ROSEMONT, Ill. — US Foods Holding Corp. (NYSE: USFD) announced it has secured approximately 20 retail distribution partnerships across national grocery store chains, wholesale grocers and consumer packaged goods brands. To date, more than 700 US Foods distribution associates have been temporarily contracted to support this work. These associates are primarily in warehouse roles such as selectors who choose product for shipping and truck drivers who deliver product directly to a retailer’s distribution center or retail location.
In addition to these new distribution partnerships, US Foods is selling much-needed product to retailers across the country as they strive to maintain inventory given unprecedented consumer demand.
“As our country responds to the impacts of COVID-19, the demand on grocery retailers continues to grow,” said US Foods chairman and CEO Pietro Satriano. “Through these partnerships, we are creating new opportunities for our distribution workforce while helping to maintain the nation’s food supply. We value these new relationships and expect to add more partners as the situation continues to evolve.”
The company’s partners include The Kroger Co., one of the world’s largest food retailers, C&S Wholesale Grocers, the largest wholesale grocery supply company in the U.S., Albertsons Companies, one of the largest food and drug retailers in the U.S. and Oklahoma-based Homeland grocery stores.
About US Foods
US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 300,000 restaurants and foodservice operators to help their businesses succeed. With 28,000 associates and more than 70 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 more than $28 billion in annual revenue. Visit www.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,” “will,” “may,” “would,” “should,” “could,” “forecast,” “mission,” “strive,” “more,” “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 these statements are not guarantees of performance or results and 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; changes in our relationships with customers and group purchasing organizations; our ability to increase or maintain the highest margin portions of our business; effective integration of acquisitions; achievement of expected benefits from cost savings initiatives; fluctuations in fuel costs; economic factors affecting consumer confidence and discretionary spending; changes in consumer eating habits; our reputation in the industry; labor relations and costs; access to qualified and diverse labor; cost and pricing structures; changes in tax laws and regulations and resolution of tax disputes; governmental regulation; product recalls and product liability claims; adverse judgments or settlements resulting from litigation; disruptions of existing technologies and implementation of new technologies; cybersecurity incidents and other technology disruptions; management of retirement benefits and pension obligations; extreme weather conditions, natural disasters and other catastrophic events, including pandemics and the rapid spread of contagious illnesses; risks associated with intellectual property, including potential infringement; indebtedness and restrictions under agreements governing indebtedness; and potential interest rate increases.
For a detailed discussion of these risks, uncertainties and other factors, see the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended Dec. 28, 2019, which was filed with the Securities and Exchange Commission on Feb. 13, 2020. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements.
