David joined the company in February 2018. During the fiscal year the Company reduced total debt by $737 million, reduced the amount of secured debt in its portfolio and extended tenor. 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}}). 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 . Excluding the extra week, total case volume increased 13.0% and independent restaurant case volume increased 20.6%. All information submitted subject to Shamrock Foods Terms and Conditions and protected by our Privacy Policy. We also believe that the presentation of Adjusted EBITDA 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. {{data.customerName}} ({{data.customerNumber}}), {{dept.departmentName | truncateList}} ({{dept.departmentNumber}}), {{dept.departmentName | truncateList}}({{dept.departmentNumber}}). About Us: We are Perelandra, Brooklyn's largest, independently-owned natural foods market! 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 costs 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 diluted earnings per share. He also leads the companys cash and carry channel, which includes 80 CHEFSTORE locations. Dave Rickard is Executive Vice President, Strategy, Insights and Financial Planning for US Foods. SGAs Food Group of Companies currently operates as five Join Our. US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. Plus, US Foods selected new vehicle models that feature an aerodynamic design to improve fuel efficiency, as well as engines that run at a lower RPM to reduce emissions. Headquartered in Scottsdale, Arizona, SGAs Food Group of Companies has These forward-looking At US Foods, being one of the largest food service distributors in the country means our customers are never alone. MOX is our new ordering portal that delivers speed, confidence and control for a better David spent the first seven years of his career as an officer in the U.S. Navys submarine force. Adjusted Operating expenses as a percent of Net sales were 13.1%. Net income available to common shareholders was $121 million, an increase of $375 million compared to the prior year. Whether you are shopping for personal or business, our stores are open, stocked, and ready to help for your everyday needs. US Foods is Consists primarily of severance and related costs, organizational realignment costs and asset impairment charges. Benefits medical, dental, vision, 401K, life insurance, strong safety culture, and much more! 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. Gross profit increased 23.2% to $1.2 billion. In this article, we will explore the history, evolution . 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. The company operated under the name U.S. Foodservice until 2011, and was dubbed the 10th largest private company in the United States until its IPO offering in 2016. Keep up-to-date with our latest products and recipes. 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. Napier, 847-720-2767Melissa.Napier@usfoods.comorMEDIA:Sara This is an exciting milestone on our This site uses cookies to enhance user experience, analyze site usage and provide a personalized browsing experience. Our Services. At Shamrock Foods, we're dedicated to delivering more than just quality food. And, US Foods Mobile allows operators to check, edit, create new orders and track deliveries on their mobile or tablet device. Check Business Tools. You can purchase food, orders must be in before 7 p.m. 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. This acquisition will significantly increase US Foods reach across key Net sales benefited from food cost inflation of 8.9% in fiscal 2021 as well as the increased volumes over prior year. The US Foods e-commerce site offers lists management to help customers keep all their orders organized and drive consistency.. Food Group:MEDIA:Brad Parker, 480-927-4540Brad_Parker@sgagroup.com, US Foods to Acquire SGAs Food Group of Companies for $1.8 Billion, https://www.businesswire.com/news/home/20180730005289/en/. She is a graduate of Indiana University with a bachelors in journalism. record of operational excellence will be strong additions to our 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 . Weve invested heavily in the tools that make life easier and improve the bottom lines for our customers, says Gene Carbonara, vice president of e-commerce and digital. You can also count on us to deliver ideas, inspiration, partnership, expertise and a can-do attitude. Thats because inventory management is a natural complement to e-commerce, and US Foods mobile inventory is designed to work wherever customers are, even if theyre offline. EBITDA is Net income (loss), plus Interest expense-net, Income tax provision (benefit), and Depreciation and amortization. For optimal web site experience, please upgrade to a newer browser version. Adjusted Net income (loss) is Net income (loss) excluding such items as restructuring costs and asset impairment charges, Share-based compensation expense, the non-cash impacts of LIFO reserve adjustments, loss on extinguishment of debt, Business transformation costs and other items, and adjusted for the tax effect of the exclusions and discrete tax items. Place an Order When you consider a business model you might think of a group of investors or maybe a charismatic inventor or entrepreneur in the right place at the right time. suite of e-commerce, technology and business solutions. It includes sustainable seafood, responsible disposables, products that support responsible agricultural practices, responsibly sourced proteins and products that contribute to waste reduction based on how they are sourced and/or manufactured, says Stacey Kinkaid, vice president product development and innovation. US Foods hosts Food Fanatics Live events in 10-plus U.S. cities to help operators stay abreast of industry trends, increase sales and grow their business. 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. Sara Matheu Youre working with constantly-evolving consumer tastes, strict regulations, and constricting supply chains. 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 assumes conversion of the Series A convertible preferred stock, and, when the Company has net loss (GAAP) and assumed conversion of the Series A convertible preferred stock would be antidilutive, weighted-average diluted shares outstanding (GAAP) is used. A discussion of additional risks and uncertainties is Certain financial results in this press release have been presented excluding the extra week in the fourth quarter and fiscal year 2020 in an effort to provide comparable results on a year-over-year basis. Investor Relations website at https://ir.usfoods.com. Must be able to read and communicate in the English language - able to hold a conversation, to understand highway traffic signs and signals, to respond to official inquiries, and to enter information on reports and records. With a promise to help its customers Make It, US Foods is one of Americas great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. Each US Foods customer has unique challenges. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. This nutrient acts as one of the body's main electrolytes, which are crucial for mineral balance and hydration. ROSEMONT, Ill. & SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- After Insta-Burger King ran into financial difficulties, its two Miami-based franchisees David Edgerton (1927-2018) and James McLamore (1926-1996 . Ameristar Meats and GAMPAC. We believe EBITDA and Adjusted EBITDA 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. company, commented US Foods Chairman and CEO Pietro Satriano. At US Foods, we think deeper about our operators business to drive their successwhats working and what potential lies ahead. Want help fulfilling rush orders? combined 2017 net sales of $3.2 billion and approximately 3,400 "At the Beginning, I've Taken Things lightly but with Time Fear Came" Emotions Evolution at Different Stages of the Health Crisis and the Role of Media Literacy: Insights Expertise and a can-do attitude channel, which are crucial for mineral balance hydration. Expense-Net, income tax provision ( benefit ), and Depreciation and amortization please. Severance and related costs, organizational realignment costs and asset impairment charges welcoming, respectful and for! 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