US Foods

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

Retrieved on: 
Monday, March 18, 2024
Men, Family, Restaurant, Bar, Fitness & Nutrition, Millennials, Consumer, Lifestyle, Publishing, Packaging, Food, Beverage, Generation Z, Generation X, Communications, Manufacturing, Retail, Other Consumer, Women, Sprouts, Flour, Garlic, Taste, Head, FD, Fungus, US Foods, FD&C, MSG, Plant, Cheese, Honey, Multimedia, Metro

US Foods Holding Corp. (NYSE: USFD) – one of America’s leading food service distributors – announced today the launch of its Spring 2024 Scoop™.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD) – one of America’s leading food service distributors – announced today the launch of its Spring 2024 Scoop™.
  • “With Spring Scoop, we’ve delivered a variety of on-trend, high-quality products that can meet specific preferences, while also appealing to all diners regardless of their dietary or lifestyle choices.
  • Most importantly, all products help save operators back-of-house labor and are highly versatile without sacrificing flavor.”
    US Foods “Serve You” products appeal to diners who want more personalization given their dietary and lifestyle preferences are great tasting and can work across a variety of menu options.
  • To view all the new products featured in Spring Scoop, visit the company’s Scoop webpage at usfoods.com/springscoop .

First National Realty Partners Finalizes Significant Lease with US Foods CHEF'STORE in Sandy Springs, Georgia

Retrieved on: 
Thursday, March 14, 2024
FNRP, Acquisition, Tenant, Planet Fitness, US Foods, Commercial property

SANDY SPRINGS, Ga., March 14, 2024 /PRNewswire/ -- First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, executed a 28,000-square-foot lease with US Foods CHEF'STORE at City Center Crossing in Sandy Springs, Georgia.

Key Points: 
  • SANDY SPRINGS, Ga., March 14, 2024 /PRNewswire/ -- First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, executed a 28,000-square-foot lease with US Foods CHEF'STORE at City Center Crossing in Sandy Springs, Georgia.
  • This not only marks the first CHEF'STORE in the Atlanta area and in FNRP's portfolio, but it exemplifies the strength of the Sandy Springs submarket and FNRP's dedication to maximizing the value of its acquisitions.
  • "FNRP's commitment to strategic acquisitions and proactive leasing strategies continues to deliver exceptional results," said David Roth, vp of leasing.
  • From acquisition to disposition, FNRP oversees the entire investment lifecycle 100% in-house, leveraging top talent in legal, acquisitions, leasing, and other key areas.

Finance Veteran John Hyun Joins Grabango as CFO, as Leading Checkout-Free Tech Provider Expands Globally

Retrieved on: 
Tuesday, March 5, 2024
Technology, Department Stores, Other Retail, Supermarket, Software, Convenience Store, Data Management, Retail, Consumer Electronics, Artificial Intelligence, CFO, Kroger, Multimedia, Harry & David, ROI, US Foods, Provinces of Korea, Rocket Lawyer, Sale, Nike, 7-Eleven, IPO, Software as a service, Copec, YuMe

John Hyun has joined Grabango as Chief Financial Officer, bringing decades of software industry finance and operations experience.

Key Points: 
  • John Hyun has joined Grabango as Chief Financial Officer, bringing decades of software industry finance and operations experience.
  • Hyun has led multiple financing, IPO and M&A transactions representing more than $6 billion in value.
  • Grabango uses computer vision to identify every item in the store and to know where each is at all times.
  • Hyun was previously VP Finance at Rocket Lawyer, a fast-growing SaaS legal tech company, and YuMe, a leading video advertising technology provider, where he helped lead IPO readiness.

US Foods Doubles Down on Community Giving Support With Nearly $2 Million in Additional Funding

Retrieved on: 
Monday, March 4, 2024
Food, Beverage, Defense, Retail, Other Philanthropy, Supply Chain Management, Environmental, Social and Governance (ESG), Social Services, Fund Raising, Foundation, Professional Services, Fitness & Nutrition, Philanthropy, General Health, Health, Military, Other Education, Continuing, Education, Disaster, Feeding America, Student, Occupational Outlook Handbook, US Foods, Roadmap, American Red Cross, Cooking, Employment, Red, Hunger, Tourism

The additional dollars will enable new and innovative initiatives across the company’s three strategic community giving pillars: hunger relief, culinary education and disaster relief.

Key Points: 
  • The additional dollars will enable new and innovative initiatives across the company’s three strategic community giving pillars: hunger relief, culinary education and disaster relief.
  • US Foods associates will continue their integral role in supporting the program through year-round volunteer events.
  • Amid rising food costs, 44 million people, including more than 13 million children, face hunger in the United States1.
  • Since its launch, the program has awarded more than $1.7 million in scholarships to nearly 90 students.

Scott Ferguson Steps Down From US Foods Board of Directors, Noting Confidence in Company Leadership and Strategy

Retrieved on: 
Thursday, February 29, 2024
Supply Chain Management, Retail, Food, Beverage, US Foods, Management, Chairperson, Partner (business rank)

Ferguson has been a member of the Company’s Board of Directors since March 2022.

Key Points: 
  • Ferguson has been a member of the Company’s Board of Directors since March 2022.
  • “US Foods has made impressive progress over the past few years, and I am confident that the company is positioned for further success under the strategic leadership of CEO Dave Flitman,” said Ferguson.
  • I believe the company’s future is bright.”
    “Scott has been an invaluable and collaborative member of our Board for the past two years,” added Robert Dutkowsky, Chair of the Board, US Foods.
  • “He brought fresh perspective and insights to our discussions, and I am thankful for his service and dedication to US Foods.”

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

Retrieved on: 
Tuesday, February 20, 2024
Online Retail, Retail, Restaurant, Bar, Supermarket, Specialty, Food, Beverage, Georgia State Route 9, Multimedia, NW, US Foods, Cornell Road, Meat, Drink

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.

Key Points: 
  • 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.
  • The Hickory store, located at 521 U.S. Highway 70 SW., will be the fifth CHEF’STORE in North Carolina.

FleetNet America by Cox Automotive is Changing the Game for Fleets Everywhere

Retrieved on: 
Thursday, February 22, 2024
AVP, American Trucking Associations, Running, US Foods, Communication, Safety, Cox Enterprises, Failure

ATLANTA, Feb. 22, 2024 /PRNewswire/ -- One year after joining Cox Automotive, FleetNet America will share how it's evolving the maintenance experience for fleets at this year's Technology & Maintenance Council Meeting in New Orleans from March 4-7, 2024.

Key Points: 
  • ATLANTA, Feb. 22, 2024 /PRNewswire/ -- One year after joining Cox Automotive, FleetNet America will share how it's evolving the maintenance experience for fleets at this year's Technology & Maintenance Council Meeting in New Orleans from March 4-7, 2024.
  • FleetNet is proud to offer the nation's largest network of vetted service providers and industry-leading 24/7/365 customer service.
  • Its exceptional size, reach, and quality standards enable FleetNet America to provide prompt and dependable service to clients throughout North America, ensuring that their fleets operate efficiently and with minimal downtime.
  • For more information about FleetNet America or to speak with someone from the team during TMC, please reach out to Brooke Murray at [email protected] .

US Foods Reports Fourth Quarter and Fiscal Year 2023 Earnings

Retrieved on: 
Thursday, February 15, 2024
Food, Beverage, Retail, CFO, Acquisition, CST, Investment, Net, Share repurchase, IWC, US Foods, Health, Debt, Growth, ID, Adjustment, GAAP, Information technology, Webcast, Foodservice, EPS, Fiscal, Saladino, Security (finance)

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

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2023.
  • Net Debt at the end of fiscal year 2023 was $4.4 billion, a decrease of $238 million versus the end of fiscal 2022.
  • During the fourth quarter of fiscal 2023, the Company acquired Saladino's Foodservice, an independently owned broadline distributor based in central California for a purchase price of $56 million.
  • US Foods will host a live webcast to discuss fourth quarter and fiscal year 2023 results on February 15, 2024 at 8 a.m. CST.

Sysco Reports Second Quarter EPS Growth, Driven By Increasing Volumes and Positive Operating Leverage

Retrieved on: 
Tuesday, January 30, 2024
EPS, COVID-19, Meat, Growth, GAAP, News, Sysco, Tax, Capital expenditure, COVID, Ageing, Depreciation, Acquisition, US Foods, Share repurchase, SYY

“Second quarter results included adjusted EPS growth of over 11%, fueled by sales and volume growth, combined with positive operating leverage, as we continue to effectively manage margins.

Key Points: 
  • “Second quarter results included adjusted EPS growth of over 11%, fueled by sales and volume growth, combined with positive operating leverage, as we continue to effectively manage margins.
  • “Our second quarter operating profit included our fifth consecutive quarter of positive operating leverage, as gross profit expanded at a faster rate than operating expenses.
  • Foreign exchange rates increased both International Foodservice Operations operating expenses by 4.1% and total Sysco operating expenses by 0.9% during the quarter.
  • Foreign exchange rates increased both International Foodservice Operations operating income by 2.3% and total Sysco operating income by 0.2% during the quarter.

UP TO DATE LAUNDRY DRIVERS VOTE UNANIMOUSLY TO JOIN TEAMSTERS

Retrieved on: 
Friday, February 2, 2024
Local, US Foods, Transport, International Brotherhood of Teamsters, Mid-Atlantic (United States), Woman, Hospital, Food delivery

BALTIMORE, Feb. 2, 2024 /PRNewswire/ -- Drivers at Up To Date Laundry in Baltimore have voted unanimously to join Teamsters Local 355.

Key Points: 
  • BALTIMORE, Feb. 2, 2024 /PRNewswire/ -- Drivers at Up To Date Laundry in Baltimore have voted unanimously to join Teamsters Local 355.
  • "When I first met Up To Date Laundry drivers, they were working 60 to 65 hours a week and never received a penny of overtime.
  • Up To Date Laundry is one of the largest health care laundries on the East Coast, processing 70 million pounds of linen each year.
  • "We knew we were not getting a fair shake, so we reached out to the Teamsters for assistance," said Jamon Conway, a 13-year veteran driver at Up To Date Laundry.