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October 05, 2015 7:26 AM ET

Food and Staples Retailing

Company Overview of US Foods, Inc.

Company Overview

US Foods, Inc. operates as a foodservice distributor in the United States. The company offers an array of fresh, frozen and dry food, and non-food products with approximately 350,000 stock-keeping units. Its principal product categories include meats and seafood; dry grocery products; refrigerated and frozen grocery products; equipment, disposables, and supplies; dairy; produce; and beverage products. The company primarily serves independently owned single and multi-location restaurants, regional concepts, national chains, hospitals, nursing homes, hotels and motels, country clubs, fitness centers, government and military organizations, colleges and universities, and retail locations. The co...

9399 West Higgins Road

Suite 500

Rosemont, IL 60018

United States

Founded in 1853

25,000 Employees



Key Executives for US Foods, Inc.

Chief Executive Officer and President
Age: 52
Chief Financial Officer and Director
Age: 49
Baltimore Division President
Division President of U.S. Foodservice-Los Angeles
Chief Compliance Officer, Executive Vice President, General Counsel and Director
Age: 50
Compensation as of Fiscal Year 2015.

US Foods, Inc. Key Developments

US Foods, Inc. Announces Executive Changes

On August 14, 2015, US Foods, Inc. announced that its Chief Operating Officer, Stuart Schuette, would be leaving the company effective September 30, 2015 to pursue new opportunities. On August 14, 2015, the company announced that Greg Schaffner, previously the Region President for the Southwest Region, will be promoted to be the company's Executive Vice President, Field Operations. In this new position, Mr. Schaffner will be responsible for leading field operations across the country, including responsibility for all financial results. Greg will also be responsible for implementing key aspects of the long range plan. Region Presidents will now report to Mr. Schaffner. In addition, Jay Kvasnicka, previously President of the Midwest Region, will take on the role of Executive Vice President, Locally-Managed Sales for US Foods. In this new position, Mr. Kvasnicka will be responsible for accelerating the deployment of the Company's sales coverage model, as well as other sales-related aspects of its long range plan. Mr. Kvasnicka will also be accountable for all tools and training across the entire sales organization, including e-Commerce and Value Added Services.

US Foods, Inc. Reports Unaudited Earnings Results for Second Quarter and Six Months Ended June 27, 2015; Provides CapEx Guidance for 2015

US Foods, Inc. reported unaudited earnings results for second quarter and six months ended June 27, 2015. For the quarter, the company’s net sales were $5,843 million against $5,898 million a year ago. Net loss was $127 million against $19 million a year ago. Adjusted EBITDA was $236 million against $237 million a year ago. Cash from Operating Activities was $164 million. Capital Expenditures were $54 million. Net Debt as on June 27, 2015 was $4,278 million. EBITDA was $107 million against $170 million a year ago. For the six months, the company’s net loss was $109 million against $62 million a year ago. EBITDA was $627 million against $681 million a year ago. Adjusted EBITDA was $854 million against $869 million a year ago. Net sales were $23,061 million against $22,588 million a year ago. In 2015, the company expects total investment of approximately $300 million, cash CapEx of approximately $200 million and fleet capital leases of approximately $100 million. The company expects funding in the 2015 cash capital expenditures with the available cash generated from the operations, contributing to an improved net debt result.

US Foods, Inc., Q2 2015 Earnings Call, Aug 11, 2015

US Foods, Inc., Q2 2015 Earnings Call, Aug 11, 2015

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