Rosamond, IL, United States
Rosamond, IL, United States

US Foods is one of the USA’s leading distributors. With nearly $19 billion in annual revenue, US Foods is the 10th largest private company in America. Many of the entities that make up US Foods were founded in the 19th century, including one that sold provisions to travelers heading west during the 1850s gold rush. The company had used the name U.S. Foodservice since 1993. US Foods offers more than 350,000 national brand products and its own “exclusive brand” items, ranging from fresh meats and produce to prepared and frozen foods. The company employs approximately 25,000 people in more than 60 locations nationwide, and provides food and related products to more than 250,000 customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. The company is headquartered in Rosemont, Illinois, and jointly owned by funds managed by Clayton, Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co.In October 2011, the company launched a new brand identity reflecting its strategic focus on creating a better food offering and an easier service experience for customers. Since, US Foods has introduced more innovative products, exclusive brands and specialized services to help drive customer growth. The company’s new tagline is “Keeping Kitchens Cooking”.On 9th December, 2013, Sysco Corp announced it would buy US Foods for $8.2 billion . Wikipedia.


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ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE:USFD) today announced the closing of the underwritten secondary public offering of 46,000,000 shares of common stock by investment funds associated with Clayton, Dubilier & Rice, LLC and Kohlberg Kravis Roberts & Co. L.P. and certain members of management and the board of directors (collectively, the “Selling Stockholders”) at a price to the public of $28.25 per share for a total offering size of $1,299,500,000. The offering included the exercise in full of the underwriters’ option to purchase an additional 6,000,000 shares of common stock. US Foods did not sell any stock in this transaction and did not receive any proceeds from the sale of the shares of common stock by the Selling Stockholders. Goldman Sachs & Co. LLC, Morgan Stanley and J.P. Morgan acted as joint book-running managers for the offering and the representatives of the underwriters. BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Wells Fargo Securities and KKR Capital Markets also served as joint book-running managers for the offering and BMO Capital Markets, BTIG, Guggenheim Securities, ING, Rabo Securities and Natixis served as co-managers for the offering. A registration statement, including a prospectus, on Form S-1 relating to the offering was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on May 11, 2017. Copies of the prospectus related to the offering may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone toll-free at 1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com; from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or from J.P. Morgan Securities LLC, Attention: Prospectus Department c/o Broadridge Financial Solutions, Long Island Avenue, Edgewood, NY, 11717, by telephone toll-free at 1-866-803-9204. The registration statement is available on the SEC’s website at www.sec.gov under the US Foods’ name. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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, IL, and generates approximately $23 billion in annual revenue.


DALLAS--(BUSINESS WIRE)--LoneStar Restaurant Supply, a division of ABC Hotel and Restaurant Supply, Inc., announced the promotion of Drew Mallett to Corporate Chef and appointment of industry veteran Ken Harrison as Business Development Manager. Drew Mallett is based out of the South Central Region of Texas and brings a unique combination of corporate and culinary experience. He is no stranger to kitchen operations in a variety of environments, from fine dining to private clubs to corporate dining. Mallett previously served as Business Development Manager and will continue to drive existing and new sales opportunities, but will focus on culinary trends and strategies to better serve a niche market from a culinary perspective. He is a graduate of Pennsylvania Culinary Institute and Le Cordon Bleu College of Culinary Arts. Ken Harrison will drive existing and new sales opportunities in the South Central Region of Texas. He will work closely with LoneStar’s sales and marketing teams, as well as customers, dealers and distributor networks. In his 25+ years of foodservice sales experience, Harrison has held sales management positions and has worked for some of the largest food manufacturers in the world, including Coca-Cola, Procter & Gamble, Quaker Oats and Sara Lee, and has managed and sold products through broad line distributors like Sysco, US Foods and Ben E Keith. “Drew and Ken bring tremendous experience to these roles,” said Darren Anderson, President and COO of ABC Hotel and Restaurant Supply, Inc. “Their industry knowledge and experience will help ensure that we remain a cutting edge industry leader in the foodservice industry.” LoneStar will be participating as a sponsor for Taste Addison that will take place May 19-21. The event will take place at Addison Circle Park located at 4970 Addison Circle Dr., Addison, TX 75001. Over the course of the weekend, it is expected to be over 50,000 attendees. Headquartered in Austin, Texas, LoneStar is one of several private equity backed brands under the ABCHRS, Inc. banner that are changing the way restaurant operators manage their equipment and smallwares supply chain. LoneStar offers solutions for new restaurant construction, remodels, conversions, roll outs and replenishment as well as special logistics services. Visit our website at www.lonestarrs.com.


News Article | May 24, 2017
Site: www.accesswire.com

LONDON, UK / ACCESSWIRE / May 24, 2017 / Active Wall St. announces its post-earnings coverage on Sysco Corp. (NYSE: SYY). The Company reported its third quarter fiscal 2017 financial results on May 08, 2017. The Global food products maker and distributor exceeded sales expectations for the quarter. Register with us now for your free membership at: One of Sysco's competitors within the Food Wholesale space, US Foods Holding Corp. (NYSE: USFD), reported on May 09, 2017, its results for Q1 FY17. AWS will be initiating a research report on US Foods Holding in the coming days. Today, AWS is promoting its earnings coverage on SYY; touching on USFD. Get our free coverage by signing up to: For its 13-week third fiscal quarter ended April 01, 2017, Sysco announced that sales increased 12.7% to $13.52 billion compared to sales of $12.00 billion in Q3 FY16, driven both by 3.5% local case growth in its US Broadline business and new sales from the Brakes business, which the Company acquired in July 2016. Excluding the impact of Brakes, the Company's sales increased 2.3% to $12.3 billion for the reported quarter. The Company's revenue numbers surpassed analysts' consensus of $13.06 billion For Q3 FY17, Sysco's gross profit advanced 18.3% to $2.53 billion compared to gross profit of $2.14 billion in Q1 2016, while gross margin increased 89 basis points to 18.74%. The Company stated that excluding Brakes, gross profit increased 4.3% to $2.2 billion and gross margin increased 34 basis points to 18.20% in the reported quarter. Sysco's operating income for Q1 2017 surged 15.5% to $436 million, while adjusted operating income increased 14.3% to $500 million. Sysco reported net income of $275.9 million, or $0.44 per share, in Q3 FY17, up from $217.1 million, or $0.38 per share in Q3 FY16. On an adjusted basis, the Company reported earnings of $0.51 per share, matching Wall Street's estimates. During Q3 FY17, Sysco's sales from the US Foodservice Operations totaled $9.2 billion, an increase of 2.2% compared to the same period last year. The segment's gross profit increased 4.0% on a y-o-y basis to $1.8 billion, while gross margin grew 35 basis points to 19.89%. The US Foodservice Operations Operating income was $689 million in Q3 FY17, up 7.1% on a y-o-y basis. During the reported quarter, local case volume within US Broadline operations grew 3.5%, while total case volume grew 1.8%. Sysco's International Foodservice Operations sales for Q3 FY17 totaled $2.5 billion compared to $1.3 billion in Q3 FY16. The segment's operating income was $16 million, down $17 million versus the year ago comparable period. Adjusted operating income was $40 million, gaining $7 million, compared to the same period last year. The improvement in both sales and adjusted operating income was primarily attributable to the Brakes Group acquisition. For the first 39 weeks of fiscal 2017, Sysco's capital expenditures, net of proceeds from sales of plant and equipment, totaled $395 million, $46 million higher compared to the same period last year. The Company's cash flow from operations was $1.0 billion for the first 39 weeks of fiscal 2017, which was $36 million higher compared to the same period last year. Free cash flow for the first 39 weeks of fiscal 2017 was $630 million, down $11 million compared to the year ago corresponding period. At the closing bell, on Tuesday, May 23, 2017, Sysco's stock slipped 1.31%, ending the trading session at $54.23. A total volume of 3.48 million shares were traded at the end of the day, which was higher than the 3-month average volume of 2.77 million shares. In the last month and previous three months, shares of the Company have advanced 2.59% and 2.81%, respectively. Moreover, the stock surged 12.07% in the previous twelve months. The stock is trading at a PE ratio of 28.60 and has a dividend yield of 2.43%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. 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The new Mesquite Barbeque joins Boulder's existing line of potato chips kettle-cooked in coconut oil, including Pineapple Habanero™ and Sea Salt varieties.  In addition, Boulder offers a wide selection of snacks cooked in better-for-you olive, avocado, rice bran and sunflower oils. "One of the foundational elements of the Boulder brand is the use of premium and unique oils in our small batch, kettle-cooking process," said Steve Sklar, senior vice president marketing for Boulder Canyon Authentic Foods. "We introduced a line of chips cooked in olive oil four years ago, and that opened up an entirely different palette of flavors for us.  We built on that success with avocado, rice bran and coconut varieties, and it's remarkable to see how well they've been received by consumers. We expect fans of traditional BBQ flavors will fall in love with these Mesquite Barbeque chips." Cooked in 100 percent coconut oil, the Mesquite Barbeque kettle-cooked chips are gluten-free, Kosher-certified, Non-GMO and contain no trans fats or cholesterol. Boulder Canyon continues to push the boundaries of traditional snack foods with a belief that real food ingredients taste better than processed foods ever could. Boulder Canyon® Foods is a member of the Inventure Foods (NASDAQ: SNAK) family of Intensely Different™ specialty brands. The Company's better-for-you and indulgent food brands include Boulder Canyon Authentic Foods®, Jamba®, Seattle's Best Coffee®, Rader Farms®, T.G.I. Fridays®, Nathan's Famous®, Vidalia Brands® , Poore Brothers®, Tato Skins®, Willamette Valley Fruit Company™, Fresh Frozen™ and Bob's Texas Style®. For further information about Inventure Foods, please visit www.inventurefoods.com. 1. According to IRI US Foods week ending 12/25/16 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/boulder-canyon-takes-traditional-bbq-potato-chips-to-new-tastier-level-with-introduction-of-mesquite-barbeque-coconut-oil-variety-300463281.html


News Article | May 25, 2017
Site: www.businesswire.com

ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) President and Chief Executive Officer Pietro Satriano and Chief Financial Officer Dirk Locascio will be featured presenters at the Deutsche Bank dbAccess Global Consumer Conference in Paris on Wednesday, June 14 at 9:15 a.m. CEST (2:15 a.m. CDT). Media and investors can access the presentation via 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. 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, IL, and generates approximately $23 billion in annual revenue. Discover more at www.usfoods.com.


News Article | April 24, 2017
Site: www.businesswire.com

ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods today announced that it has agreed to acquire FirstClass Foods, a privately owned meat manufacturing company based in Hawthorne, Calif. with nearly $55 million in annual sales. FirstClass Foods has been delivering high quality center of the plate products to customers throughout Southern California since 1962. The company specializes in custom processing and portion control cuts of beef, pork, lamb, veal, poultry, seafood and specialty products. “US Foo


News Article | May 8, 2017
Site: globenewswire.com

HOUSTON, May 08, 2017 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced financial results for its 13-week third fiscal quarter ended April 1, 2017.¹ “I am very pleased with our third quarter performance,” said Bill DeLaney, Sysco’s chief executive officer. “We saw solid operating income growth, driven by strong local case growth and effective expense management. We are making continued progress on our strategic multi-year initiatives, which provide a platform for ongoing value creation for our customers, associates and shareholders. Going forward, we remain focused on growing our business in a disciplined, profitable manner and are confident in our ability to achieve our three-year plan financial objectives.” Sales for the third quarter were $9.2 billion, an increase of 2.2% compared to the same period last year. Gross profit increased 4.0% to $1.8 billion; gross margin increased 35 basis points to 19.89%. Operating expenses increased $25 million, or 2.2%, compared to the same period last year. Adjusted operating expenses increased $26 million, or 2.3%, compared to the same period last year. Operating income was $689 million, an increase of $46 million, or 7.1%, compared to the same period last year. Adjusted operating income was $689 million, an increase of $45 million, or 7.0%, compared to the same period last year. Local case volume within U.S. Broadline operations grew 3.5% for the third quarter. Total case volume grew 1.8%. Sales for the third quarter were $2.5 billion, compared to $1.3 billion in the same period last year. Operating income was $16 million, a decrease of $17 million, compared to the same period last year. Adjusted operating income was $40 million, an increase of $7 million, compared to the same period last year. The improvement in both sales and adjusted operating income is primarily attributable to the Brakes Group acquisition. Sales for the first 39 weeks of fiscal 2017 were $27.8 billion, an increase of 0.8% compared to the same period last year. Gross profit increased 4.0% to $5.6 billion; gross margin increased 61 basis points to 20.04%. Operating expenses increased $53 million, or 1.6%, compared to the same period last year. Adjusted operating expenses increased $54 million, or 1.6%, compared to the same period last year. Operating income was $2.1 billion, an increase of $161 million, or 8.2%, compared to the same period last year. Adjusted operating income was $2.1 billion, an increase of $159 million, or 8.1%, compared to the same period last year. Local case volume within U.S. Broadline operations grew 2.4% for the first 39 weeks of fiscal 2017. Total case volume grew 1.2%. Sales for the first 39 weeks of fiscal 2017 were $7.9 billion, compared to $3.9 billion in the same period last year. Operating income was $180 million, an increase of $53 million, compared to the same period last year. Adjusted operating income was $254 million, an increase of $125 million, compared to the same period last year. The significant improvement in both sales and operating income is primarily attributable to the Brakes Group acquisition. Capital expenditures, net of proceeds from sales of plant and equipment, totaled $395 million for the first 39 weeks of fiscal 2017, which was $46 million higher compared to the same period last year. Cash flow from operations was $1.0 billion for the first 39 weeks of fiscal 2017, which was $36 million higher compared to the same period last year. Free cash flow for the first 39 weeks of fiscal 2017 was $630 million, which was $11 million lower compared to the same period last year. These changes are largely due to improved business performance, improved working capital and favorable year-over-year comparisons due to the US Foods termination payment last year, offset by higher cash taxes from deductions related to the US Foods settlement and a deferral from flood relief. Sysco will host a conference call to review the Company’s third quarter fiscal 2017 financial results on Monday, May 8, 2017, at 10:00 a.m. Eastern. A live webcast of the call, accompanying slide presentation and a copy of this news release will be available online at investors.sysco.com. ¹Financial comparisons presented in this release are compared to the same period in the prior year. Earnings Per Share (EPS) and Adjusted EPS are shown on a diluted basis unless otherwise specified.  Adjusted financial results exclude certain items, which primarily include restructuring and merger-related costs. A reconciliation of non-GAAP measures is included in this release. Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company operates over 200 distribution facilities serving approximately 425,000 customers. For fiscal year 2016 that ended July 2, 2016, the company generated sales of more than $50 billion. Subsequent to fiscal year 2016, the company completed the acquisition of the Brakes Group, a leading European foodservice distributor with operations in the United Kingdom, Ireland, France, Sweden, Spain, Belgium and Luxembourg. For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco.  For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at www.investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.  Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the Securities and Exchange Commission.  It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information. Statements made in this news release or in our earnings call for the third quarter of fiscal 2017 that look forward in time or that express management’s beliefs, expectations or hopes are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the views of management at the time such statements are made and are subject to a number of risks, uncertainties, estimates, and assumptions that may cause actual results to differ materially from current expectations. These statements include our outlook for fiscal 2017 and the future, our plans and expectations related to our three-year financial objectives, and the key levers for realizing these goals, expectations regarding gross profit growth and improved margins, our beliefs regarding the impact of productivity initiatives on our supply chain, our beliefs regarding opportunities and performance in our international business in Canada, Latin America and Europe, which includes our Brakes Group business, statements regarding progress on the Brakes Group’s transformational efforts, expectations regarding the continuation of accelerated depreciation related to our revised business technology strategy, expectations regarding the benefits to be obtained from integrating our Ireland businesses, anticipated capital expenditures, and expectations regarding deflation and inflation trends. The success of our plans and expectations regarding our operating performance, including expectations regarding our three-year financial objectives, are subject to the general risks associated with our business, including the risks of interruption of supplies due to lack of long-term contracts, severe weather, crop conditions, work stoppages, intense competition, technology disruptions, dependence on large regional and national customers, inflation risks, the impact of fuel prices, adverse publicity, and labor issues. Risks and uncertainties also include risks impacting the economy generally, including the risks that the current general economic conditions will deteriorate, or consumer confidence in the economy or consumer spending, particularly on food-away-from-home, may decline. Market conditions may not improve. If sales from our locally managed customers do not grow at the same rate as sales from regional and national customers, our gross margins may decline. Our ability to meet our long-term strategic objectives depends largely on the success of our various business initiatives, including efforts related to revenue management, expense management, our digital e-commerce strategy and any efforts related to restructuring or the reduction of administrative costs. There are various risks related to these efforts, including the risk that these efforts may not provide the expected benefits in our anticipated time frame, if at all, and may prove costlier than expected; the risk that the actual costs of any initiatives may be greater or less than currently expected; and the risk of adverse effects to our business, results of operations and liquidity if past and future undertakings, and the associated changes to our business, do not prove to be cost effective or do not result in the cost savings and other benefits at the levels that we anticipate. Our plans related to and the timing of any initiatives are subject to change at any time based on management’s subjective evaluation of our overall business needs. If we are unable to realize the anticipated benefits from our efforts, we could become cost disadvantaged in the marketplace, and our competitiveness and our profitability could decrease. Capital expenditures may vary based on changes in business plans and other factors, including risks related to the implementation of various initiatives, the timing and successful completion of acquisitions, construction schedules and the possibility that other cash requirements could result in delays or cancellations of capital spending. Periods of high inflation, either overall or in certain product categories, can have a negative impact on us and our customers, as high food costs can reduce consumer spending in the food-away-from-home market, and may negatively impact our sales, gross profit, operating income and earnings, and periods of deflation can be difficult to manage effectively. Fluctuations in inflation and deflation, as well as fluctuations in the value of foreign currencies, are beyond our control and subject to broader market forces. Expanding into international markets presents unique challenges and risks, including compliance with local laws, regulations and customs and the impact of local political and economic conditions, including the impact of Brexit, and such expansion efforts, including our Brakes acquisition, may not be successful. Any business that we acquire, including the Brakes transaction, may not perform as expected, and we may not realize the anticipated benefits of our acquisitions. The Brakes Group acquisition will require a significant commitment of time and company resources, and realizing the anticipated benefits from the transaction may take longer than expected.  Expectations regarding the financial statement impact of any acquisitions may change based on management’s subjective evaluation. For a discussion of additional factors impacting Sysco’s business, see the company’s Annual Report on Form 10-K for the year ended July 2, 2016, as filed with the Securities and Exchange Commission, and the company’s subsequent filings with the SEC. Sysco does not undertake to update its forward-looking statements, except as required by applicable law.


Shares in Houston, Texas headquartered Sysco Corp. rose 0.24%, ending Monday's trading session at $55.32. The stock recorded a trading volume of 2.34 million shares. The Company's shares have gained 0.56% in the last one month and 6.63% over the last three months. The stock is trading 3.28% and 5.36% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Sysco, which through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the US, Bahamas, Canada, Ireland, Costa Rica, and Mexico, have a Relative Strength Index (RSI) of 60.25. On May 16th, 2017, research firm Loop Capital initiated a 'Buy' rating on the Company's stock, with a target price of $61 per share. On June 07th, 2017, Sysco announced that it will webcast its presentation from the Oppenheimer 17th Annual Consumer Conference on June 21st, 2017, at 11:45 a.m. EDT in Boston. Visit us today and access your complete report on SYY for free at: Lake Success, New York headquartered The Hain Celestial Group Inc.'s stock climbed 0.49%, closing the day at $35.20. A total volume of 1.68 million shares was traded, which was above their three months average volume of 1.10 million shares. The Company's shares are trading 4.02% below their 50-day moving average. Additionally, shares of Hain Celestial, which manufactures, markets, distributes, and sells organic and natural products in the US, the UK, Canada, and Europe, have an RSI of 41.55. On May 30th, 2017, Hain Celestial announced that it has received a waiver and extension of certain obligations under its unsecured credit facility from its lenders until June 15th, 2017. This relates to the delivery of certain financial information under the credit facility, including the Company's audited financial statements for its FY16 and financial statements for the Q1, Q2, and Q3 of FY17. The complimentary research report on HAIN can be accessed at: On Monday, shares in Rosemont, Illinois headquartered US Foods Holding Corp. recorded a trading volume of 4.32 million shares, which was higher than their three months average volume of 1.33 million shares. The stock ended the day 1.74% lower at $29.28. The Company's shares have advanced 3.13% in the past month, 8.77% in the previous three months, and 6.55% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.52% and 12.41%, respectively. Furthermore, shares of US Foods Holding, which through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the US, have an RSI of 49.37. On May 16th, 2017, research firm Loop Capital initiated a 'Hold' rating on the Company's stock. On June 02nd, 2017, US Foods Holding announced that it has agreed to acquire F. Christiana, a broadline distributor of food and food-related products concentrating on the important center-of-the-plate categories as well as dairy and dry goods. Family-owned for three generations, F. Christiana has nearly $100 million in annual sales and serves more than 1,800 independent restaurant, hotel, and independent deli/convenience store customers throughout Louisiana, southern Mississippi, and parts of southern Alabama. Register for free on DailyStockTracker.com and download the research report on USFD at: Providence, Rhode Island headquartered United Natural Foods Inc.'s stock rose 1.14%, finishing yesterday's session at $40.88. A total volume of 904,247 shares was traded, which was above their three months average volume of 754,800 shares. The Company's shares are trading below their 50-day moving average by 0.94%. Additionally, shares of United Natural Foods, which together with its subsidiaries, distributes and retails natural, organic, and specialty foods and non-food products in the US and Canada, have an RSI of 51.78. On May 16th, 2017, research firm Loop Capital initiated a 'Buy' rating on the Company's stock. On June 06th, 2017, United Natural Foods reported financial results for Q3 FY17 ended April 29th, 2017. Net sales for the quarter were $2.37 billion; gross margin was 15.46%; total operating expenses were $301.4 million; and net income was $36.6 million. Cash flow from operations was $66.2 million and capital expenditures were $17.3 million, resulting in free cash flow of $48.9 million for Q3 FY17. 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News Article | June 12, 2017
Site: www.businesswire.com

ROSEMONT, Ill.--(BUSINESS WIRE)--Today US Foods unveiled its Summer Scoop™ 2017 (Summer Scoop) product lineup entitled, "It’s a Matter of Choice.” Designed to help restaurants meet the evolving demands of the discerning diner, Summer Scoop features 24 versatile products that cater to a variety of opposing tastes. Whether dining with family or a group of friends, the individual preferences of diners vary widely based on their ethics, lifestyle or personal approach. In fact, 44 percent of adults now say food restrictions, food allergies or avoidance of certain ingredients dictate what they eat.1 “ From socially conscious consumers to the specialized diets of food tribes, it’s becoming harder for groups of diners to visit a restaurant and find something on the menu that appeals to each of them,” said Stacie Sopinka, vice president of product development and innovation, US Foods. “ Within a party of four, it’s not uncommon to find at least one diner who is gluten-free or vegetarian while the others want to explore bolder, trending flavor combinations. When restaurants can expand the choices they offer consumers with a few simple additions to their existing menu, they win.” Summer Scoop offers versatile, on-trend products that are the recipe for bringing people together and helping independent operators succeed. Summer Scoop features a variety of meat and meatless options to help operators deliver on protein trends: Designed for vegetarians, paleo diets or those looking for bolder flavor combinations, Summer Scoop offers restaurants simple sides or small dishes that appeal to a variety of tastes. Product highlights include: As gluten-free offerings have grown 450 percent on menus over the past four years,3 gluten-free diners are seeking more authentic flavor experiences while indulgent diners are looking for rich, decadent desserts with authentic ingredients like real butter and sugar. Summer Scoop highlights include: In addition to these new products, Summer Scoop features enhancements to US Foods Online, an online platform designed to make ordering easy. Customers can now view personalized product recommendations, order status, details and history. Online ordering is fast, efficient and cost-effective. Learn more about US Foods Online at usfoods.com/order. For more on the full Summer Scoop lineup, visit usfoods.com/food/scoop and join the conversation on social media with #USFScoop. You can also like us on Facebook, follow us on Twitter and Instagram and watch our chefs in action on YouTube. 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.


Patent
US Foods | Date: 2013-01-11

A utensil dispenser including a reservoir that stores utensils and front and rear pedestals in contact with a next utensil. The pedestals contain a plurality of utensils within the reservoir. A gravity feed ramp moves the next utensil to an access port of the utensil dispenser. The utensil dispenser includes an actuator operably connected to a drive pin or other drive mechanism. The actuator is configured to halt a dispensing utensil at a ready position based upon contact between the dispensing utensil and the actuator. In the ready position, a handle portion of the dispensing utensil is accessible via the access port. The drive mechanism is configured to contact the next utensil. The actuator is configured to move the drive mechanism to move the next utensil to clear the front pedestal to release the next utensil from the reservoir onto the gravity feed ramp when the dispensing utensil is dispensed.

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