US Foods Holding Corp., through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. As of January 2, 2021, it operated 70 distribution facilities; and 78 cash and carry locations. The company was formerly known as USF Holding Corp. and changed its name to US Foods Holding Corp. in February 2016. US Foods Holding Corp. was incorporated in 2007 and is headquartered in Rosemont, Illinois.
IPO Year: 2016
Exchange: NYSE
Website: usfoods.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/20/2024 | $47.00 → $64.00 | Neutral → Buy | UBS |
2/20/2024 | $45.00 → $59.00 | Neutral → Overweight | Piper Sandler |
11/21/2023 | $45.00 | Neutral | Piper Sandler |
10/19/2023 | $50.00 | Buy | Deutsche Bank |
6/20/2023 | $46.00 → $54.00 | Equal-Weight → Overweight | Morgan Stanley |
1/5/2023 | $34.00 → $43.00 | Equal Weight → Overweight | Barclays |
9/7/2022 | $40.00 | Neutral | JP Morgan |
5/18/2022 | $53.00 | Buy | Berenberg |
3/11/2022 | $41.00 | Buy | CL King |
2/18/2022 | $44.00 → $46.00 | Outperform | Credit Suisse |
Grew Net Sales 6.8% to $9.7 Billion and Gross Profit 8.1% to $1.7 Billion Increased Net Income 55.8% to $148 Million Grew Adjusted EBITDA 13.2% to $455 Million and Expanded Adjusted EBITDA Margin 27 Basis Points Repurchased $580 Million of Shares US Foods Holding Corp. (NYSE:USFD), one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2024. Third Quarter Fiscal Year 2024 Highlights Net sales increased 6.8% to $9.7 billion Total case volume increased 3.8%; independent restaurant case volume increased 4.1% Gross profit increased 8.1% to $1.7 billion Net income was $148 million Adjusted EBITDA increased 13.2%
US Foods Holding Corp. (NYSE:USFD) will host a live conference call and webcast to discuss third quarter 2024 results on Thursday, November 7, 2024, at 8 a.m. CST. The conference call can be accessed live over the phone by dialing 877-344-2001. Listeners should dial in 10 minutes prior to the call start time and provide the Conference ID 2528845 to be connected. A replay will be available after the call. To listen to a replay of the conference call, please register by clicking this link. The conference call also will be webcast live from the company's Investor Relations website at https://ir.usfoods.com. The presentation slides that will be reviewed during the webcast will be available i
Grew Net Sales 7.7% to $9.7 Billion and Gross Profit 7.2% to $1.7 Billion Increased Net Income 8.8% to $198 Million Delivered Record Adjusted EBITDA of $489 Million and Record Adjusted EBITDA Margin of 5.0% Repurchased $41 Million of Shares and Reduced Net Leverage to 2.6x US Foods Holding Corp. (NYSE:USFD), one of the largest foodservice distributors in the United States, today announced results for the second quarter fiscal year 2024. Second Quarter Fiscal Year 2024 Highlights Net sales increased 7.7% to $9.7 billion Total case volume increased 5.2%; independent restaurant case volume increased 5.7% Gross profit increased 7.2% to $1.7 billion Net income was $198 mill
US Foods Holding Corp. (NYSE:USFD) will host a live conference call and webcast to discuss second quarter 2024 results on Thursday, August 8, 2024, at 8 a.m. CDT. The conference call can be accessed live over the phone by dialing 877-344-2001. Listeners should dial in 10 minutes prior to the call start time and provide the Conference ID 2528845 to be connected. A replay will be available after the call. To listen to a replay of the conference call, please register by clicking this link. The conference call also will be webcast live from the company's Investor Relations website at https://ir.usfoods.com. The presentation slides that will be reviewed during the webcast will be available
Grew Net Sales 4.8% to $8.9 Billion and Gross Profit 4.9% to $1.5 Billion Net Income of $82 Million Grew Adjusted EBITDA 6% to $356 Million and Reaffirms Fiscal Year 2024 Guidance Closed on IWC Food Service Acquisition in April US Foods Holding Corp. (NYSE:USFD), one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2024. First Quarter Fiscal 2024 Highlights Net sales increased 4.8% to $8.9 billion Total case volume increased 4.2%; independent restaurant case volume increased 4.6% Gross profit increased 4.9% to $1.5 billion Net income available to common shareholders was $82 million Adjusted EBITD
US Foods Holding Corp. (NYSE:USFD) will host a live conference call and webcast to discuss first quarter 2024 results on Thursday, May 9, 2024, at 8 a.m. CDT. The conference call can be accessed live over the phone by dialing 877-344-2001. Listeners should dial in 10 minutes prior to the call start time and provide the Conference ID 2528845 to be connected. A replay will be available after the call. To listen to a replay of the conference call, please register by clicking this link. The conference call also will be webcast live from the company's Investor Relations website at https://ir.usfoods.com. The presentation slides that will be reviewed during the webcast will be available in
Net Sales Grew 4.5% to $35.6 Billion in Fiscal Year 2023, Driven by Strong Case Growth Adjusted EBITDA Grew 19.0% to a Record $1.56 Billion in Fiscal Year 2023 Strong Cash Flow, Achieved Net Leverage Target, Repurchased Shares and Executed Accretive Tuck-in M&A Announces Fiscal Year 2024 Guidance, Including Adjusted EBITDA of $1.69 to $1.74 Billion1 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. Fourth Quarter Fiscal 2023 Highlights Net sales increased 4.9% to $8.9 billion Total case volume increased 5.6%; independent restaurant case volume increas
US Foods Holding Corp. (NYSE:USFD) will host a live conference call and webcast to discuss fourth quarter and fiscal year 2023 results on Thursday, February 15, 2024, at 8 a.m. CST. The conference call can be accessed live over the phone by dialing 877-344-2001. Listeners should dial in 10 minutes prior to the call start time and provide the Conference ID 2528845 to be connected. A replay will be available after the call. To listen to a replay of the conference call, please register by clicking this link. The conference call also will be webcast live from the company's Investor Relations website at https://ir.usfoods.com. The presentation slides that will be reviewed during the webcas
Delivered Net Sales of $9.1 Billion, Up 2.1% Increased Gross Profit 6% to $1.5 Billion and Net Income to $95 Million Grew Adjusted EBITDA 15% to $402 Million and Expanded Adjusted EBITDA Margin by ~50 bps Reduced Net Leverage to 2.9x, Prepaid $60 Million of Debt and Repurchased $29 Million of Shares Raises Adjusted EBITDA Guidance for Fiscal Year 2023 to $1.54 Billion - $1.56 Billion US Foods Holding Corp. (NYSE:USFD), one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2023. Third Quarter Fiscal 2023 Highlights Net sales increased 2.1% to $9.1 billion Total case volume increased 4.0%; independent rest
US Foods Holding Corp. (NYSE:USFD) will host a live conference call and webcast to discuss third quarter 2023 results on Thursday, November 9, 2023, at 8 a.m. CST. The conference call can be accessed live over the phone by dialing 877-344-2001. Listeners should dial in 10 minutes prior to the call start time and provide the Conference ID 2528845 to be connected. A replay will be available after the call. To listen to a replay of the conference call, please register by clicking this link. The conference call also will be webcast live from the company's Investor Relations website at https://ir.usfoods.com. The presentation slides that will be reviewed during the webcast will be availabl
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US Foods Holding Corp. (NYSE:USFD) announced today that Dirk Locascio, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference in New York on Tuesday, December 3, at 11:00 a.m. EST. Media and investors can listen to a live audio webcast by visiting the Investor Relations page of the company's website at https://ir.usfoods.com/investors/events-and-presentations/default.aspx. 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 re
The 18 New Students Represent Best-in-Class Culinary Education Programs From Across The Country Today, US Foods Holding Corp. (NYSE:USFD) – one of America's leading foodservice distributors – announced its 2024 class of US Foods Scholars. In a first for the company, US Foods expanded its signature US Foods Scholars program to applicants nationwide. This year's class includes 18 impressive students, who represent 10 schools from across the country and are pursuing 2- or 4-year post-secondary degrees in culinary arts, baking and pastry, chef training, or business management. Students will receive a scholarship of $20,000 to support their continued education, as well as development opportuni
Grew Net Sales 6.8% to $9.7 Billion and Gross Profit 8.1% to $1.7 Billion Increased Net Income 55.8% to $148 Million Grew Adjusted EBITDA 13.2% to $455 Million and Expanded Adjusted EBITDA Margin 27 Basis Points Repurchased $580 Million of Shares US Foods Holding Corp. (NYSE:USFD), one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2024. Third Quarter Fiscal Year 2024 Highlights Net sales increased 6.8% to $9.7 billion Total case volume increased 3.8%; independent restaurant case volume increased 4.1% Gross profit increased 8.1% to $1.7 billion Net income was $148 million Adjusted EBITDA increased 13.2%
US Foods Holding Corp. (NYSE:USFD) will host a live conference call and webcast to discuss third quarter 2024 results on Thursday, November 7, 2024, at 8 a.m. CST. The conference call can be accessed live over the phone by dialing 877-344-2001. Listeners should dial in 10 minutes prior to the call start time and provide the Conference ID 2528845 to be connected. A replay will be available after the call. To listen to a replay of the conference call, please register by clicking this link. The conference call also will be webcast live from the company's Investor Relations website at https://ir.usfoods.com. The presentation slides that will be reviewed during the webcast will be available i
Results Reinforce the Importance of the In-Restaurant Customer Experience US Foods Holding Corp. (NYSE:USFD) – one of America's leading foodservice distributors – today released the results of its 2024 Diner Dispatch survey, which showcases the state of America's relationship with dining out. Year-over-year data highlights key takeaways that can help operators make informed business decisions to help meet or exceed diner expectations. These include dine-in vs. take-out preferences, spend thresholds, and other key experiential preferences such as favorite restaurant types, wait times and the use of QR code menus. "As a leader in foodservice and a proud partner of our customers, we are exci
US Foods Holding Corp. (NYSE:USFD) today announced that its wholly-owned subsidiary, US Foods, Inc. ("US Foods"), has priced the previously announced notes offering and has agreed to issue and sell $500 million aggregate principal amount of 5.75% senior unsecured notes due 2033 (the "Notes"). US Foods intends to use the net proceeds of the Notes offering to repay a portion of the amounts outstanding under its term loan facility. The Notes will be the senior unsecured obligations of US Foods and will be guaranteed by all of US Foods' existing and future wholly-owned domestic subsidiaries that guarantee US Foods' obligations under its existing term loan credit facility. The closing of the sa
US Foods Holding Corp. (NYSE:USFD) today announced that its wholly-owned subsidiary, US Foods, Inc. ("US Foods"), intends, subject to market and other conditions, to offer (the "Offering") $500 million in aggregate principal amount of senior unsecured notes due 2033 (the "Notes"). US Foods intends to use the net proceeds of the Offering to repay a portion of the amounts outstanding under its term loan facility. The Notes and the related guarantees thereof will be offered in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") in the United States to persons reasonably believed to be qualified institutional buyers purs
Imperial Dade, a leading North American distributor of foodservice packaging supplies, industrial products, and janitorial supplies, today announced that Fareed Khan has been appointed as Chief Financial Officer, effective September 9, 2024. Mr. Khan is an accomplished finance and operating executive with more than two decades of leadership experience at public and private companies. He most recently served as CFO of JustFoodForDogs (JFFD), where he enhanced the company's finance infrastructure and strengthened financial planning and analysis capabilities, driving improved KPIs and performance management. His prior experience includes serving as CFO of both Kellogg Corporation (NYSE:K) and
US Foods Holding Corp. (NYSE:USFD) announced today that Dirk Locascio, Chief Financial Officer, will participate in a fireside chat at the Piper Sandler Growth Frontiers Conference in Nashville, Tenn., on Wednesday, Sept. 11 at 10 a.m. CDT. Media and investors can listen to a live audio webcast by visiting the Investor Relations page of the company's website at https://ir.usfoods.com/investors/events-and-presentations/default.aspx. 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 restau
US Foods Holding Corp. (NYSE:USFD), one of America's largest foodservice distributors, announced that it entered into a Purchase Agreement ("Purchase Agreement") to repurchase approximately $211 million of the Company's common shares beneficially owned by a fund managed by Sachem Head Capital Management LP ("Sachem Head"), at a purchase price of $52.28 per share and inclusive of approximately $2 million of excise taxes. The purchase of the shares is a part of the Company's $1 billion share repurchase program authorized on June 1, 2024. The Company has approximately $691 million in remaining funds authorized. "Today's $211 million share repurchase reflects continued confidence in our strat
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US Foods Hldg's (NYSE:USFD) short percent of float has risen 8.82% since its last report. The company recently reported that it has 6.35 million shares sold short, which is 2.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.07 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
U.S. stocks settled mostly lower on Friday, following the release of stronger-than-expected jobs report. All the three major indices recorded gains last week, with the Dow Jones index gaining 0.29% and the S&P 500 rising around 1.32% during the week. Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust. Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzi
Wells Fargo analyst Edward Kelly maintains US Foods Hldg (NYSE:USFD) with a Overweight and raises the price target from $63 to $66.
Truist Securities analyst Jake Bartlett maintains US Foods Hldg (NYSE:USFD) with a Buy and raises the price target from $65 to $66.
In the preceding three months, 9 analysts have released ratings for US Foods Hldg (NYSE:USFD), presenting a wide array of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 4 2 0 0 Last 30D 0 0 1 0 0 1M Ago 2 3 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $61.78, with a high estimate of $67.00 and a low estimate of $52.00. Surpassing the previou
JP Morgan analyst John Ivankoe maintains US Foods Hldg (NYSE:USFD) with a Neutral and raises the price target from $52 to $58.
US Foods Hldg's (NYSE:USFD) short percent of float has risen 19.92% since its last report. The company recently reported that it has 7.22 million shares sold short, which is 2.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.43 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
UBS upgraded US Foods from Neutral to Buy and set a new price target of $64.00 from $47.00 previously
Piper Sandler upgraded US Foods from Neutral to Overweight and set a new price target of $59.00 from $45.00 previously
Piper Sandler resumed coverage of US Foods with a rating of Neutral and set a new price target of $45.00
Deutsche Bank initiated coverage of US Foods with a rating of Buy and set a new price target of $50.00
Morgan Stanley upgraded US Foods from Equal-Weight to Overweight and set a new price target of $54.00 from $46.00 previously
Barclays upgraded US Foods from Equal Weight to Overweight and set a new price target of $43.00 from $34.00 previously
JP Morgan resumed coverage of US Foods with a rating of Neutral and set a new price target of $40.00
Berenberg initiated coverage of US Foods with a rating of Buy and set a new price target of $53.00
CL King initiated coverage of US Foods with a rating of Buy and set a new price target of $41.00
Credit Suisse reiterated coverage of US Foods Hldg with a rating of Outperform and set a new price target of $46.00 from $44.00 previously
Imperial Dade, a leading North American distributor of foodservice packaging supplies, industrial products, and janitorial supplies, today announced that Fareed Khan has been appointed as Chief Financial Officer, effective September 9, 2024. Mr. Khan is an accomplished finance and operating executive with more than two decades of leadership experience at public and private companies. He most recently served as CFO of JustFoodForDogs (JFFD), where he enhanced the company's finance infrastructure and strengthened financial planning and analysis capabilities, driving improved KPIs and performance management. His prior experience includes serving as CFO of both Kellogg Corporation (NYSE:K) and
US Foods Holding Corp. (NYSE:USFD), one of the largest foodservice distributors in the United States, announced today that Board Chair, Robert "Bob" Dutkowsky unexpectedly passed away today in his home in Florida at the age of 69. "It is with a very heavy heart that I announce Bob's passing," said Dave Flitman, Chief Executive Officer. "Bob was a steadfast leader of our Board, trusted mentor to me and thought partner to our esteemed Board members. He provided sound advice and counsel, and contributed immense value to our company, our strategy and our people. While I am deeply saddened by this news, I am also incredibly grateful for Bob's leadership and friendship. On behalf of our Board o
Introduces Eight-Member Slate with Deep Experience in Governance, Finance, Legislative and Regulatory Affairs, Strategic Transformations, Transportation and the Railroad Sector Proposes Jim Barber, a Proven Transportation Network Leader and Former Executive at UPS, as CEO and Jamie Boychuk, a Career Railroader and Former Executive at CSX, as COO Introduces "Network of the Future" Strategy Offering Path to Significant Value Creation Releases Presentation Entitled "The Case for Leadership, Safety and Strategy Changes at Norfolk Southern" That is Downloadable at www.MoveNSCForward.com Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (
Ha to Bring More than 30 Years of Legal Experience and Expertise to Executive Leadership Team US Foods Holding Corp. (NYSE:USFD) – one of America's leading foodservice distributors – announced today that Martha Ha will join the company as Executive Vice President and General Counsel effective Sept. 25, 2023. She will report to Dave Flitman, Chief Executive Officer, as a member of the Executive Leadership Team. "After an extensive and thoughtful search, I am thrilled to welcome Martha Ha to US Foods and our Executive Leadership Team," said Flitman. "With more than 30 years of experience, Martha is a seasoned business advisor with exceptional expertise in corporate governance, commercial
US Foods Holding Corp. (NYSE:USFD) announced today that Andrew Iacobucci is appointed Senior Executive Vice President, Field Operations and Chief Commercial Officer effective today. In his new role, Iacobucci will oversee the company's local sales, commercial excellence, merchandising, marketing, CHEF'STORE, US Foods Direct and MOXē teams and have P&L responsibility for the company's broadline business. He will report to Dave Flitman, Chief Executive Officer, as a member of the company's Executive Leadership Team. "I am thrilled that Andrew is taking on this important role as Senior Executive Vice President, Field Operations and Chief Commercial Officer," said Flitman. "Andrew is a talente
Pietro Satriano Steps Down as CEO and Will Not Stand for Re-election as Director at 2022 Annual Meeting of Shareholders Robert M. Dutkowsky to Serve as Executive Chair and Andrew Iacobucci to Serve as Interim CEO Board Has Commenced Search for Permanent CEO Appoints James J. Barber, Jr., Scott D. Ferguson and David A. Toy to Board Pursuant to Agreement with Sachem Head Reaffirms Fiscal Year 2022 Guidance US Foods Holding Corp. (NYSE:USFD) ("US Foods" or the "Company"), one of the largest foodservice distributors in the United States, today announced a transition of its Chief Executive Officer. The Company also announced changes to its Board of Directors in connection with a cooperation
Urges Shareholders to Vote "FOR" ALL of US Foods' Highly Qualified Directors on the WHITE Proxy Card Highlights Track Record of Earnings Growth, Long-Range Plan to Create Shareholder Value and Refreshed Board of Directors US Foods Holding Corp. (NYSE:USFD) ("US Foods" or the "Company"), one of the largest foodservice distributors in the United States, today sent a letter to shareholders in connection with its May 18, 2022 Annual Meeting of Shareholders (the "2022 Annual Meeting"). Shareholders of record as of March 21, 2022, will be entitled to vote at the meeting. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220417005036/en
Reduces Slate of Director Nominees from Seven to Five Following Company's Recent Appointment of Two New Directors Continues to Believe Significant Change is Needed for US Foods to Fulfill its Potential and Deliver Value for Stockholders Sachem Head Capital Management LP ("Sachem Head"), a beneficial owner of approximately 8.7% of the outstanding common stock of US Foods Holding Corp. (NYSE:USFD) ("US Foods" or the "Company"), today filed updated preliminary proxy materials with the Securities and Exchange Commission in connection with US Foods' upcoming 2022 Annual Meeting of Stockholders. Sachem Head disclosed in its updated materials that it plans to reduce its slate of seven director n
Marla Gottschalk and Quentin Roach Add Further Supply Chain and Financial Expertise; John Lederer to Retire at 2022 Annual Meeting Highlights Plan to Drive Value and Governance Achievements Sachem Head Continues to Demand Control of the Board US Foods Holding Corp. (NYSE:USFD) ("US Foods" or the "Company"), one of the largest foodservice distributors in the United States, today announced that it has filed its preliminary proxy materials with the Securities and Exchange Commission ("SEC") in connection with its upcoming 2022 Annual Meeting of Shareholders (the "2022 Annual Meeting"). The preliminary proxy statement is available on the investor relations section of the Company's website at
US Foods Offered to Appoint Two New Directors, Including Sachem Head's Principal; Sachem Head Declined US Foods' Offer Without Engagement Sachem Head Insisted on Appointment of Bernardo Hees as Executive Chairman US Foods is Building on Momentum to Drive Substantial Shareholder Value Creation US Foods Holding Corp. (NYSE:USFD) ("US Foods" or the "Company"), one of the largest foodservice distributors in the United States, today issued the following statement in response to a press release from Sachem Head Capital Management LP ("Sachem Head"), which disclosed its attempt to seek control of the Board of Directors ("Board") through the nomination of seven directors for election to the Comp