US Foods stands by its ability to deliver growth as a standalone company.
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One month after PFG rejected talks with US Foods about a potential combination, the two foodservice distributors are now sharing information to explore what would be a landmark merger.
Foodservice products distributor US Foods reported a 3.8% year-over-year increase in net sales in the second quarter.
A potential U.S. Foods and Performance Food Group merger would form the largest U.S. foodservice distributor, with a bigger market share than Sysco.
Jake’s Finer Foods distributes food products, such as meats from Gourmet Ranch to customers across Texas and Louisiana.
The company has added like foodservice distributors that serve the greater Nashville area and central California.
The acquisition is the first for the company since April 2020 and the first under CEO Dave Flitman’s leadership.
Sequentially, the foodservice distributor's net sales were roughly flat when compared to 4Q 2022.
Andrew Iacobucci will oversee the local sales, commercial excellence, merchandising, marketing, CHEF’STORE, US Foods Direct and MOXē teams.
A half-dozen distributors made Forbes' 2023 lists for Best Midsize and Large Employers, including a few on MDM's Top Distributors lists.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
US Foods announced the CEO appointment of Dave Flitman one week after Builders FirstSource announced his departure.
Pietro Satriano is stepping down as US Foods CEO, while first-quarter net sales increase 23.9% to $7.8 billion.
US Foods Holding Corp. reported 2021 fourth-quarter sales of $7.6 billion and year-end sales of $29.5 billion.
The board of directors for one of the largest foodservice distributors in the U.S. has decided to separate the roles of CEO and chair.
US Foods Holding Corp. reported that 2021 third-quarter sales were $7.9 billion, a 34.9% increase over the same period in 2020.
In the second quarter, US Foods posted earnings 58 cents per share compared to a loss of 25 cents per share a year ago.
