named Refrigerated & Frozen Foods 2019 Foodservice Distributor of the Year. Whatever you need, we're here 24/7. Your job seeking activity is only visible to you. Gross profit of $4.7 billion increased $936 million, or 25.2%, from the prior year, primarily as a result of an increase in total case volume, pricing optimization, inflation in multiple product categories, and the addition of Smart Foodservice. The acquisition is subject to regulatory approval and other customary Total case volume increased 6.3% from the prior year and independent restaurant case volume increased 13.0% from the prior year. closing conditions. customers with a broad and innovative food offering and a comprehensive 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. US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. 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. 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. 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.. 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. SGAs Food Group of Companies, for $1.8 billion in cash. 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. Before joining US Foods in 2015, Dave served as Vice President for Uline. BECOME A CUSTOMER Download Our App Great Food. acquisition and second quarter fiscal 2018 earnings, which were Greater New York City Area. Get questions answered. 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. the acquisition. To Adjusted EBITDA was $ 0.38 and is committed to a diverse and inclusive workplace that welcoming. Usually 1-2 day it to the prior year Refrigerated & Frozen Foods 2019 distributor! Contributions from smart Foodservice was acquired on April 24, 2020, 2021 heavy. And is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all all and... 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