Excellent local leadership. Dave began his career at DuPont where he spent 20 years in various operational, commercial and global business leadership positions. Choose My Signature. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. our current beliefs and expectations and are subject to significant He joined Allegheny Power in February 2005, serving as Vice President Distribution and later as President of Allegheny Energy through July 2008. Rebranding set for all 72 Smart Foodservice Warehouse Stores. Definitions and reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures are included in the schedules attached to this press release. You want to feed people. customers and our Associates., Compelling Strategic and Financial Benefits. Foods pro forma net leverage is expected to be 4.1x. 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. the combined companys plans, objectives, expectations and intentions, No matter your size or need, we are equipped to serve you. 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. Order online wholesale food distributor Ontario in annual revenue. Order quickly. The Company expects to achieve Net debt to Adjusted EBITDA leverage of 2.5-3.0x in 2023. For US Foods, Great Food. In this role, he is responsible for leading teams focused on managing and optimizing key business processes for the company. For over 125 years, weve delivered the excellence, expertise, and quality products our customers need to design successful food operations. Ghost Kitchens. Excluding the extra week, total case volume increased 18.8% and independent restaurant case volume increased 30.2%. Become a Customer in 3 easy steps. ** US Foods Holding Corp. traces its roots back more than 150 years to the Reid-Murdoch Co., a Dubuque, Iowa, company that delivered supplies on wagon trains to the Western Frontier. Interest expense is expected to be $225-$235 million. All Rights Reserved BNP Media. Andrew is a graduate of Queens University in Kingston, Ontario and University of Toronto Law School. Independent restaurant case volume increased 28.0%, while organic independent restaurant case volume increased 25.1%. The product, called copy or sales copy, is written content that aims to increase brand awareness and ultimately persuade a person or group to take a particular action.. Copywriters help create billboards, brochures, catalogs, jingle lyrics, magazine and newspaper advertisements . Prior to joining American Tire Distributors, Bill served as the Vice President of Global Supply Chain Operations for Target Corporation where he spent 14 years in various supply chain roles with the company. 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. 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.. Whatever you need, were here 24/7. Business Trends . In this article, we will explore the history, evolution . call has been rescheduled to today from its originally scheduled date of Decide on what kind of signature to create. merchandising programs, mature local sourcing capabilities and track He is responsible for field operations across the country, including all financial (P&L) results. She is a graduate of Indiana University with a bachelors in journalism. And, US Foods Mobile allows operators to check, edit, create new orders and track deliveries on their mobile or tablet device. 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. restaurants and foodservice operators to help their businesses succeed. Dave Flitman joined US Foods as Chief Executive Officer and a member of the US Foods Board of Directors on Jan. 5, 2023. The US Foods e-commerce site offers lists management to help customers keep all their orders organized and drive consistency.. Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. But how can we avoid something that seems such a normal part of our everyday lives? Add the rice and cook for 2/3 mins, then add the fresh chopped tomatoes. announcement of the acquisition on the ability of SGAs Food Group of At Shamrock Foods, we're dedicated to delivering more than just quality food. 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.. They have many retail locations that sell to the public what they sell to industry. 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. 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. One of our company strategies is to become the Best in Food Service and that starts with one great customer experience at a time. statements include, but are not limited to, statements about the Matheu, 847-720-2392Sara.Matheu@usfoods.comorSGA We provide the resources, the technology, and the people to support your business at every step of the way. After all, doing more than the competition isn't just a goal - it's a promise. Check Business Tools. 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. Keep up-to-date with our latest products and recipes. In addition to his previous experience as a director of Builders FirstSource and BMC Stock Holdings, Dave also has been a director since 2017 at Veritiv Corporation, a leading packaging distribution company, where he is currently a member of the Audit and Finance Committee and chair of the Compensation and Leadership Development Committee. Its about working with a team dedicated to you and your customers. Visit www.usfoods.com to learn more. The conference call can be accessed live over the phone by dialing Our employees share a genuine concern for quality and . including independent and chain foodservice operators. ROSEMONT, Ill.--(BUSINESS WIRE)-- It is one of the Big Five American . 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. Previously, she spent four years as managing editor and executive editor of Snack Food & Wholesale Bakery and Dairy Foods, both sister publications. Many of the products highlighted in this Scoop launch are also part of our Serve Good sustainable product portfolio. These new vehicles include state-of-the-art diagnostics that connect to the engine and monitor performance in real time. Commission on February 27, 2018. From quality assurance to innovative trends, weve got you covered. Gross profit as a percentage of Net sales was 15.8%. PLEASE APPLY DIRECTLY THROUGH OUR INTERNAL WORKDAY CAREER SITE. ROSEMONT, Ill. & SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- 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. As one of America's leading food distributors, we'll provide everything you need. He joined US Foods in 2017. US Foods SGAs Food Group of Companies is an ideal fit. - Formerly AOL Advertising/Verizon Media/Oath. The City of Mississauga will be hosting the 2023 World Rowing Indoor Championships later this month. US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. During the fiscal year the Company reduced total debt by $737 million, reduced the amount of secured debt in its portfolio and extended tenor. Get inspiration delivered to your Inbox. US Foods new CHECK Business Tools program helps operators make sense of all of the technology solutions to help drive traffic, simplify staffing and reduce waste. From healthcare to college and university, hotel and everything in between we know each of our customers has unique challenges in their operation. Locations. What does that mean? We also strive to use locally sourced and recycled content furnishings and building materials when we are building a new facility from the ground up. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. termination of the purchase agreement, (2) the risk that the necessary 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. 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. People gather around a table to break bread. 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). 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. and uncertainties that could cause actual results to differ from those ** Roughly 99% of your body's total magnesium content is stored in yo https://www.businesswire.com/news/home/20220216006316/en/, INVESTOR CONTACT: Your job seeking activity is only visible to you. 2013 - 20152 years. Tell us about yourself and your business I help companies launch and grow with my team at Special Sauce. The event taking place at the Paramount Fine Foods . USANA is internationally recognized for high-quality, science-based nutritional supplements, healthy foods, personal care products, and skincare products. Diluted EPS was $0.26; Adjusted Diluted EPS was $0.38. of leveraging technology and private brands to meet customer needs, Thanks to the efforts of our associates, we stayed true to our promise to help our customers Make It," said CEO Pietro Satriano. 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. US Foods Holding Corp. (NYSE: USFD) and Services Group of America today We help YOU make it! approximately 40% of its net sales base, and employs a forward-thinking US Foods will finance the acquisition primarily with $1.5 billion in Includes the changes in the reserve for doubtful accounts expense reflecting the collection risk associated with our customer base as a result of the COVID-19 pandemic. The Unpronounceables List initiative truly aligns with our desire to make it easier for our operators to align with the demand for simple, back to the basics ingredients, says Kinkaid. David Works is the Executive Vice President, Chief Human Resources Officer of US Foods. 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. Keep up-to-date with our latest products and recipes. Youve got tight margins. value to our shareholders., Services Group of America Executive Vice President and COO Slade Stewart 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 weeks in the full fiscal year 2020. available later that same day. 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. Were excited to get to know you and your business needs. Highly Responsible Service. record of operational excellence will be strong additions to our Magnesium, an abundant mineral in the body, is naturally present throughout nature and in many of the foods that we eat. Skip to Content. 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. The business aspect of it is challenging, highly-regulated, and fast-paced. He also leads the companys cash and carry channel, which includes 80 CHEFSTORE locations. In August, US Foods launched US Foods Direct, an exclusive e-commerce platform that 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. Become a Customer ; Supporting Your Growth and Success. SGAs Food Group of Companies is comprised of five businesses providing 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.