Three-Year Plan Targets 8-10% Adjusted EBITDA Growth
ROSEMONT, Ill.--(BUSINESS WIRE)--
US Foods Holding Corp. (NYSE: USFD) held its first Investor Day today to
highlight the company’s strategic priorities and financial objectives
for the next three years. The session focused on the company’s Great
Food. Made Easy.™ strategy and
differentiated offering.
“Today, we outlined how our innovation, technology and unique selling
model will help us continue to grow with our target customers,” said
Pietro Satriano, US Foods chairman and CEO. “We believe our strategy,
coupled with our focus on increasing productivity, will continue to
create long-term value for our shareholders and position us favorably in
an attractive and growing industry.”
“The priorities we shared during today’s meeting are expected to
generate 8-10% Adjusted EBITDA growth over the next three years,” said
Dirk Locascio, US Foods chief financial officer. “With a focus on
executing our strategy and improving our operating expense leverage, we
feel confident in our ability to generate strong cash flow and double
our adjusted diluted earnings-per-share over the mid-term.”
“Our Great Food. Made Easy. strategy is our differentiator and
our roadmap for success,” added Satriano. “Today’s presentation
highlighted our commitment to providing our customers the innovative
products and technology solutions they need to ‘Make It.’”
An archived replay of today’s Investor Day webcast and slides will be
available later today at ir.usfoods.com/investors/events-and-presentations.
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.
Forward-Looking Statements
Statements in this press release which are not historical in nature are
“forward-looking statements” within the meaning of the federal
securities laws. These statements often include words such as “believe,”
“expect,” “project,” “anticipate,” “intend,” “plan,” “outlook,”
“estimate,” “target,” “seek,” “may,” “would,” “should,” “could,”
“forecast,” “mission,” “strive,” “goal,” or similar expressions and are
based upon various assumptions and our experience in the industry, as
well as historical trends, current conditions, and expected future
developments. However, you should understand that there are a number of
risks, uncertainties and other factors that could cause our actual
results to differ materially from those expressed in the forward-looking
statements, including, among others: cost inflation/deflation and
commodity volatility; competition; reliance on third-party suppliers;
interruption of product supply or increases in product costs; our
substantial indebtedness and restrictions placed up on us under our debt
agreements; potential interest rate increases; customer retention and
changes in our relationships with group purchasing organizations; our
ability to achieve increased sales to independent restauranteurs;
successful consummation and integration of acquisitions; realization of
the expected benefits from our cost savings initiatives; fuel shortages
or volatility in fuel costs; industry and general economic factors
affecting consumer confidence and buying and eating habits; product
liability claims; our reputation in the industry; labor relations and
continued access to qualified labor; pricing and cost structures;
environmental, occupational health and food safety compliance;
government laws and regulations, and potential changes in existing laws
or regulations; technology disruptions and our ability to implement new
technologies; cybersecurity; management of retirement benefits and
pension liabilities; business disruptions caused by extreme weather
conditions; litigation risk; adequate protection of our brand/trade
names; and risks associated with intellectual property including
potential infringement.
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 fiscal year ended December 30, 2017, which was filed with the
Securities and Exchange Commission on February 27, 2018. The
forward-looking statements contained in this release speak only as of
the date of this release. We undertake no obligation to update or revise
any forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180315006006/en/
Source: US Foods Holding Corp.