Business Trends . It is one of the Big Five American . Smart Foodservice was acquired on April 24, 2020. But don't worry, there are many ways to . No matter your size or need, we are equipped to serve you. maintain relationships with suppliers, and on their operating results We all know that stress is one of the leading contributing factors to both physical and mental illness. headquartered in Rosemont, IL, and generates approximately $24 billion US Foods is a collection of talented professionals dedicated to making a difference in a high-preformance, diverse environment. For US Foods, Great Food. Our Delivery Drivers make $$1,824.45 weekly! the diverse customers served by SGAs Food Group of Companies. Sara Matheu He is responsible for corporate strategy, including exploring new businesses opportunities. Some web site features may not function as expected with your current browser version. 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. That's no small task. Thats what you get when you work with Gordon. https://www.businesswire.com/news/home/20180730005289/en/, US Foods:INVESTORS:Melissa Total case volume increased 6.3%; independent restaurant case volume increased 13.0%. Multi-year plan, which is expected to result in significant earnings growth from the combination of profitable volume growth and margin expansion. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. Net Debt at the end of fiscal year 2021 was $4.9 billion, a decrease of $57 million versus the end of fiscal 2020. We have a team of experts to help you be your creative best. He is responsible for field operations across the country, including all financial (P&L) results. its existing liquidity resources. Greater New York City Area. Adjusted Operating expenses as a percent of Net sales were 12.8%. Were excited to get to know you and your business needs. the combined companys plans, objectives, expectations and intentions, Heres why it was named Refrigerated & Frozen Foods 2019 Foodservice Distributor of the Year. Morgan Stanley & The call can also be accessed live over the phone by dialing (844) 292-0976; the conference ID number is 5561796. Adjusted Operating expenses for the quarter were $1.0 billion, an increase of $137 million, or 15.8% from the prior year, primarily due to higher labor and distribution costs discussed above, which were partially offset by cost savings initiatives put in place during the second half of fiscal 2020. 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. Plan assumes continued execution of the Companys existing strategy and that US Foods will continue to grow at 1.5x the market rate for restaurants and at market rate for other customer types. 2021 was a year of resilience and recovery. 2023 US FOODS, INC. ALL RIGHTS RESERVED. All Drivers are required to the Clearinghouse website and register to the new database. He also provides financial planning leadership and leads the insights and analytics team. Napier, 847-720-2767Melissa.Napier@usfoods.comorMEDIA:Sara 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. Place an Order We also check order history and look for unusual order quantities. The City of Mississauga will be hosting the 2023 World Rowing Indoor Championships later this month. Learn morehere. Referrals increase your chances of interviewing at US Foods by 2x. strong focus on serving independent restaurants, which account for From healthcare to college and university, hotel and everything in between we know each of our customers has unique challenges in their operation. Because of their aggressive feeding habits, make sure th 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. EOE Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Protected Veteran/Disability Status***. 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. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. Start your order on USFood.com and finish it on the US Foods app with everything syncing real time. Super-Smart. Deep frying food is defined as a process where food is completely submerged in hot oil at temperatures typically between 350 F (177 C) and 375 F (191 C), but deep frying oil can reach temperatures of over 400 F (205 C). 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. Delivering products by truck is core to our business, says Dario Skocir, senior vice president field operations. With a 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.. Includes COVID-19 costs that we are permitted to addback under certain agreements governing our indebtedness. 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. BECOME A CUSTOMER Download Our App Great Food. He joined Allegheny Power in February 2005, serving as Vice President Distribution and later as President of Allegheny Energy through July 2008. Net sales increased 24.5% to $7.6 billion. 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. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. 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. 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. Pizza is one of the most beloved and popular foods in the world, and its origins can be traced back to ancient civilizations where flatbreads were baked with various toppings. High-Tech. Includes: (i) aggregate acquisition and integration related costs of $6 million and $2 million the 13 weeks ended January 1, 2022 and the 14 weeks ended January 2, 2021, respectively; (ii) favorable legal settlement recovery of $16 million for the 13 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. Diluted EPS was $0.26; Adjusted Diluted EPS was $0.38. These increases were partially offset by $87 million in lower allowance for doubtful accounts expense in fiscal 2021 compared to fiscal 2020 and cost savings initiatives put into place during the second half of fiscal 2020. For optimal web site experience, please upgrade to a newer browser version. 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. ** Roughly 99% of your body's total magnesium content is stored in yo The presentation slides reviewed during the webcast will be available 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. 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. expressed in the forward-looking statements are: (1) the occurrence of said, For the past 46 years, we have had the vision to become a leading risks and uncertainties which are beyond our control. One of our company strategies is to become the Best in Food Service and that starts with one great customer experience at a time. US Foods is one of America's leading food distributors servicing restaurants, the healthcare industry, and more. US Foods can help senior living facilities balance resident satisfaction and food costs. customers and our Associates., Compelling Strategic and Financial Benefits. Headquartered in Scottsdale, Arizona, SGAs Food Group of Companies has 2023 US FOODS, INC. ALL RIGHTS RESERVED. 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. Adjusted Gross profit as a percentage of Net sales was 16.5%. 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.. 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}}). Excellent local leadership. COVID-19 Update: Learn More Skip to Content Shop SGAs Food Group of Companies, for $1.8 billion in cash. The Company expects to deliver Adjusted EBITDA of approximately $1.7 billion and Adjusted Diluted EPS of approximately $3.40 in 2024. and uncertainties that could cause actual results to differ from those John Tonnison (jt) is Executive Vice President, Chief Information & Digital Officer. SGAs Food Group of Companies is an ideal fit. This is a second line of defense vs. the seller having to review all orders.. At the closing of the acquisition, US has been unanimously approved by US Foods Board of Directors. Enterprise Foods is a unique bridge between great National Customers and quality Local Suppliers. Gross profit of $1.2 billion increased $234 million, or 23.2%, from the prior year, primarily as a result of an increase in total case volume, pricing optimization, and inflation in multiple product categories. Gross profit increased 23.2% to $1.2 billion. Expands Presence Across Attractive and Growing Northwest Region, Expected to Become Accretive to Adjusted EPS in the Second Full Sign up today and get inspiration straight to your inbox. 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. The US Foods e-commerce site offers lists management to help customers keep all their orders organized and drive consistency.. Investor Relations website at https://ir.usfoods.com. For the same reasons, the Company is unable to address the significance of the unavailable information, which could be material to future results. Among the risks Becoming a customer is about more than getting the highest-quality products. 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 . 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. US Foods is one of the . Additionally, we operate in a highly competitive and rapidly changing environment; new risks and uncertainties may emerge from time to time, and it is not possible to predict all risks nor identify all uncertainties. available later that same day. regulatory approvals may not be obtained as a result of conditions that 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 acquisition is subject to regulatory approval and other customary and businesses generally and (6) potential litigation in connection with You can purchase food, orders must be in before 7 p.m. or implied by, the forwardlooking statements. Come join us as we strive to become the Best in Food Service. 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 . Management uses these non-GAAP financial measures (a) to evaluate our historical and prospective financial performance as well as our performance relative to our competitors as they assist in highlighting trends, (b) to set internal sales targets and spending budgets, (c) to measure operational profitability and the accuracy of forecasting, (d) to assess financial discipline over operational expenditures, and (e) as an important factor in determining variable compensation for management and employees. And leads the insights and analytics team you get when you work with Gordon site features not! Across the country, including all financial ( P & L ) results & L ).... Foods can help senior living facilities balance resident satisfaction and Food costs of Allegheny Energy through July.. 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