Latest news with #DaveFlitman
Yahoo
20-05-2025
- Business
- Yahoo
US Foods to Present at the Deutsche Bank Access Global Consumer Conference 2025
ROSEMONT, Ill., May 20, 2025--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) announced today that Dave Flitman, Chief Executive Officer, and Dirk Locascio, Chief Financial Officer, will participate in a fireside chat at the Deutsche Bank Access Global Consumer Conference in Paris, France on Thursday, June 5, at 2:15 a.m. CDT or 9:15 a.m. CEST. Media and investors can listen to a live audio webcast by visiting the Investor Relations page of the company's website at A replay of the webcast will be available later that same day. About US Foods With a promise to help its customers Make It, US Foods is one of America's great food companies and a leading foodservice distributor, partnering with approximately 250,000 customer locations to help their businesses succeed. With more than 70 broadline locations and more than 90 cash and carry stores, US Foods and its 30,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit to learn more. View source version on Contacts INVESTOR CONTACT:Mike MEDIA CONTACT:Sara
Business Wire
20-05-2025
- Business
- Business Wire
US Foods to Present at the Deutsche Bank Access Global Consumer Conference 2025
ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) announced today that Dave Flitman, Chief Executive Officer, and Dirk Locascio, Chief Financial Officer, will participate in a fireside chat at the Deutsche Bank Access Global Consumer Conference in Paris, France on Thursday, June 5, at 2:15 a.m. CDT or 9:15 a.m. CEST. Media and investors can listen to a live audio webcast by visiting the Investor Relations page of the company's website at A replay of the webcast will be available later that same day. About US Foods With a promise to help its customers Make It, US Foods is one of America's great food companies and a leading foodservice distributor, partnering with approximately 250,000 customer locations to help their businesses succeed. With more than 70 broadline locations and more than 90 cash and carry stores, US Foods and its 30,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit to learn more.
Business Wire
08-05-2025
- Business
- Business Wire
US Foods Reports First Quarter Fiscal Year 2025 Earnings
ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the first quarter of fiscal year 2025. First Quarter Fiscal 2025 Highlights 'During the first quarter we outperformed the industry and again delivered strong profitability, with Adjusted EBITDA growing 9% and Adjusted Diluted EPS increasing 26%, despite the challenging operating environment and weather-related headwinds. Our results speak to the strength of our customer value proposition and relentless execution of our strategy,' said Dave Flitman, CEO. 'We are delivering consistent share gains with our target customer types, including our 16th consecutive quarter of growth with independent restaurants and 18th consecutive quarter of growth with healthcare.' Flitman added, 'Our focused strategy, combined with our ability to drive improved profitability through controlling what we can control, highlight the resilience of our business model and our ability to adjust to any macro environment. I thank our associates for their hard work and dedication supporting our customers and executing our strategy. Despite near-term macro uncertainty, I remain confident that we will deliver on our 2025 guidance of 8% to 12% Adjusted EBITDA growth and 17% to 23% Adjusted Diluted EPS growth.' 'We again delivered operating leverage improvement, as Adjusted Gross Profit grew faster than Adjusted Operating Expenses, which was driven by our self-help initiatives,' added Dirk Locascio, CFO. 'We remain focused on effective execution of our initiatives aimed at expanding margins, delivering strong earnings growth and generating substantial cash flow, which drives our confidence in achieving our long-range plan.' 'I am also excited to announce that our Board authorized a new $1 billion share repurchase program, which demonstrates our commitment to return capital to shareholders. Enabled by our strong cash flow and capital structure, we expect to return to more meaningful share repurchases in the second quarter and the balance of the year.' First Quarter Fiscal Year 2025 Results Total case volume increased 1.1% from the prior year driven by a 2.5% increase in independent restaurant case volume, a 6.1% increase in healthcare volume and a 3.6% increase in hospitality volume, partially offset by a 4.3% decrease in chain volume. Total organic case volume increased 0.1%, which includes 1.3% organic independent restaurant case volume growth. Net sales of $9.4 billion for the quarter increased 4.5% from the prior year, driven by case volume growth and food cost inflation of 3.0%. Gross profit of $1.6 billion increased by $119 million, or 8.0%, from the prior year, primarily as a result of an increase in total case volume, improved cost of goods sold, pricing optimization and a favorable year-over-year LIFO adjustment. Gross profit as a percentage of net sales was 17.3%. Adjusted Gross profit was $1.6 billion, an increase of $79 million, or 5.1% from the prior year. Adjusted Gross profit as a percentage of net sales was 17.3%. Operating expenses of $1.4 billion increased by $60 million, or 4.5%, from the prior year, primarily as a result of an increase in total case volume and higher distribution, selling and administrative costs, partially offset by continued distribution productivity improvement as well as actions to streamline administrative processes and costs. Operating expenses as a percentage of net sales were 14.9%. Adjusted Operating expenses were $1.2 billion, an increase of $46 million, or 3.9% from the prior year. Adjusted Operating expenses as a percentage of net sales were 13.2%. Net income of $115 million, increased by $33 million, or 40.2%, from the prior year. Net income margin was 1.2%, an increase of 31 basis points compared to the prior year. Adjusted EBITDA of $389 million, increased by $33 million, or 9.3%, from the prior year. Adjusted EBITDA margin was 4.2%, an increase of 18 basis points compared to the prior year. Diluted EPS was $0.49; Adjusted Diluted EPS was $0.68. Cash Flow and Debt Cash flow provided by operating activities for the first three months of fiscal year 2025 was $391 million, an increase of $252 million from the prior year due to changes in operating assets and liabilities. Cash capital expenditures for the first three months of fiscal year 2025 totaled $84 million, a decrease of $3 million from the prior year, related to investments in information technology, property and equipment and maintenance of distribution facilities. Net Debt at the end of the first quarter fiscal year 2025 was $4.7 billion. The ratio of Net Debt to Adjusted EBITDA was 2.7x at the end of the first quarter of fiscal year 2025, compared to 2.8x at the end of fiscal year 2024. During the first quarter of fiscal year 2025, the Company repurchased 328,000 shares of common stock at an aggregate purchase price of approximately $23 million. The Company had approximately $52 million in remaining funds authorized under its existing $1 billion share repurchase program as of the end of the first quarter of fiscal year 2025. On May 7, 2025, the Board authorized a new share repurchase program of up to $1 billion. M&A Update During the first quarter of fiscal 2025, the Company acquired Jake's Finer Foods, a broadline distributor located in Houston, Texas for a purchase price of $92 million. The acquisition was funded with cash on hand and closed on January 10, 2025. Outlook for Fiscal Year 2025 1 The Company is reaffirming its Fiscal Year 2025 guidance provided on February 13, 2025 of: Net Sales growth of 4% to 6% Adjusted EBITDA growth of 8% to 12% Adjusted Diluted EPS growth of 17% to 23% Conference Call and Webcast Information US Foods will host a live webcast to discuss the first quarter of fiscal year 2025 results on Thursday, May 08, 2025, at 8 a.m. CDT. The call can also be accessed live over the phone by dialing (877) 344-2001; the conference ID number is 2528845. Presentation slides will be available shortly before the webcast begins. The webcast, slides, and a copy of this press release can be found in the Investor Relations section of our website at About US Foods With a promise to help its customers Make It, US Foods is one of America's great food companies and a leading foodservice distributor, partnering with approximately 250,000 customer locations to help their businesses succeed. With more than 70 broadline locations and more than 90 cash and carry stores, US Foods and its 30,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit to learn more. ____________________ 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 activity 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 divestiture costs and diluted earnings per share. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the guidance periods. For the same reasons, the Company is unable to address the significance of the unavailable information, which could be material to future results. Expand Forward-Looking Statements Statements in this press release which are not historical in nature, including those under the heading 'Outlook for Fiscal Year 2025,' are 'forward-looking statements' within the meaning of the federal securities laws. These statements often include words such as 'believe,' 'expect,' 'project,' 'anticipate,' 'intend,' 'plan,' 'outlook,' 'estimate,' 'target,' 'seek,' 'will,' 'may,' 'would,' 'should,' 'could,' 'forecast,' 'mission,' 'strive,' 'more,' 'goal,' or similar expressions (although not all forward-looking statements may contain such words) and are based upon various assumptions and our experience in the industry, as well as historical trends, current conditions, and expected future developments. 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, many of which are beyond our control, 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; 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; the impact of climate change or related legal, regulatory or market measures; impairment charges for goodwill, indefinite-lived intangible assets or other long-lived assets; the impact of governmental regulations; product recalls and product liability claims; our reputation in the industry; labor relations and increased labor costs and continued access to qualified and diverse labor; indebtedness and restrictions under agreements governing our indebtedness; interest rate increases; disruption of existing technologies and implementation of new technologies; cybersecurity incidents and other technology disruptions; risks associated with intellectual property, including potential infringement; effective consummation of pending acquisitions and effective integration of acquired businesses; potential costs associated with shareholder activism; changes in tax laws and regulations and resolution of tax disputes; certain provisions in our governing documents; health and safety risks to our associates and related losses; adverse judgments or settlements resulting from litigation; extreme weather conditions, natural disasters and other catastrophic events; and management of retirement benefits and pension obligations. For a detailed discussion of these risks, uncertainties and other factors that could cause our actual results to differ materially from those anticipated or expressed in any forward-looking statements, see the section entitled 'Risk Factors' in US Foods' Annual Report on Form 10-K for the fiscal year ended December 28, 2024 filed with the Securities and Exchange Commission ('SEC') on February 13, 2025. Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Company with the SEC, which are available on the SEC's website at 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. 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. We undertake no obligation to update or revise any forward-looking statements, except as may be required by law. Non-GAAP Financial Measures We report our financial results in accordance with U.S. generally accepted accounting principles ('GAAP'). However, Adjusted Gross profit, Adjusted Operating expenses, EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Net Debt, Adjusted Net income and Adjusted Diluted EPS are non-GAAP financial measures regarding our operational performance and liquidity. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. 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. Adjusted Gross profit is Gross profit adjusted to remove the impact of the LIFO inventory reserve adjustments. Adjusted Operating expenses are Operating expenses adjusted to exclude amounts that we do not consider part of our core operating results when assessing our performance. We believe EBITDA, Adjusted EBITDA and Adjusted EBITDA margin provide meaningful supplemental information about our operating performance because they exclude amounts that we do not consider part of our core operating results when assessing our performance. EBITDA is Net income (loss), plus Interest expense-net, Income tax provision (benefit), and Depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for (1) Restructuring activity 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. Adjusted EBITDA margin is Adjusted EBITDA divided by total net sales. We use Net Debt as a supplemental measure to GAAP measures to review the liquidity of our operations. Net Debt is defined as total debt net of total Cash, cash equivalents and restricted cash remaining on the balance sheet as of the end of the most recent fiscal quarter. We believe that Net Debt is a useful financial metric to assess our ability to pursue business opportunities and investments. Net Debt is not a measure of our liquidity under GAAP and should not be considered as an alternative to Cash Flows Provided by Operations or Cash Flows Used in Financing Activities. We believe that Adjusted Net income 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. Adjusted Net income is Net income (loss) excluding such items as restructuring activity and asset impairment charges, Share-based compensation expense, the non-cash impacts of LIFO reserve adjustments, amortization expense, loss on extinguishment of debt, Business transformation costs and other items, and adjusted for the tax effect of the exclusions and discrete tax items. We believe that Adjusted Net income 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. 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 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. We also believe that the presentation of Adjusted EBITDA, Adjusted EBITDA margin and Adjusted Diluted Earnings per Share is useful to investors because these metrics may be used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies in our industry. 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. EBITDA and Adjusted EBITDA are also used in connection with certain covenants and restricted activities under the agreements governing our indebtedness. We also believe these and similar non-GAAP financial measures are frequently used by securities analysts, investors, and other interested parties to evaluate companies in our industry. We caution readers that our definitions of Adjusted Gross profit, Adjusted Operating expenses, EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Net Debt, Adjusted Net income and Adjusted Diluted EPS may not be calculated in the same manner as similar measures used by other companies. 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. US FOODS HOLDING CORP. Consolidated Statements of Operations (Unaudited) For the 13 weeks ended ($ in millions, except share and per share data) March 29, 2025 March 30, 2024 Net sales $ 9,351 $ 8,949 Cost of goods sold 7,737 7,454 Gross profit 1,614 1,495 Distribution, selling and administrative costs 1,385 1,317 Restructuring activity and asset impairment charges 5 13 Total operating expenses 1,390 1,330 Operating income 224 165 Other income—net (1 ) (1 ) Interest expense—net 77 79 Income before income taxes 148 87 Income tax provision 33 5 Net income $ 115 $ 82 Net income per share Basic $ 0.50 $ 0.33 Diluted $ 0.49 $ 0.33 Weighted-average common shares outstanding Basic 230,502,341 245,062,815 Diluted 234,181,469 248,474,916 Expand US FOODS HOLDING CORP. Consolidated Statements of Cash Flows (Unaudited) For the 13 weeks ended ($ in millions) March 29, 2025 March 30, 2024 Cash flows from operating activities: Net income $ 115 $ 82 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 112 105 Deferred tax provision 8 5 Share-based compensation expense 22 15 Provision for doubtful accounts 9 7 Other non-cash activities 3 3 Changes in operating assets and liabilities: Increase in receivables (174 ) (173 ) Decrease (increase) in inventories 120 (20 ) Increase in prepaid expenses and other assets (13 ) (1 ) Increase in accounts payable and cash overdraft liability 190 221 Decrease in accrued expenses and other liabilities (1 ) (105 ) Net cash provided by operating activities 391 139 Cash flows from investing activities: Proceeds from sales of property and equipment 1 1 Proceeds from divestitures 38 — Purchases of property and equipment (84 ) (87 ) Cash paid for acquisitions (85 ) — Net cash used in investing activities (130 ) (86 ) Cash flows from financing activities: Principal payments on debt and financing leases (1,907 ) (457 ) Principal payments on debt repricing — (14 ) Proceeds from debt repricing — 14 Proceeds from debt borrowings 1,737 426 Repurchase of common stock (23 ) (13 ) Debt financing costs and fees — (1 ) Proceeds from employee stock purchase plan 6 5 Proceeds from exercise of stock options 1 5 Tax withholding payments for net share-settled equity awards (33 ) (20 ) Net cash used in financing activities (219 ) (55 ) Net increase (decrease) in cash, cash equivalents and restricted cash 42 (2 ) Cash, cash equivalents and restricted cash—beginning of period 59 269 Cash, cash equivalents and restricted cash—end of period $ 101 $ 267 Supplemental disclosures of cash flow information: Interest paid—net of amounts capitalized $ 92 $ 93 Income taxes paid—net 4 5 Property and equipment purchases included in accounts payable 41 20 Leased assets obtained in exchange for financing lease liabilities 45 56 Leased assets obtained in exchange for operating lease liabilities 48 7 Cashless exercise of stock options — 4 Expand US FOODS HOLDING CORP. Non-GAAP Reconciliation (Unaudited) For the 13 weeks ended ($ in millions, except share and per share data) March 29, 2025 March 30, 2024 Change % Net income and Net income margin (GAAP) $ 115 1.2 % $ 82 0.9 % $ 33 40.2 % Interest expense—net 77 79 (2 ) (2.5 )% Income tax provision 33 5 28 NM Depreciation expense 98 93 5 5.4 % Amortization expense 14 12 2 16.7 % EBITDA and EBITDA margin (Non-GAAP) 337 3.6 % 271 3.0 % 66 24.4 % Adjustments: Restructuring activity and asset impairment charges (1) 5 13 (8 ) (61.5 )% Share-based compensation expense (2) 22 15 7 46.7 % LIFO reserve adjustment (3) 5 45 (40 ) (88.9 )% Business transformation costs (4) 7 9 (2 ) (22.2 )% Business acquisition, integration related costs, divestitures and other (5) 13 3 10 NM Adjusted EBITDA and Adjusted EBITDA margin (Non-GAAP) 389 4.2 % 356 4.0 % 33 9.3 % Depreciation expense (98 ) (93 ) (5 ) 5.4 % Interest expense—net (77 ) (79 ) 2 (2.5 )% Income tax provision, as adjusted (6) (55 ) (50 ) (5 ) 10.0 % Adjusted Net income (Non-GAAP) $ 159 $ 134 $ 25 18.7 % Diluted EPS (GAAP) $ 0.49 $ 0.33 $ 0.16 48.5 % Restructuring activity and asset impairment charges (1) 0.02 0.05 (0.03 ) (60.0 )% Share-based compensation expense (2) 0.09 0.06 0.03 50.0 % LIFO reserve adjustment (3) 0.02 0.18 (0.16 ) (88.9 )% Business transformation costs (4) 0.03 0.04 (0.01 ) (25.0 )% Business acquisition, integration related costs, divestitures and other (5) 0.06 0.01 0.05 NM Income tax provision, as adjusted (6) (0.03 ) (0.13 ) 0.10 (76.9 )% Adjusted Diluted EPS (Non-GAAP) (7) $ 0.68 $ 0.54 $ 0.14 25.9 % Weighted-average diluted shares outstanding (Non- GAAP) (8) 234,181,469 248,474,916 Gross profit (GAAP) $ 1,614 $ 1,495 $ 119 8.0 % LIFO reserve adjustment (3) 5 45 (40 ) (88.9 )% Adjusted Gross profit (Non-GAAP) $ 1,619 $ 1,540 $ 79 5.1 % Operating expenses (GAAP) $ 1,390 $ 1,330 $ 60 4.5 % Depreciation expense (98 ) (93 ) (5 ) 5.4 % Amortization expense (14 ) (12 ) (2 ) 16.7 % Restructuring activity and asset impairment charges (1) (5 ) (13 ) 8 (61.5 )% Share-based compensation expense (2) (22 ) (15 ) (7 ) 46.7 % Business transformation costs (4) (7 ) (9 ) 2 (22.2 )% Business acquisition, integration related costs, divestitures and other (5) (13 ) (3 ) (10 ) NM Adjusted Operating expenses (Non-GAAP) $ 1,231 $ 1,185 $ 46 3.9 % Expand NM - Not Meaningful (1) Consists primarily of severance and related costs, organizational realignment costs and asset impairment charges. (2) Share-based compensation expense for expected vesting of stock awards and employee stock purchase plan. (3) Represents the impact of LIFO reserve adjustments. (4) Transformational costs represent non-recurring expenses prior to formal launch of strategic projects with anticipated long-term benefits to the Company. These costs generally relate to third party consulting and non-capitalizable technology. For the 13 weeks ended March 29, 2025, business transformation costs related to projects associated with information technology infrastructure initiatives and related workforce efficiencies. For the 13 weeks ended March 30, 2024, business transformation costs related to projects associated with information technology infrastructure initiatives and related workforce efficiencies. (5) Includes: (i) aggregate acquisition, integration related costs and divestiture costs of $13 million and $3 million for the 13 weeks ended March 29, 2025 and March 30, 2024, respectively and (ii) other gains, losses or costs that we are permitted to addback for purposes of calculating Adjusted EBITDA under certain agreements governing our indebtedness. (6) Represents our income tax provision adjusted for the tax effect of pre-tax items excluded from Adjusted Net income and the removal of applicable discrete tax items. Applicable discrete tax items include changes in tax laws or rates, changes related to prior year unrecognized tax benefits, discrete changes in valuation allowances, and excess tax benefits associated with share-based compensation. The tax effect of pre-tax items excluded from Adjusted Net income is computed using a statutory tax rate after taking into account the impact of permanent differences and valuation allowances. (7) Adjusted Diluted EPS is calculated as Adjusted Net income divided by weighted average diluted shares outstanding (Non-GAAP). (8) For purposes of the Adjusted Diluted EPS calculation (Non-GAAP), when the Company has Net income (GAAP), weighted-average diluted shares outstanding (Non-GAAP) is used, and, when the Company has Net loss (GAAP), weighted-average diluted shares outstanding (GAAP) is used. Expand US FOODS HOLDING CORP. Non-GAAP Reconciliation Net Debt and Net Leverage Ratios ($ in millions, except ratios) March 29, 2025 December 28, 2024 March 30, 2024 Total Debt (GAAP) $ 4,805 $ 4,928 $ 4,701 Cash, cash equivalents and restricted cash (101 ) (59 ) (267 ) Net Debt (Non-GAAP) $ 4,704 $ 4,869 $ 4,434 Adjusted EBITDA (1) $ 1,774 $ 1,741 $ 1,578 Net Leverage Ratio (2) 2.7 2.8 2.8 Expand (1) Trailing Twelve Months (TTM) Adjusted EBITDA (2) Net Debt/TTM Adjusted EBITDA Expand
Business Wire
30-04-2025
- Business
- Business Wire
US Foods Increases Investment in Hunger Relief, Culinary Education and Disaster Relief Efforts by More Than 5-Fold Over the Last 2 Years
ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD), one of America's largest foodservice distributors, today announced an increased strategic investment by more than 5-fold over the last 2 years in support of the company's 2025 'Helping Communities Make It' programming. As communities face high rates of food insecurity, educational and job-training hardships, and the immediate and long-term consequences of natural disasters, this increased investment will enable new and expanded programming 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. 'We are proud to support the continued expansion of our 'Helping Communities Make It' programming aimed at harnessing the power of food to empower communities in need with nourishment and opportunity,' said Dave Flitman, CEO of US Foods. Share 'We are proud to support the continued expansion of our 'Helping Communities Make It' programming aimed at harnessing the power of food to empower communities in need with nourishment and opportunity,' said Dave Flitman, CEO of US Foods. 'As our roster of innovative community partnerships and initiatives continues to grow, we know we can make a meaningful difference in the communities we serve. We are honored to expand these important efforts and look forward to an impactful year of engaging community work.' The company now leverages nearly $4 million in support for the 'Helping Communities Make It' programming, aligned with its three strategic giving pillars: Hunger Relief: Eliminating hunger in the communities we serve New to the company's 2025 partner lineup is Rethink Food, a nonprofit organization that bridges the gap between restaurants with excess food and communities facing food insecurity. Rethink Food partners with local restaurants to purchase dignified meals made with surplus ingredients from restaurants that are then delivered to surrounding food-insecure communities. Since its launch in 2017, Rethink Food has directed more than $138 million in purchased meals to local restaurants, converted more than 2.7 million pounds of excess food into meals and distributed more than 30 million meals to food insecure communities across its Miami and New York networks. US Foods will be the exclusive flagship sponsor to bring Rethink Foods' innovative meal-making program to the Chicago area, home of US Foods' headquarters. The company will also broaden its support of military families—a group disproportionately impacted by food insecurity—with legacy partner, Military Family Advisory Network (MFAN). US Foods will further expand MFAN's Permanent Change of Station (PCS) Pantry Restock Box and Fresh Funds programs, which provide military families with groceries and economic resources during moves from base to base – when they are most vulnerable to food insecurity. Enhanced financial support will help MFAN optimize these programs for Texas military families stationed at Ft. Cavazos and support expanded programming in 2025 to Ft. Bliss, reaching more than 2,600 military families in 2025. Amid rising food costs, more than 47 million people, including nearly 14 million children, face hunger in the United States 1. This year, US Foods will continue to pursue innovative hunger-relief programming with its long-standing partner, Feeding America, providing direct support to its MealConnect ® program. MealConnect ® is a mobile application that helps donors, partner agencies, and food banks coordinate efforts by connecting ready-to-donate food with Feeding America's network of local non-profits in need. Since its launch in 2015, MealConnect ® has rescued more than 7 billion pounds of food. Culinary Education: Empowering the next generation of culinary talent The Bureau of Labor Statistics projects that there will be, on average, more than 24,000 openings for chefs and head cooks each year between 2023-2033 2, outpacing the average for all occupations. To help foster the industry's future workforce, US Foods will continue its signature scholarship program, US Foods Scholars. Since 2017, more than $2 million in scholarships has been provided to nearly 100 students pursuing degrees in culinary arts, baking and pastry, chef training, and hospitality management. The company plans to award 18 scholarships in 2025 totaling $360,000. Disaster Relief: Enabling communities to recover faster New in 2025 is the US Foods 'You Matter Fund', a company-funded associate assistance fund. The 'You Matter Fund' provides individual grants to qualified US Foods associates to enable faster recovery from consequential financial hardships and emergencies. In 2024, the country experienced 24 billion-dollar disasters that impacted tens of thousands of Americans. To help address this growing need, US Foods will continue to support the American Red Cross as a formal Red Cross Disaster Responder Program member, providing critical resources to help quickly mobilize before disaster strikes and offering year-round relief support. Associate Engagement This year, US Foods is launching its first-ever 'Dollars for Doers' program which rewards associate volunteer time with charitable funds that the associate can then donate to a charity of their choice. The company will also continue its associate engagement opportunities with three major company-wide giving events: Spring into Service, Hunger Action Month and 'Giving Gratitude' holiday drive. For more information about the company's commitment to Helping Communities Make It, visit About US Foods With a promise to help its customers Make It, US Foods is one of America's great food companies and a leading foodservice distributor, partnering with approximately 250,000 customer locations and foodservice operators to help their businesses succeed. With more than 70 broadline locations and more than 90 cash and carry stores, US Foods and its 30,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit to learn more.
Business Wire
23-04-2025
- Business
- Business Wire
US Foods to Present at the BMO Global Farm to Market Conference
ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) announced today that Dave Flitman, Chief Executive Officer, and Dirk Locascio, Chief Financial Officer, will participate in a fireside chat at the BMO Global Farm to Market Conference in New York on Wednesday, May 14, at 10:15 a.m. EDT. Media and investors can listen to a live audio webcast by visiting the Investor Relations page of the company's website at A replay of the webcast will be available later that same day. About US Foods With a promise to help its customers Make It, US Foods is one of America's great food companies and a leading foodservice distributor, partnering with approximately 250,000 customer locations to help their businesses succeed. With more than 70 broadline locations and more than 90 cash and carry stores, US Foods and its 30,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit to learn more.
