US Foods announces the appointment of Harvard Business School professor Sunil Gupta to the Board of Directors

ROSEMONT, Ill., 2018-Mar-08 — /EPR Retail News/ — US Foods Holding Corp. (NYSE: USFD) announced today (March 06, 2018) that Sunil Gupta, the Edward W. Carter Professor of Business Administration at Harvard Business School, has been appointed to the Board of Directors effective March 1, 2018.

“Sunil is among the most sought-after experts in how technology is shaping business strategies in the digital era,” said Pietro Satriano, Chairman and Chief Executive Officer of US Foods. “His experience working with companies across a variety of industries, in addition to the breadth and depth of his marketing insight, will bring a unique expertise to our board.”

“We’re excited to welcome Sunil to the board as an independent director,” said Robert Dutkowsky, Chairman of the Nominating and Corporate Governance Committee. “His leadership in digital strategy and marketing will be a tremendous asset.”

Gupta joined Harvard Business School in 2006. He has served as the Chair of the General Management Program for senior executives, Co-Chair of the Driving Digital Strategy executive program since 2013, and served as the Chair of the Marketing department from 2008 to 2013. He is the author of the forthcoming book, Driving Digital Strategy: A Guide to Reimagining Your Business.

Before joining Harvard Business School, Gupta held positions at the Columbia University Graduate School of Business, including serving as the Meyer Feldberg Professor of Business. He’s served on the advisory boards of several startups, as well as the board of the American Marketing Association.

He received his Bachelor of Technology in Mechanical Engineering from the Indian Institute of Technology, a Master of Business Administration from the Indian Institute of Management, and holds a doctorate in marketing from Columbia University.

About US Foods

US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With 25,000 employees and more than 60 locations, US Foods 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. and generates approximately $24 billion in annual revenue. Visit usfoods.com to learn more.

Contact:
Sara Matheu
Director of Media Relations
(847) 720-2392
Sara.Matheu@usfoods.com

Source: US Foods Holding Corp.

US Foods welcomes David Works as Executive Vice President and Chief Human Resources Officer

ROSEMONT, Ill., 2018-Mar-02 — /EPR Retail News/ — US Foods Holding Corp. (NYSE: USFD) announced today (February 26, 2018) that David Works has joined the company as Executive Vice President and Chief Human Resources Officer, reporting to Chairman and Chief Executive Officer Pietro Satriano.

“I’m pleased to welcome David, a seasoned chief human resources officer and business executive, to our executive leadership team,” said US Foods Chairman and CEO Pietro Satriano. “Employees are the driving force behind our Great Food. Made Easy. strategy, and David’s leadership will be invaluable as we work to attract, develop and engage the right talent now and in the future.”

Works joins US Foods from Hackensack Meridian Health, where heserved as chief human resources officer for the not-for-profit health care organization. Previously, Works led the HR organizations at Windstream and Sears Holdings. He also served as the president of the Enterprise Business Unit at Windstream. Works spent the first seven years of his career as an officer in the U.S. Navy’s submarine force. He began his post-Navy career as an engineer at Motorola, followed by time at McKinsey & Company and ghSMART, a firm which specializes in talent assessment and leadership development.

Works holds degrees in Finance and Mechanical Engineering from the University of Pennsylvania, as well as a Master of Science in Mechanical Engineering from the University of Connecticut and a Master of Business Administration from the Kellogg School of Management at Northwestern University.

About US Foods

US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With nearly 25,000 employees and more than 60 locations, US Foods 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., and generates approximately $24 billion in annual revenue. Visit www.usfoods.com to learn more.

MEDIA CONTACT:

Sara Matheu
Director of Media Relations
847-720-2392
Sara.Matheu@usfoods.com

Source: US Foods

US Foods Q2 2017 financial results: Net sales increased 6.1% to $6.2 billion

ROSEMONT, Ill., 2017-Aug-10 — /EPR Retail News/ — US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today (August 09, 2017) announced results for the second quarter and first six months of fiscal 2017.

Second Quarter Highlights

  • Total case volume increased 3.6%; independent restaurant case volume increased 4.7%.
  • Net sales increased 6.1% to $6.2 billion.
  • Gross profit of $1.1 billion increased 1.9%.
  • Operating income of $126 million increased $28 million.
  • Net income of $65 million improved $78 million from a 2016 Net loss of $13 million.
  • Adjusted EBITDA increased 10.0% to $286 million.
  • Diluted EPS of $0.29; Adjusted Diluted EPS of $0.37.

Six Month Highlights

  • Total case volume increased 4.0%; independent restaurant case volume increased 4.3%.
  • Net sales increased 4.8% to $11.9 billion.
  • Gross profit of $2.0 billion increased 2.6%.
  • Operating income of $202 million increased $19 million.
  • Net income of $92 million exceeded prior year break-even.
  • Adjusted EBITDA increased 8.2% to $501 million.
  • Diluted EPS of $0.41; Adjusted Diluted EPS of $0.56.

CEO Perspective

“Strong Adjusted EBITDA growth of 10% and above-market independent restaurant case growth of 4.7% highlight another successful quarter for the company,” said President and CEO Pietro Satriano. “We have successfully closed five acquisitions this year as we continue to focus on accretive M&A opportunities. Continued growth with targeted customers, in combination with our portfolio of value-added services, innovative products and enhanced digital platform, position us for success in the second half of the year.”

Second Quarter Results

Total case volume increased 3.6% from prior year, of which 2.3% was organic growth, and independent restaurant case volume increased 4.7%, of which 3.7% was organic growth. The increase in total cases reflects growth with independent restaurants, healthcare and hospitality customers, and select national chain business.

Net sales of $6.2 billion represent a 6.1% increase from prior year, driven by total case volume growth, product mix changes and year-over-year inflation in grocery, produce, poultry and seafood. Sales from acquisitions completed in the last 12 months increased total Net sales by approximately 1.8%.

Gross profit of $1.1 billion increased $20 million, or 1.9% from prior year. The increase was driven by higher volume combined with margin expansion initiatives, partially offset by the year-over-year change in the Last-in, first-out (LIFO) inventory reserve. Gross profit as a percentage of Net sales was 17.1%. Adjusted Gross profit, which excludes the impact of LIFO, was $1.1 billion, a 5.6% increase from the prior year, driven by the Gross profit items discussed above. Adjusted Gross profit as a percentage of Net sales was 17.6%.

Operating expenses were $928 million, a decrease of 0.9% from prior year. Operating expenses benefitted from the non-recurrence of the prior year $31 million contract termination fee with our Sponsors, lower restructuring charges due to the completion of several initiatives in 2016, and ongoing efforts to reduce operating expenses. These decreases were partially offset by increased distribution costs related to higher volume combined with higher employee related costs. Adjusted Operating expenses for the quarter were $798 million, a 3.9% increase from prior year, primarily driven by higher volume and employee related costs.

Operating income was $126 million, a $28 million increase from prior year, driven by the Gross profit and Operating expense items discussed above.

Net income for the quarter was $65 million, up $78 million from a $13 million Net loss in the prior year. Adjusted EBITDA of $286 million increased $26 million, or 10.0% compared to prior year, driven by volume growth and the Adjusted Gross profit and Adjusted Operating expense factors discussed above. Diluted EPS was $0.29 and Adjusted Diluted EPS was $0.37.

Six Month Results

Total case volume increased 4.0% from prior year, of which 2.5% was organic growth, and independent restaurant case volume increased 4.3%, of which 3.2% was organic growth. The increase in total cases reflects growth with independent restaurants, healthcare and hospitality customers, and select national chain business.

Net sales of $11.9 billion represent a 4.8% increase from prior year, primarily driven by case volume growth and year-over-year inflation in grocery, seafood, poultry and cheese. Sales from acquisitions completed in the last 12 months increased total Net sales by approximately 1.6%.

Gross profit of $2.0 billion increased $51 million, or 2.6% from prior year. The increase was driven by higher volume combined with margin expansion initiatives, partially offset by the year-over-year change in the LIFO inventory reserve. Gross profit as a percentage of Net sales was 17.1%. Adjusted Gross profit, which excludes the impact of LIFO, was $2.1 billion, a 5.5% increase from the prior year, driven by the Gross profit items discussed above. Adjusted Gross profit as a percentage of Net sales was 17.5%.

Operating expenses were $1.8 billion, an increase of 1.8% from prior year, related to higher distribution costs from increased volume combined with higher employee related costs and insurance related charges. These increases were partially offset by the non-recurrence of the prior year $31 million contract termination fee with our Sponsors, lower restructuring charges due to the completion of several initiatives in 2016, and ongoing efforts to reduce operating expenses. Adjusted Operating expenses for the first six months were $1.6 billion, a 4.8% increase from prior year, driven by higher volume combined with higher employee related costs and insurance related charges.

Operating income was $202 million, a $19 million increase from prior year, driven by the Gross profit and Operating expense items discussed above.

Net income for the first six months was $92 million, up from break-even performance in the prior year. Adjusted EBITDA of $501 million increased $38 million, or 8.2% compared to prior year, driven by volume growth and the Adjusted Gross profit and Adjusted Operating expense factors discussed above. Diluted EPS was $0.41 and Adjusted Diluted EPS was $0.56.

Cash Flows and Capital Transactions

Net cash provided by operating activities for the first six months of fiscal 2017 was $368 million, an increase of $67 million from prior year related to our growth in net income which was driven by improved business performance and reduced interest expense. Cash capital expenditures for the first six months totaled $108 million, an increase of $41 million from prior year, due to the timing of payments made for assets acquired late in Q4 fiscal 2016 and increased capital spending, as planned.

Net Debt at the end of the quarter was $3.6 billion, a decrease of $172 million versus the same prior year period. The ratio of Net Debt to Adjusted EBITDA was 3.5x at the end of the quarter, down from 4.0x in the same prior year period.

Outlook for Fiscal 2017

The company is updating select elements of fiscal 2017 guidance. We now expect Net sales growth of 3-5%, interest expense of $175-$180 million, cash taxes of $20-$25 million and Adjusted Diluted EPS of $1.30-$1.40. All other elements of the company’s guidance provided during the Q4 fiscal 2016 earnings call on February 15, 2017, remain unchanged.

Please see the “Forward-Looking Statements” section in this release for a discussion of certain risks related to this outlook.

The company is not providing a reconciliation of our full year 2017 Adjusted EBITDA or Adjusted Diluted EPS outlook because we are not able to accurately estimate all of the adjustments on a forward-looking basis, and such items could have a significant impact on our GAAP financial results as a result of their variability.

Conference Call and Webcast Information

US Foods second quarter fiscal 2017 earnings call will be broadcast live via the Internet on August 9, 2017 at 9:00 a.m. CDT. The call can also be accessed live over the phone by dialing (855) 788-2805; the conference ID number is 35394300. The presentation slides reviewed during the webcast will be available shortly before that time. The webcast, slides, and a copy of this news release will be available in the Investor Relations section of our website for a limited period of time at www.usfoods.com/investors.

About US Foods

US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With nearly 25,000 employees and more than 60 locations, US Foods 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., and generates approximately $23 billion in annual revenue. Visit www.usfoods.com to learn more.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including those statements under “Outlook for Fiscal 2017”. Forward-looking statements include information concerning our liquidity and our possible or assumed future results of operations, including descriptions of our business strategies. These statements often include words such as “believe,” “expect,” “project,” “anticipate,” “intend,” “plan,” “estimate,” “target,” “seek,” “will,” “may,” “would,” “should,” “could,” “forecasts,” “mission,” “strive,” “more,” “goal,” or similar expressions. The statements are based on assumptions that we have made, based on our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments, and other factors we think are appropriate. We believe these judgments are reasonable. However, you should understand that these statements are not guarantees of performance or results. Our actual results could differ materially from those expressed in the forward-looking statements. 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 the forward-looking statements contained in this release. Such risks, uncertainties, and other important factors include, among others: our ability to remain profitable during times of cost inflation/deflation, commodity volatility, and other factors; industry competition and our ability to successfully compete; our reliance on third-party suppliers, including the impact of any interruption of supplies or increases in product costs; risks related to our indebtedness, including our substantial amount of debt, our ability to incur substantially more debt, and increases in interest rates; restrictions and limitations placed on us by agreements and instruments governing our debt; any change in our relationships with group purchasing organizations; any change in our relationships with long-term customers; our ability to increase sales to independent restaurant customers; our ability to successfully consummate and integrate acquisitions; our ability to achieve the benefits that we expect from our cost savings initiatives; shortages of fuel and increases or volatility in fuel costs; any declines in the consumption of food prepared away from home, including as a result of changes in the economy or other factors affecting consumer confidence; liability claims related to products we distribute; our ability to maintain a good reputation; costs and risks associated with labor relations and the availability of qualified labor; changes in industry pricing practices; changes in competitors’ cost structures; our ability to retain customers not obligated by long-term contracts to continue purchasing products from us; environmental, health and safety costs; costs and risks associated with government laws and regulations, including related to environmental, health, safety, food safety, transportation, labor and employment, and changes in existing laws or regulations; technology disruptions and our ability to implement new technologies; costs and risks associated with a potential cybersecurity incident; our ability to manage future expenses and liabilities associated with our retirement benefits and pension plans; disruptions to our business caused by extreme weather conditions; costs and risks associated with litigation; changes in consumer eating habits; costs and risks associated with our intellectual property protections; and risks associated with potential infringements of the intellectual property of others.

For a detailed discussion of these risks and uncertainties, see the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the Securities and Exchange Commission (“SEC”) on February 28, 2017. All forward-looking statements made in this release are qualified by these cautionary statements. The forward-looking statements contained in this release speak only as of the date of this release. We undertake no obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, or changes in future operating results over time or otherwise. Comparisons of results between current and prior periods are not intended to express any future trends, or indications of future performance, unless expressed as such, and should only be viewed as historical data.

Explanation of Non-GAAP Financial Measures

We provide Adjusted Gross profit, Adjusted Operating expenses, EBITDA, Adjusted EBITDA, Net Debt, Adjusted Net income and Adjusted Diluted Earnings Per Share (EPS) as supplemental measures to GAAP measures regarding our operational performance. 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 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 Last-in, first-out (LIFO) inventory reserve changes. 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, as well other items noted in our debt agreements.

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. Examples of items excluded from Adjusted EBITDA include Restructuring charges, Loss on extinguishment of debt, Sponsor fees, Share-based compensation expense, Pension settlements, the non-cash impacts of LIFO reserve adjustments, Business transformation costs (business costs associated with the redesign of systems and processes), and other items as specified in our debt agreements.

We use Net Debt to review the liquidity of our operations. Net Debt is defined as long-term debt plus the current portion of long-term debt net of restricted cash held on deposit in accordance with our credit agreements, and total Cash and cash equivalents remaining on the balance sheet as of July 1, 2017. 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 From Operating or 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, amortization, 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 charges, Loss on extinguishment of debt, Sponsor fees, Share-based compensation expense, Pension settlements, the non-cash impacts of LIFO reserve adjustments, Business transformation costs (business costs associated with the redesign of systems and processes), and other items, and adjusted for the tax effect of the exclusions and discrete tax items. We believe that Adjusted Net income is 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 EPS, 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 EPS 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 and Adjusted Diluted Earnings per Share is useful to investors because these metrics are frequently 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 for certain covenants and restricted activities under our debt agreements. We also believe these 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 amounts presented in accordance with our definitions of Adjusted Gross profit, Adjusted Operating expense, EBITDA, Adjusted EBITDA, Net Debt, Adjusted Net Income and Adjusted Diluted EPS may not be the same as similar measures used by other companies. Not all companies and analysts calculate these measures in the same manner. We compensate for these limitations by using these non-GAAP financial measures as supplements to GAAP financial measures and by presenting the reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures.

INVESTOR CONTACT:
Melissa Napier
(847) 720-2767
Melissa.Napier@usfoods.com

MEDIA CONTACT:
Debra Ceffalio
(847) 720-1652
Debra.Ceffalio@usfoods.com

Source: US Foods

US Foods to participate at the Barclays Global Consumer Staples Conference in Boston on Thursday, September 7

ROSEMONT, Ill., 2017-Aug-07 — /EPR Retail News/ — US Foods Holding Corp. (NYSE: USFD) President and Chief Executive Officer Pietro Satriano and Chief Financial Officer Dirk Locascio will present at the Barclays Global Consumer Staples Conference in Boston on Thursday, September 7 at 12:45 p.m. EDT (11:45 a.m. CDT).

Media and investors can access a copy of the presentation slides and listen to a live audio webcast by visiting the Investor Relations page of the company’s website at www.usfoods.com. A replay of the presentation will be available later that same day.

About US Foods

US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With nearly 25,000 employees and more than 60 locations, US Foods 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. and generates approximately $23 billion in annual revenue. Visit usfoods.com to learn more.

INVESTOR CONTACT:
Melissa Napier
847.720.2767
melissa.napier@usfoods.com

MEDIA CONTACT:
Sara Matheu
847.720.2392
sara.matheu@usfoods.com

Source: US Foods

US Foods appoints Ty Gent as Chief Supply Chain Officer

ROSEMONT, Ill., 2017-Apr-12 — /EPR Retail News/ — US Foods Holding Corp. (NYSE: USFD) announced today (April 10, 2017) that Ty Gent has joined the company as Chief Supply Chain Officer, reporting to President and Chief Executive Officer Pietro Satriano. Gent will oversee all warehousing, transportation and supply chain strategy and operations on behalf of the company, as well as safety programs and real estate.

“Ty joins us with more than 30 years of supply chain leadership experience,” said US Foods President and CEO Pietro Satriano. “His reputation for delivering strong customer service, productivity improvements and an outstanding safety record will be instrumental in helping us continue to build a best-in-class supply chain.”

Prior to joining US Foods, Gent served as Senior Vice President of Operations for PepsiCo Central and South America regions. He previously served as Senior Vice President of Logistics for PepsiCo North America where he led the warehouse delivery network for Quaker, Gatorade and Tropicana, as well as the PepsiCo Transportation network for North America. Gent is a graduate of Kent State University where he received both his undergraduate degree in Economics as well as his Master of Business Administration.

About US Foods

US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 chefs, restaurants and foodservice operators to help their businesses succeed. With nearly 25,000 employees and more than 60 locations, US Foods 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., and generates approximately $23 billion in annual revenue. Discover more at www.usfoods.com.

Media Contact:
Sara Matheu
(847) 720-2392
Sara.Matheu@usfoods.com

Investor Contact:
Melissa Napier
(847) 720-2767
Melissa.Napier@usfoods.com

Source: US Foods

US Foods to acquire family owned Dierks Waukesha in Waukesha, Wisconsin

With an expanded footprint, the company will now bring its differentiated products and business solutions to more independent restaurants throughout Wisconsin

Rosemont, Ill., 2015-12-22 — /EPR Retail News/ — US Foods, one of the country’s most innovative food companies and leading distributors, today announced it has agreed to acquire Dierks Waukesha in Waukesha, Wis. This acquisition underscores the company’s commitment to growth and mergers and acquisitions as a key path to continued growth. With this acquisition, US Foods substantially strengthens its presence in the Upper Midwest.

Family owned for three generations, Dierks Waukesha serves more than 3,500 customers throughout Wisconsin, Northern Illinois, Upper Michigan, and Eastern Minnesota from fine dining restaurants and caterers to schools and institutional organizations. Known as “The Fresh Guys,” the Dierks name has become synonymous with providing the freshest center of the plate items, produce and vegetables in the area. With approximately $120 million in annual sales, Dierks is one of the leading independent foodservice distributors in the region.

“Dierks has been a top foodservice provider for restaurants throughout the area since 1963 and you don’t stay in business that long without doing things right,” said Russell Scott, Midwest region president, US Foods.  “We are excited to build on the great reputation of Dierks and introduce its customers to the innovative products and best-in-class marketing, technology and business solutions that have made US Foods an industry leader.”

US Foods will service customers throughout the region from both its distribution center in Menomonee Falls, Wis. and the Dierks distribution center in Waukesha. The Dierks employees will be joining US Foods and will continue servicing customers throughout the area.

“We are excited to welcome the very talented Dierks team to the US Foods family,” said Pietro Satriano, president and CEO, US Foods. “The addition of this great team and the new distribution center will allow us to better serve our customers throughout the area and positions us for continued growth throughout the region.”

Thomas Muehl, one of the owners of Dierks, and Kevin Musser, CEO of Dierks, will also be joining US Foods.  Both will play integral roles in the transition of the business so that it is as seamless as possible for customers.

“US Foods has a lot to offer both our customers and our employees,” said Muehl. “I’m excited that the Dierks team will now be a part of this great company and for our customers to gain access to the expanded offering from US Foods that is sure to help them be even more successful.”

The transaction is expected to close on December 31, 2015.  Terms of the transaction were not disclosed.

About US Foods
As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.

Contact
Lisa Lecas, Manager
Corporate Communications, US Foods
Office: 847-720-8243
Lisa.Lecas@usfoods.com

US Foods announces the appointment of Steve Guberman as Chief Merchandising Officer

Rosemont, Ill., 2015-7-14 — /EPR Retail News/ — US Foods today announced Steve Guberman will take on the role of Chief Merchandising Officer, effective immediately. Guberman previously held the role of Senior Vice President, Merchandising and Marketing Operations for the company.

“Steve has played an integral role in the implementation of all nationally led merchandising strategies and initiatives, and he is very well positioned for success as our Chief Merchandising Officer,” said Pietro Satriano, president and chief executive officer, US Foods.  “Steve brings a unique customer-oriented perspective to his role, as he began his career in restaurant management.  His leadership as well as his passion for excellent customer service and innovation will undoubtedly help us to fully realize the potential of our Food. Food People. Easy. strategy.”

Guberman brings over 30 years of industry experience to this important role.  Holding the role of Senior Vice President, Merchandising and Marketing Operations since January 2012, Guberman was responsible for the deployment and adoption of a range of merchandising and marketing strategies designed to accelerate profitable sales growth and help customers win.

Steve joined US Foods as part of the Kraft/Alliant Foodservice organization in 1991, accumulating a wide breadth of leadership experience in sales, procurement, marketing, national accounts, and category management before taking on the role of president of the US Foods Houston Division in 2006.

“I am very pleased and excited to take on this role as we launch this next phase of US Foods as an even stronger force in the foodservice industry,” Guberman said.  “I’ve had the chance to meet and talk with our customers and I know they count on US Foods to provide innovative products and services that help their businesses succeed.  I’m grateful to work with such a talented team and am looking forward to building on the foundation of innovation that helps our customers win.”

Discover innovative US Foods products and business solutions at www.usfoods.com. Friend us on Facebook, follow us on Twitter and watch our chefs in action on YouTube.

About US Foods
As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.

Contact
Lisa Lecas, Manager
Corporate Communications, US Foods
Office: 847-720-8243
Lisa.Lecas@usfoods.com

US Foods names Pietro Satriano its next President and Chief Executive Officer

Rosemont, Ill., 2015-7-13 — /EPR Retail News/ — US Foods today named Pietro Satriano its next President and Chief Executive Officer, effective Monday, July 13, 2015. Satriano previously held the role of Chief Merchandising Officer. John Lederer, the company’s current President and CEO, will continue as an advisor to US Foods and its Board of Directors.

“Pietro is a proven leader whose business experience and strategic vision will be perfect for this next phase of US Foods’ evolution,” commented Ed Liddy, chairman of the US Foods Board of Directors. “We want to thank John for guiding the company through its incredible transformation over the past five years. His passion and dedication have been the driving force in setting the company on its path of becoming a truly great American food company that is perfectly positioned for growth.”

“It has been a remarkable ride at US Foods and I’m grateful to have led such a talented group of employees,” said John Lederer, president and CEO, US Foods. “I can say without a doubt that Pietro is absolutely the right person to take this company forward.”

“I am not aware of a company that is more enthusiastic and passionate about serving its customers across America, and I’m honored to be chosen as its new leader,” Satriano said.  “Our focus on bringing innovation and differentiation to the foodservice marketplace has given us tremendous momentum. I look forward to working with the senior leadership and all of our employees across the organization to fully realize the potential of our Food. Food People. Easy. strategy.”

Prior to joining US Foods in 2011, Satriano was president of LoyaltyOne Canada, the company behind AirMiles, Canada’s largest consumer loyalty reward program in which two thirds of households are active. Previously, he was executive vice president of Loblaw Brands at Loblaw Companies where he was responsible for its complete range of private brands.

Discover innovative US Foods products and business solutions at www.usfoods.com. Friend us on Facebook, follow us on Twitter and watch our chefs in action on YouTube.

About US Foods
As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.

Contact
Lisa Lecas, Manager
Corporate Communications, US Foods
Office: 847-720-8243
Lisa.Lecas@usfoods.com

US Foods unveils winning Scoop product line-up that will freshen up menus across the country this summer

Focus on Healthy with 11 Nourish Items; Share the Innovation with #ScoopTalk

Rosemont, Ill., 2015-6-19 — /EPR Retail News/ — Summer is finally here, and US Foods is unveiling a winning Scoop product line-up that will freshen up menus across the country. From Chef’s Line All Natural Mediterranean Style Mini Beef and Lamb Patties and Patuxent Farms Premium Hardwood Smoked Chicken Wings to Cross Valley Farms Superfood Salad and Roseli Kale Pesto, the Summer Scoop features bold tastes and healthier fare that are sure to get diners talking.

“Creating fresh and original products is a point of pride at US Foods, and we’re kicking it up a notch this summer,” said Pietro Satriano, chief merchandising officer, US Foods. “Our latest edition of Scoop showcases more than 20 new items that represent bold flavors, healthy options and versatile food that will excite operators and diners alike.”

This Summer Scoop features 11 new items that have US Foods’ Nourish designation. This new program highlights products that are healthy, nutritious and reflect diners’ appetite for healthier dishes without sacrificing taste.  The Nourish line includes items like Cross Valley Farms Superfood Salad made with a colorful blend of rainbow kale, shaved Brussels sprouts, Napa and red cabbage and radicchio, Hilltop Hearth Ancient Grainwich that offers four grams of fiber and less carbs than the traditional sandwich bread and the creamy Glenview Farms Greek Yogurt Cream Cheese that boasts double the protein and half the fat of regular cream cheese. Quinoa consumption grew 50 percent in 2014 and with the Chef’s Line Precooked Brown Rice and Quinoa Blend, operators have an effortless way to add this gluten-free, high in protein, low in sodium dish to menus.

“The Nourish line proves that healthy doesn’t have to compromise on taste,” Satriano said.  “US Foods specifically developed these Nourish products to solve the daily challenge so many restaurateurs and foodservice operators face in offering delicious, affordable, healthy food that is more than just low-sodium or gluten-free.”

One of the top five seafood menu growth items in 2014 is sole and it is a must-have on menus this summer. Harbor Banks Flour Dusted Alaskan Sole is hand-cut, impeccably seasoned and goes perfectly with a side of spuds, such as Cross Valley Farms’ dense and creamy Rooster Potatoes or Monarch’s salty Smashed Potato Skin. Chefs and restaurateurs can learn more about the innovation process that US Foods used to create this bigger, tastier potato skin at usfoods.com/smashedpotato.

Shrimp is another seafood favorite joining the seasonal lineup. Harbor Banks Spicy Toss N’ Serve Shrimp is an easy-to-prep dish that wraps the crustacean in crunchy, sweet heat. Pair it with Rykoff Sexton White Stone Ground Grits to give it a down-home, Southern flare.

Mouthwatering meat dishes are a summertime staple and US Foods has created versatile, protein-rich options with exotic flavors. Chef’s Line All Natural Mediterranean Style Mini Beef and Lamb Patties deliver savory spice in just two-ounce bites, while the beer-kissed Patuxent Farms Premium Beer Battered Chicken Breast Chunks can shine in any recipe. US Foods is first to offer operators the Patuxent Farms Premium Hardwood Smoked Chicken Wings. These fully cooked wings feature a subtle smoked flavor. For diners looking to turn up the heat, toss these crispy wings in Monarch Carolina Reaper Wing Sauce, made with the hottest chili on record in the Guinness Book.  US Foods is the first and only foodservice company to feature this fiery flavor.

Diners who want to indulge in something sweet will love the Hilltop Hearth Premium Pull-Apart Cinnamon Roll with five centers. This decadent treat satisfies taste buds with real cream cheese and spicy Korintje cinnamon and makes it easy for all operators to get in on this latest trend. Devonshire Premium Croissant Donut is another summer indulgence that can be served sweet or savory.  With endless options to spark creativity, US Foods developed the Croissant Donut Book to accompany the Summer Scoop. This book features quirky, creative and fun-filled creations and even suggested names so operators can easily add these dishes to menus.

To celebrate these new products, US Foods is inviting its customers to share their Scoop-based concepts and successes by posting pictures to social media using the #ScoopTalk hashtag. Restaurateurs can then visit usfoods.com/ScoopTalk to see other chefs’ creations.

“There are so many ways to use this season’s Scoop products to freshen up menus and I can’t wait to see what #ScoopTalk reveals,” said Satriano.  “We might even find the inspiration for our next Scoop item.”

To see the full summer Scoop edition and learn more about the product offerings from US Foods, visitwww.usfoods.com. You can also like us on Facebook, follow us on Twitter and watch our chefs in action on YouTube.

Foodservice operators interested in learning more about Scoop can also request a product demonstration at:http://www.usfoods.com/content/www/home/food/scoop/scoop-demonstration-request-form.html.

About US Foods
As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.

Contact

Lisa Lecas, Manager
Corporate Communications, US Foods
Office: 847-720-8243
Lisa.Lecas@usfoods.com

US Foods introduces nearly two dozen new products in its latest Scoop product line-up

Innovative Burgers, BBQ and Bacon Set to Sweep Menus Across the Country

Rosemont, Ill., 2015-3-3 — /EPR Retail News/ — This Spring, US Foods is taking some of the most beloved and distinctly American recipes to the next level with the introduction of its latest Scoop product line-up. From the Chef’s Line® Belly Burger and Cross Valley Farms® Superfood Slaw to Patuxent Farms® Pepper Encrusted Bacon and the three authentic, regional BBQ sauces from Chef’s Line®, the Spring Scoop features innovative items that capture the nation’s tastiest flavors.

“The nearly two dozen new products in this lineup will give operators everything they need to spice up their menus with new takes on the tried and true American favorites diners love,” said Pietro Satriano, chief merchandising officer, US Foods. “With warmer weather on the horizon, the time is just right for the burgers, barbecue and other Spring Scoop items to take their place on menus across the country.”

The classic burger remains one of America’s most popular comfort foods. US Foods is giving the beloved burger a bit of a makeover with the debut of three new burgers. Chef’s Line Belly Burger combines the smoky flavors of pork belly with the richness of beef, while the All Natural Umami Turkey Patty is like none other in the market. The Harvest Value® Savory Burger is made with one-third mushrooms and packs savory goodness at 40 percent less fat. Combine these with Chef’s Line Natural Fry, the first natural and minimally processed fry on the market, for the ultimate American meal.

Today, 80 percent of consumers indicate they care about food sustainability. Harbor Banks® Beer Battered Alaskan Cod is sustainably caught and then breaded in a golden-crisp batter infused with the refreshing flavors of Alaskan Brewing Co.’s Alaskan White Ale.

Also joining the spring lineup is one of America’s bona fide favorites – bacon. Patuxent Farms Pepper Encrusted Bacon delivers the perfect blend of bold, beautiful and versatile that will delight the taste buds of any bacon lover.

US Foods is gearing up to celebrate dining outdoors with mouthwatering, American-style BBQ that is sure to be a hit at restaurants across the country. Chef’s Line is introducing a new series of regional BBQ sauces, offering something for any BBQ fan’s palette. The line features the Yippee Ki Yay Texas Style BBQ Sauce, which combines smoky and peppery flavors with spicy undertones; along with the thick and sweet Meemaw’s Molasses Kansas City Style BBQ Sauce; and the rich and tangy Sassy Swine Carolina Style BBQ Sauce. These sauces are perfectly paired with the tender and meaty goodness of Patuxent Farms Premium Pulled Pork or Chef’s Line All Natural Pork Country Style Ribs.

No American-inspired line would be complete without America’s ultimate lunchtime favorite – the sandwich. Premium Wheat Beer and Sweet Corn Hoagie Rolls from Hilltop Hearth® give a twist to the traditional hoagie and put the spotlight back on the bread. Load them up with All Natural Fire Smoked Ham, Creamy Chicken Salad or Loaded Baked Potato Salad from Metro Deli®.

“Our new Scoop products deliver hints of flavor from different regions all over the country, offering a little something for everyone,” said Satriano.

For a sweet end to meals, diners can indulge in Chef’s Line Coffee Ice Cream. Serve alone or pair with Chocolate Cola or Strawberry Rhubarb Muffin Minis also from Chef’s Line.

To see the full spring edition and learn more about the product offerings from US Foods, visit www.usfoods.com. You can also like us on Facebook, follow us on Twitter and watch our chefs in action on YouTube.

Foodservice operators interested in learning more about Scoop can also request a product demonstration at:http://www.usfoods.com/content/www/home/food/scoop/scoop-demonstration-request-form.html

About US Foods
As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.

Contact

Lisa Lecas, Manager
Corporate Communications, US Foods
Office: 847-720-8243
Lisa.Lecas@usfoods.com

US Foods Food Fanatics chefs introduce the new Chef’s Line® Belly Burger at Food Network & Cooking Channel South Beach Wine & Food Festival

Food Fanatics Introduce First-of-its-Kind Burger at the Food Network & Cooking Channel South Beach Wine & Food Festival presented by FOOD & WINE

ROSEMONT, Ill., 2015-2-18 — /EPR Retail News/ — This year at the Food Network & Cooking Channel South Beach Wine & Food Festival presented by FOOD & WINE, it’s all about the “belly.”  Pork belly, that is, as the US Foods Food Fanatics chefs introduce the new Chef’s Line® Belly Burger and showcase their culinary talents with the ultimate Beach Belly S’more creation.

The Food Fanatics kick off the Festival on Friday, February 20 at the Wine Spectator Trade Day presented by Southern Wine & Spirits of Florida where they will share the new, signature Belly Burger with thousands of food industry insiders. The Chef’s Line® Belly Burger combines the rich, smoky flavors of pork belly with the richness of beef.  In South Beach, the Food Fanatics chefs are topping the rich and meaty burger with the colorful Cross Valley Farms Super Food Slaw which includes Brussels sprouts, broccoli slaw, kale, red cabbage and carrots and is sure to make it a delicious hit with festival goers.

“Pork belly use has grown 350 percent in the last four years and our new, first-of-its-kind Belly Burger showcases the rich and uniquely delicious reason why diners and chefs alike can’t get enough of this tasty treat,” said Pietro Satriano, chief merchandising officer at US Foods. “The Belly Burger packs in all of the right flavors and takes the traditional burger to the next level of indulgence.”

Festival attendees will continue their “belly binge” with the Food Fanatics on Saturday, February 21 at the Seminole Hard Rock Hotel & Casino’s Meatopia: The Q Revolution presented by Creekstone Farms hosted by Guy Fieri curated by Josh Ozersky. Throughout the evening, Food Fanatics chefs will be serving up the ultimate campfire favorite – with a twist. Their own Beach Belly S’more recipe features Oaxacan Mole-rubbed pork belly and a toasted, maple Sriracha marshmallow layered between two chia-seeded graham crackers, delivering sweet and savory goodness with a hint of heat in every bite.

The 14th annual Food Network & Cooking Channel South Beach Wine & Food Festival presented by FOOD & WINE is a national is a star-studded, four-day destination event that features internationally renowned talent and leaders of the hospitality industry at uniquely crafted events showcasing world-class wine, spirits, food and fun. The Festival is one of the most popular and world-renowned hospitality events in the country, and has raised more than $20 million to date for the Chaplin School of Hospitality & Tourism Management at Florida International University.

To receive live updates of the Food Fanatics at the Food Network & Cooking Channel South Beach Wine & Food Festival presented by FOOD & WINE, follow @FoodFanatics or the hashtag #SOBEWFF.

About US Foods
As one of America’s great food companies and leading distributors, US Foods is Keeping Kitchens Cooking™ and making life easier for customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. With approximately $22 billion in annual revenue, the company offers more than 350,000 products, including high-quality, exclusive brands such as the innovative Chef’s Line®, a time-saving, chef-inspired line of scratch-quality products, and Rykoff Sexton®, a premium line of specialty ingredients sourced from around the world. The company proudly employs approximately 25,000 people in more than 60 locations nationwide. US Foods is headquartered in Rosemont, Ill., and jointly owned by affiliates of Clayton, Dubilier & Rice LLC and Kohlberg Kravis Roberts & Co. L.P. Discover more at www.usfoods.com.

Contact

Lisa Lecas, Manager
Corporate Communications, US Foods
Office: 847-720-8243
Lisa.Lecas@usfoods.com