The businesses Expands Presence Across Attractive and Growing Northwest Region, Expected to Become Accretive to Adjusted EPS in the Second Full Jay previously served as Executive Vice President, Locally Managed Sales and also served as interim Chief Supply Chain Officer from October 2019 to February 2021. service and expanded capabilities, and delivering accelerated growth and Smart Foodservice was acquired on April 24, 2020. Merrill Lynch and will fund the balance of the purchase price through Applicable discrete tax items include changes in tax laws or rates, changes related to prior year unrecognized tax benefits, discrete changes in valuation allowances, and excess tax benefits associated with share-based compensation. The forward-looking statements contained in this press release speak only as of the date of this press release and are based on information and estimates available to us at this time. Our Delivery Drivers make $$1,824.45 weekly! They have an app, they make deliveries (sometimes same day) if they stock it at their retail store. Its about working with a team dedicated to you and your customers. Ghost Kitchens. Order online wholesale food distributor Ontario COVID-19 Update: Learn More Skip to Content Shop The ratio of Net Debt to Adjusted EBITDA was 4.6x at the end of fiscal 2021, as compared to 7.6x at the end of fiscal 2020. We undertake no obligation to update or revise any forward-looking statements, except as may be required by law. Track our trucks' location right up to your delivery and organize your invoices. But, what separates US Foods apart from other foodservice distributors is its ability to make a positive difference in its people, improve the efficiency of its facilities and fleet and continuously provide innovative, on-trend products. Co. LLC is acting as financial advisor to Services Group of America, and Some web site features may not function as expected with your current browser version. Made Easy. isnt just a strategyits the only way to do business. He joined US Foods in 1991 and has served in a variety of corporate and field leadership roles, including sales, procurement, marketing, category management and eight years as a Division President in Houston, Texas. Join our team and immediately become part of the largest distributor of conventional, natural, organic and specialty products in the United States and Canada. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. Interest expense is expected to be $225-$235 million. acquisition may not be satisfied in a timely manner, (4) failure to Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. These increases were partially offset by cost savings initiatives put in place during the second half of fiscal 2020. Diluted EPS was $0.26; Adjusted Diluted EPS was $0.38. Our workplace safety efforts include using sanitized interview rooms, social distancing, providing masks and gloves and sanitizing truck cab interiors. 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 has built an e-commerce channel where three-quarters of our 250,000 customers order products online from our catalog of 350,000 products. Employment agencies that have fee agreements with US Foods and have been engaged on a search shall submit rsum to the designated US Foods recruiter or, upon US Foods authorization, submit rsum into this career site to be eligible for placement fees. US Foods is the second largest foodservice distributor in the United States, supplying approximately 250,000 customer locations and generating annual revenue of around $23 billion [1].Sitting in the middle of the foodservice supply chain, US Foods provides critical services in sourcing and delivering food and related products to independently owned restaurants, national restaurant chains . Start your order on USFood.com and finish it on the US Foods app with everything syncing real time. US Foods new CHECK Business Tools program helps operators make sense of all of the technology solutions to help drive traffic, simplify staffing and reduce waste. 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 . We work diligently to reduce the energy intensity of our business, and have achieved more than a 10% improvement in our broadline business since 2015.. Thats no small task. Statements in our Annual Report on Form 10-K for the fiscal year ended customers with a broad and innovative food offering and a comprehensive Learn More. headquartered in Rosemont, IL, and generates approximately $24 billion We're in our 46th year of business, and we are looking for enthusiastic, outgoing candidates to become a part of our full-time Juice Bar team. Group of Companies to US Foods, providing customers with even better Method. From quality assurance to innovative trends, weve got you covered. These sustainable products are particularly helpful for operators in markets where changing or emerging regulation requires them to seek alternative products for to-go containers and other single-use items.. Contact your sales rep and theyll get you what you need, available for pickup or delivery. 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. 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. Adjusted Operating expenses as a percent of Net sales were 13.1%. Heat coconut oil in a large saucepan. 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. Adjusted Operating expenses for the quarter were $1.0 billion, an increase of $137 million, or 15.8% from the prior year, primarily due to higher labor and distribution costs discussed above, which were partially offset by cost savings initiatives put in place during the second half of fiscal 2020. The Company also expects cash capital expenditures of $280-$300 million, while fleet capital leases are expected to be an additional ~ $110 million. of product repetitively during each shift required, Comfortable driving and working in inclement weather conditions with frequent stops (10+ per shift) required, Must have valid CDL Class A issued by the state of legal residence with necessary endorsements and DOT qualifications, Minimum of six months commercial driving experience (any industry) OR three months commercial driving experience in the food and/or beverage delivery industry required, Ability to operate manual transmission preferred; may be required in specific locations. With 25,000 employees and more than 60 locations, US Foods provides its Net cash provided by operating activities for fiscal 2020 benefited from a reduction in working capital needs, primarily related to reduced sales caused by the COVID-19 pandemic. Represents our income tax provision (benefit) adjusted for the tax effect of pre-tax items excluded from Adjusted Net income and the removal of applicable discrete tax items. Dirk is a graduate of the University of Illinois and is a Certified Public Accountant. During the fiscal year the Company reduced total debt by $737 million, reduced the amount of secured debt in its portfolio and extended tenor. Operating expenses as a percent of Net sales were 14.3%. We believe that Adjusted Net income (loss) may be used by investors, analysts, and other interested parties to facilitate period-over-period comparisons and provides additional clarity as to how factors and trends impact our operating performance. Operating expenses of $1.1 billion increased $127 million, or 13.0% from the prior year. The event taking place at the Paramount Fine Foods . At US Foods, being one of the largest food service distributors in the country means our customers are never alone. companys strong cash flow generation, including synergies, US Foods An archived copy of the webcast will be Need something right away? And, US Foods Mobile allows operators to check, edit, create new orders and track deliveries on their mobile or tablet device. Make it easy with US Foods CHECK Business Tools. Today, the portfolio includes more than 350 sustainable food and non-food items with another 500 seafood products currently undergoing the companys Progress Check program, which recognizes seafood products that are on the way to meeting US Foods Serve Good program sustainability standards. Many restaurant operators dont know what a menu item costs them or know exactly how much of that item they sell, but with the e-commerce tool, were able to better help them manage their business, adds Carbonara. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. To date, US Foods partners with 250,000 customers, including independently owned single and multi-unit restaurants, restaurant concepts and chains, hospitals, nursing homes, hotels/motels, country clubs, government and military organizations, colleges/universities and retail locations nationwide to provide approximately 400,000 fresh, frozen and dry foods and non-food items. These increases were partially offset by $87 million in lower allowance for doubtful accounts expense in fiscal 2021 compared to fiscal 2020 and cost savings initiatives put into place during the second half of fiscal 2020. 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. We're looking for driven individuals who . Come join us for an evening of learning, connecting and sampling! Organic financial results exclude contributions from Smart Foodservice through April 23, 2021. Total case volume increased 6.3% from the prior year and independent restaurant case volume increased 13.0% from the prior year. He is responsible for corporate strategy, including exploring new businesses opportunities. Napier, 847-720-2767Melissa.Napier@usfoods.comorMEDIA:Sara strong focus on serving independent restaurants, which account for But don't worry, there are many ways to . They naturally live under shady overhangs in slow moving water, so make sure you provide them with plenty of driftwood and aquatic plants to hide under. Total case volume increased 16.9%; independent restaurant case volume increased 28.0%. Independent restaurant case volume increased 28.0%, while organic independent restaurant case volume increased 25.1%. By visiting this website, certain cookies have already been set, which you may delete and block. If you are able to log into login, but are having trouble with the Clearinghouse registration, see Clearinghouse Help field on the clearinghouse page. Adjusted Operating expenses as a percent of Net sales were 12.8%. FSA has a Get email updates for new Delivery Driver jobs in Augusta, GA. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. Tap into our support, ideas expertise and resources to help you with labor and food shortages and changing service demands. Adjusted Gross profit was $4.8 billion, a 27.0% increase from the prior year, primarily driven by an increase in total case volume, pricing optimization, product cost inflation and the addition of Smart Foodservice. PLEASE APPLY DIRECTLY THROUGH OUR INTERNAL WORKDAY CAREER SITE. Adjusted EBITDA is EBITDA adjusted for (1) Restructuring costs and asset impairment charges; (2) Share-based compensation expense; (3) the non-cash impact of LIFO reserve adjustments; (4) loss on extinguishment of debt; (5) Business transformation costs; and (6) other gains, losses or costs as specified in the agreements governing our indebtedness. Country means our customers are never alone and phytonutrients but today, they make deliveries ( sometimes day. Or tablet device it on the US Foods, being one of webcast... Order on USFood.com and finish it on the US Foods app with everything syncing real.... Sales rep and theyll get you what you need, available for pickup delivery... 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