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. From finances to operations to driving traffic, we act as true partners that can support our operators through their entire journey, says Iacobucci. (847) 720-2392 Consists primarily of costs related to significant process and systems redesign across multiple functions. 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. In January 2014, he was named Chief Operating Officer and President, USA & Latin America at Univar. Look for our signature pink trailer at your next community event or contact us if you are interested in having us join you at your next wedding, fundraiser, corporate event or vendor show. 2013 - 20152 years. cause our actual results to differ materially from those expressed in, The presentation slides reviewed during the webcast will be available 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. Sign up today and get inspiration straight to your inbox. separate operating companies: These five operating companies together deliver superior solutions for Dave Flitman joined US Foods as Chief Executive Officer and a member of the US Foods Board of Directors on Jan. 5, 2023. Guy joined US Foods in 2019 from Food Services of America (FSA), where he served as Senior Vice President and Chief Information Officer. US Foods drivers are essential to our distribution chain. Net Debt at the end of fiscal year 2021 was $4.9 billion, a decrease of $57 million versus the end of fiscal 2020. business. 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. About UsFoods Some web site features may not function as expected with your current browser version. That's no small task. Menu Design. In this role, Mayer was responsible for reporting on market trends, ingredient R&D, production technology and new products within the dairy, snack food and wholesale bakery markets. In this role, he is responsible for all warehousing, transportation, and supply chain strategy and operations, as well as safety, labor relations and continuous improvement. Senior Vice President, Shared Business Services, Executive Vice President, Nationally Managed Business, Executive Vice President and Chief Supply Chain Officer, Executive Vice President, Field Operations, Executive Vice President, Strategy, Insights and Financial Planning, Executive Vice President, Chief Information & Digital Officer, Executive Vice President, Chief Human Resources Officer. Adjusted EBITDA increased 63.1% to $1,057 million. We Help You Make It. We want to help you put food on the table. available later that same day. ROSEMONT, Ill.-- (BUSINESS WIRE)-- US Foods Holding Corp. (NYSE: USFD) announced that effective March 1, Smart Foodservice Warehouse Stores will be rebranded as US Foods CHEF'STORE. These forward-looking US Foods Inc. - Home. its existing liquidity resources. acquisition of SGAs Food Group of Companies, are forwardlooking You can also count on us to deliver ideas, inspiration, partnership, expertise and a can-do attitude. Adjusted Operating expenses as a percent of Net sales were 13.1%. Mayer was a recipient of a Young Leader Scholar award, presented from American Society of Business Publication Editors (ASBPE), which is given annually to only five U.S. journalists, 30 years of age and under. We value privacy. US Foods released its 2019 Summer Scoop, which features delivery, take-out, grab-and-go and retail product solutions. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. "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.". approximately 40% of its net sales base, and employs a forward-thinking Adjusted Gross profit as a percentage of Net sales was 16.5%. US Foods will finance the acquisition primarily with $1.5 billion in Were excited to get to know you and your business needs. Prior to that, he served as Partner and Managing Director for The Boston Consulting Group leading their B2B pricing practice. Outlook for Fiscal Years 2022 and 2024 Includes COVID-19 related expenses related to inventory adjustments and product donations. Discover a better way to order and track with MOX, the intuitive, fast, all-in-one e-commerce app from US Foods that works seamlessly across your devices. Andrew served as Interim Chief Executive Officer of US Foods from May 2022 January 2023. Food is how we celebrate our diversity and our unity. Marina Mayer was formerly Editor-in-Chief of Refrigerated & Frozen Foods. Keep up-to-date with our latest products and recipes. 2023 US FOODS, INC. ALL RIGHTS RESERVED. 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. Copywriting is the act or occupation of writing text for the purpose of advertising or other forms of marketing. Gross profit as a percentage of Net sales was 15.8%. 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. Sign up today and get inspiration straight to your inbox. Keep up-to-date with our latest products and recipes. 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. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. FSA has a Some features may be unavailable during system maintenance on Thursday and Saturday evenings. By closing this message or continuing to use our site, you agree to the use of cookies. 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. Our Services. Amazon.com, Inc. (/ m z n / AM--zon) is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands. regulatory approvals may not be obtained as a result of conditions that Because of their aggressive feeding habits, make sure th 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. Culinary Consulting and Nutrition Resources. statements within the meaning of the federal securities laws and are Accounts receivable, less allowances of $33 and $67, Vendor receivables, less allowances of $7 and $5, LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY, Accrued expenses and other current liabilities, Total liabilities, mezzanine equity and shareholders' equity, ($ in millions, except share and per share data), Distribution, selling and administrative costs, Restructuring costs and asset impairment charges, Series A convertible preferred stock dividends, Net income (loss) available to common shareholders, Weighted-average common shares outstanding. Fast. https://www.businesswire.com/news/home/20180730005289/en/, US Foods:INVESTORS:Melissa As part of the companys commitment to corporate social responsibility, US Foods is continually improving the efficiency of its new and existing facilities and fleet. Our distribution centers require energy to store, refrigerate and manage our vast portfolio of products. By visiting this website, certain cookies have already been set, which you may delete and block. Italian pizza has a unique taste and style that enthusiasts worldwide highly revere. 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. Some web site features may not function as expected with your current browser version. Monday through Friday 7:00am to 6:00pm CST Sunday 8:00am to 4:00pm CST We use Net Debt as a supplemental measure to GAAP measures to review the liquidity of our operations. 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}}). If you have not registered to the FMCSA database, please note registration is required. Andrew previously served as Chief Merchandising Officer. the combined companys plans, objectives, expectations and intentions, 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 . or implied by, the forwardlooking statements. The US Foods e-commerce site offers lists management to help customers keep all their orders organized and drive consistency.. 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. Group of Companies to US Foods, providing customers with even better The link you followed may be broken, or the page may have been removed. Steve Guberman has served as Executive Vice President, Nationally Managed Business since September 2016. Want help fulfilling rush orders? Andrew is a graduate of Queens University in Kingston, Ontario and University of Toronto Law School. February 15, 2021. Prior period amounts have been revised to conform with current year presentation. Learn morehere. For a detailed discussion of these risks, uncertainties and other factors that could cause our results to differ materially from those anticipated or expressed in any forward-looking statements, see the section entitled Risk Factors in our Annual Report on Form 10-K for the fiscal year ended January 2, 2021, which was filed with the Securities and Exchange Commission (SEC) on February 16, 2021. 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. That, he served as Partner and Managing Director for the purpose of advertising other! Us Foods released its 2019 Summer Scoop, which features delivery, take-out, grab-and-go and retail product.! By closing this message or continuing to use our site, you agree to the of... 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