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US Foods Reports Fourth Quarter and Fiscal Year 2020 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced results for the fourth quarter and full fiscal year 2020. The fourth quarter of fiscal year 2020 included 14 weeks compared to 13 weeks for the fourth quarter of fiscal year 2019, and the full fiscal year 2020 included 53 weeks compared to 52 weeks in the full fiscal year 2019. Certain financial results in this press release have been presented excluding the "extra week" in the fourth quarter and fiscal year 2020 in an effort to provide comparable results on a year-over-year basis. Organic financial results exclude contributions from Smart Foodservice, which was...

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Feb 16 9:55 AM, General News



Smart Foodservice Warehouse Stores to Become US Foods CHEF’STORE

US Foods Holding Corp. announced that effective March 1, Smart Foodservice Warehouse Stores will be rebranded as US Foods CHEF’STORE. US Foods acquired Smart Foodservice Warehouse Stores in April 2020 to accelerate growth in the cash and carry market. This change will combine the power of the US Foods brand with the assortment, pricing and customer service of Smart Foodservice Warehouse Stores and pave the way for an enhanced customer experience.

“Our new CHEF’STORE branding represents the next step in our continued partnership with US Foods,” said Derek Jones, president, US Foods CHEF’STORE. “Smart Foodservice Warehouse Stores and US Foods share a commitment to...

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Feb 16 8:25 AM, General News


Sysco Launches New and Exclusive, Chef-Tested Menu Concepts Through Cutting Edge Solutions Platform

Sysco Corporation, the leading global foodservice distribution company, introduced nine innovative concepts through its Cutting Edge Solutions platform. These new and differentiated products are available exclusively from Sysco and provide foodservice operators with unique menu offerings, innovative meal solutions and environmentally friendly cleaning and beverage products.

“Now more than ever, foodservice operators must provide differentiated offerings to succeed in this challenging operating environment. Sysco’s Cutting Edge Solutions platform offers...

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Feb 16 8:22 AM, General News


Tyson Foods and Malayan Flour Mills Berhad Announce Partnership

Tyson Foods and Malayan Flour Mills Berhad announced a partnership in which Tyson Foods will invest in the Malaysia-based company’s vertically integrated poultry business, which will add more supply flexibility for both companies. The transaction is subject to approval by the shareholders of Malayan Flour Mills Berhad (MFM), amongst others.

“Once completed, the poultry deal will optimize our existing Malaysia business and expand MFM’s poultry business,” said Chris Langholz, International President of Tyson Foods. “This partnership will add...

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Feb 10 10:53 AM, General News


Aramark Reports First Quarter Earnings

Aramark reported first quarter fiscal 2021 results.

"The resilience of our business through this dynamic period is rooted in the exceptional performance of our people on the front-lines, serving clients—many of which are essential businesses—across the globe," said John Zillmer, Aramark's Chief Executive Officer. "It has been remarkable to watch our team pull together in the face of such adversity, and I am proud of what we have been able to achieve as a result. Our ability to...

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Feb 9 10:19 AM, General News


Performance Food Group Reports Second Quarter and First Half Fiscal 2021 Results

Performance Food Group Company announced its second quarter and first half fiscal 2021 business results.

“I am proud of how our Company has continued to navigate through the current market conditions and distinguish ourselves as leaders in the food distribution industry,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “Despite the new challenges the holiday season brought for our business, our Foodservice segment still delivered a solid quarter while continuing the smooth integration of Reinhart. Looking ahead, I believe PFG is well-positioned to...

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Feb 4 7:26 AM, General News


Sysco Reports Second Quarter Fiscal 2021 Results

Sysco Corporation announced financial results for its 13-week second fiscal quarter ended December 26, 2020.

Second Quarter Fiscal 2021 Highlights

  • Sales decreased 23.1% to $11.6 billion
  • Gross profit decreased 25.8% to $2.1 billion; gross margin decreased 67 basis points
  • Operating income decreased 61.6% to $212.1 million; adjusted operating...
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Feb 2 9:42 AM, General News


UNFI Names Dorn Wenninger Senior Vice President of Produce

United Natural Foods, Inc. announced that Dorn Wenninger has been named its Senior Vice President of Produce effective today. In this role, Wenninger will oversee the growth as well as enhance and execute the strategy and expansion of UNFI’s capabilities in produce. Wenninger will report to Paul Green, UNFI's President of Fresh.

"For UNFI and our retail customers, the produce department represents one of the most significant growth opportunity areas in the store,” said Green. “Dorn is an experienced, highly respected, and well-connected leader who will not only...

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Feb 2 8:27 AM, General News


Get to Know Players in the Plant Protein Market: Roquette 

In 1933, brothers Germain and Dominique Roquette, identified an industrial need for potato starch in French textile markets. Both grain brokers, the brothers decided to establish a potato starch production plant in Lestrem, France, named Roquette. Little did they know their investment would grow to be a leading global provider of high-quality ingredient solutions spanning the food, nutrition, health, textile, and pharmaceutical markets sourced from across North America, Europe, and Asia.

Approaching a century of longevity, Roquette leads the marketplace with over forty years crafting and nurturing its expertise in providing plant protein solutions in the global food industry. To date, Roquette offers plant proteins sourced from wheat, fava beans, and...

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Jan 28 8:23 AM, Urner Barry


Cargill Expands Value-Added Protein Footprint Through Acquisition of ProPortion Foods

Cargill, the global food, agricultural, financial and industrial products company, announced the expansion of its value-added protein footprint through the acquisition of ProPortion Foods, a food manufacturer that supplies a variety of innovative fully cooked products, portion control steaks and marinated ready-to-grill meats.

Through the purchase, which closed in December 2020, Cargill gains two further-processed protein plants in Round Rock, Texas and Vernon, California. The Round Rock and Vernon facilities will deliver a variety of quality, fully cooked protein products for Cargill’s...

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Jan 27 8:23 AM, General News


Post Holdings Announces Partnership with Hungry Planet 

Post Holdings, Inc., a consumer packaged goods holding company, announced a partnership with Hungry Planet Inc., a plant-based meat company. In this new partnership, Post’s Foodservice and Refrigerated Retail units will work closely with Hungry Planet to expand the distribution of Hungry Planet’s industry-leading range of plant-based meats to address the rapidly growing demand for alternative protein solutions across all meal occasions.

Hungry Planet produces a full range of chef-crafted plant-based meats that match the taste and texture of conventional meat. Based in St. Louis, Hungry Planet meats are distributed throughout the United States via...

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Jan 27 8:21 AM, General News


Sysco Releases New Foodie Solutions Toolkits

Sysco Corporation announced the addition of four new toolkits to its Foodie Solutions platform. The Valentine’s Day, Wholesome Dining, Seafood and Greatest Game toolkits are the latest in a series of carefully curated resources that reflect the best ideas from across the foodservice industry for generating additional revenue and meeting consumer expectations for a safe and memorable dining, takeout or delivery experience.

Valentine’s Day is historically one of the most popular holidays to dine out, second only to Mother’s Day. Despite the pandemic, Sysco expects it will remain...

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Jan 18 8:27 AM, General News


PODCAST: Succeeding in Foodservice Through COVID-19

This week on Market Digest Laura is joined by Scott Tenner, Center of the Plate Protein Specialist, of Jacmar Foodservice. Scott discusses the importance of delivering quality ingredients to consumers, navigating...

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Jan 6 9:26 AM, Urner Barry


Get to Know Players in the Plant Protein Market: Planterra Foods

One of the fasted growing plant protein brands in the industry has achieved a remarkable 6% market share in a brisk 13-week period. Colorado based Planterra Foods, a subsidiary of Brazilian food giant JBS, has taken the plant-based market by storm with its OZO brand product line of burgers, ground, sausages, and meatballs.

Prior to its debut, OZO had an interesting start as a whiteboard drawing during a design brainstorming session. During the session, a team member at Planterra Foods first drew a globe representing the earth. Another team member added a second circle representative of...

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Dec 23 8:39 AM, Urner Barry


PODCAST: Lifting Others as We Grow - Mark Winkler, US Foods

This week Mark Winkler of US Foods discusses their innovations and initiatives through the COVID-19 pandemic. Between setting up ghost kitchens, helping small businesses adapt to a lack of indoor dining, and...

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Dec 22 10:42 AM, Urner Barry


Tom Peck Joins Sysco as Chief Information and Digital Officer

Sysco Corporation announced that Tom Peck will join the company as executive vice president and chief information and digital officer, effective Jan. 4, 2021. In this role, Peck will lead Sysco’s strategic efforts to accelerate its business transformation through customer-facing technology solutions and will lead the company efforts to modernize its technology infrastructure.

Peck has over 20 years of experience leading enterprise information technology strategy, services, operations, risk and cybersecurity for large global enterprises. He most recently served as...

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Dec 3 10:20 AM, General News


Performance Food Group Appoints Warren Thompson to Board of Directors

Performance Food Group Company announced that it has appointed Warren M. Thompson to serve as an independent director on its Board of Directors, effective today. This appointment expands PFG’s Board to 11 directors. The Board appointed Mr. Thompson to serve as a member of the Company’s Audit Committee and as a member of the Technology Committee, also effective immediately.

Mr. Thompson, 61, currently serves as President and Chairman of Thompson Hospitality Corporation, the largest minority-owned foodservice and facilities management company in the U.S. The company was founded in...

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Dec 3 8:18 AM, General News


Sysco Names Aaron E. Alt Chief Financial Officer

Sysco Corporation named Aaron E. Alt executive vice president and chief financial officer, effective Dec. 7, 2020. Joel Grade, currently executive vice president and chief financial officer, will assume a newly created role of executive vice president, business development. In this capacity, Joel will be responsible for accelerating both organic and inorganic sales growth through new business development, including strengthening future M&A capabilities. Joel’s extensive experience in operations and finance make him uniquely qualified for this role as Sysco looks to accelerate its business transformation.

Alt most recently served as chief financial officer and senior vice president of Sally Beauty Holdings, an international specialty retailer and wholesale distributor of professional beauty supplies, and...

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Nov 18 8:34 AM, General News


Performance Foodservice Launches Proprietary Line of Plant-based Protein Products

Performance Foodservice, a division of Performance Food Group Company, announced the launch of its Green Origin brand, a proprietary line of plant-based protein products. Made from simple ingredients, the Green Origin portfolio includes plant-based burgers, grinds, breakfast sausages, and nuggets. Green Origin products are made exclusively by Greenleaf Foods, SPC, owner of leading plant-based brands Lightlife and Field Roast. With this launch, Performance Foodservice will have one of the largest plant-based Exclusive Brand portfolios in the industry.

“We’re well past the point of plant-based eating as a niche trend,” said Fred Sanelli, senior vice president of marketing and sales at Performance Foodservice. “It has become a significant and growing segment in...

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Nov 17 8:28 AM, General News


Sysco Eliminates Minimum Delivery Requirements and Offers Services to Support Restaurant Industry

Sysco Corporation announced it will eliminate minimum delivery size requirements for customers’ regularly scheduled delivery days as part of the company’s Restaurants Rising campaign. This change is effective on Nov. 16 for all U.S. Broadline, FreshPoint, Buckhead Meat and Newport Meat customers.

Removing minimum delivery requirements is yet another way Sysco is leading the industry in supporting the success of restaurants, providing operators significant added flexibility in managing their business and making it easier to...

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Nov 16 8:20 AM, General News


Sweet Earth Foods Partners with U.S. Colleges and Universities to Expand Plant-Based Dining Options

Sweet Earth Foods, a Nestlé Professional brand and award-winning plant-based food innovator, announced their expansion of the PB Triple Play – the first 100% plant-based Bac'n Cheezeburger – and other new plant-based options for students at five premier universities across the U.S., including University of Massachusetts, Notre Dame and Yale. These limited-time offerings will be available on college campuses in November and offered as more permanent menu items in 2021.

Sixty-five percent of Gen Z wants a more "plant-forward" diet, while 79% would eat meatless meals once or twice a week. Now, as more Gen Z students demand plant-based options, colleges search for vegan options that are both plant-powered and flavorful. The PB Triple Play and other...

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Nov 11 8:14 AM, General News


Performance Food Group Reports First-Quarter Fiscal 2021 Results

Performance Food Group Company announced its first-quarter fiscal 2021 business results.

“I am very pleased with our first-quarter results as the organization continues to take market share and prove its resiliency,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “Our Foodservice segment once again outperformed the industry, particularly in the independent restaurant channel. The integration of Reinhart has progressed smoothly and Vistar, despite its exposure to some of the hardest hit channels, has remained profitable due to strength in the convenience store channel. Our associates are...

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Nov 5 8:35 AM, General News


Sysco Reports Sales Decline in First Quarter Fiscal 2021 Results

On Tuesday Sysco Corporation announced their financial results for its 13-week first fiscal quarter, which ended September 26, 2020. According to the company, sales decreased by 23% to $11.8 billion and gross profit decreased by 24.6% to $2.2 billion.

“Although our first quarter 2021 results continue to be impacted by the pandemic, we are pleased with our overall expense management and our ability to produce positive free cash flow and a profitable quarter despite a 23% reduction in sales,” said Sysco president and CEO Kevin Hourican...

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Nov 3 10:14 AM, SeafoodNews


US Foods Reports Third Quarter Fiscal 2020 Earnings

US Foods Holding Corp. announced results for the third quarter of fiscal 2020. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from Smart Stores Holding Corp. (“Smart Foodservice”), which was acquired on April 24, 2020. For the Food Group of Companies (the “Food Group”), which was acquired on Sept. 13, 2019, organic financial results include contributions for the Sept. 14, 2020, through Sept. 26, 2020, time period only.

Third Quarter Fiscal 2020 Highlights

  • Total case volume decreased 8.9%; total organic case volume decreased 22.2%
  • Net sales decreased 10.5% to $5.8 billion
  • Gross profit decreased 15.7% to $974 million
  • Net loss available to common shareholders was...
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Nov 3 8:24 AM, General News


Sysco Announces 2020 Corporate Social Responsibility Report

Sysco Corporation announced it has published its 2020 Corporate Social Responsibility (CSR) Report, documenting the company’s progress toward its 2025 CSR goals and demonstrating its “Leadership In Extraordinary Times.”

Sysco’s industry-leading CSR strategy sets a clear path for the future and demonstrates the company’s enduring commitment to caring for people, sourcing products responsibly and protecting the planet.

“I am so proud of how Sysco associates have supported our communities – and each other – while also making significant progress toward our CSR goals. They have risen to the challenges that the pandemic has presented and...

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Oct 29 8:22 AM, General News


US Foods Releases Holiday Scoop 2020 

US Foods Holding Corp. announced the launch of Holiday Scoop 2020, “Wow Your Diners On- and Off-Premise.” With this special edition of Scoop, operators can design family-style take-out meals to meet increased demand during the busy holiday season, and develop a new rotation of on-trend menu items to help fight menu fatigue whether diners are ordering to-go or dining in. Holiday Scoop features 14 items to help restaurant owners create standout menu items that not only meet diner demand but increase revenue opportunities this season.

“Dining trends have evolved rapidly since the pandemic hit, and this holiday season is certainly no exception,” said Stacey Kinkaid, vice president, product development and innovation, US Foods. “In fact, according to a recent US Foods survey, one in three consumers report that they plan to order more from restaurants for the upcoming holidays. Families are faced with...

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Oct 28 8:28 AM, General News


US Foods Announces New Chief Supply Chain Officer

US Foods Holding Corp. announced that Bill Hancock will join the company as Executive Vice President and Chief Supply Chain Officer, effective Nov. 9, 2020. Hancock will oversee all warehousing, transportation, and supply chain strategy and operations on behalf of the company, as well as safety, labor relations and continuous improvement. He will report to Chairman and Chief Executive Officer Pietro Satriano.

“Bill joins US Foods with extensive supply chain leadership experience,” said Pietro Satriano, Chairman and Chief Executive Officer of US Foods. “His proven track record of driving customer service, improving productivity, and...

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Oct 19 7:42 AM, General News


Meatless Farm Launches New Plant-Based Breakfast Product in Canada

Meatless Farm announced it has partnered with Canada’s leading foodservice distributors, to bring a new meat-free product to Canada.

In addition to the existing product line of meat-free burgers, the company has introduced new plant-based breakfast sausage patties for the Canadian market. Both the burger and the breakfast sausage patty are available in a 36-pack case and will be introduced across the country through our Fresh Pro Sales broker team as foodservice distributors look to expand their product offerings.

Meatless Farm’s internal team of chefs and food scientists developed recipes that provide the market with high quality taste and texture in plant-based meat alternatives. The new recipe – a next-generation soy-free, completely pea-based mix – more closely resembles...

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Oct 15 8:26 AM, General News


Zero Egg Cracks U.S. Plant-Based Foodservice Market 

As demand for alternatives to animal products is at an all-time high among omnivores, vegetarians, and vegans alike, Zero Egg, is cracking the U.S. market by boldly taking over the decades-old traditional World Egg Day on October 9 to introduce the a plant-based egg replacement that tastes, looks, and functions like an ordinary egg, but is entirely made with plants.

Now available to all U.S. foodservice operators and food manufacturers, Zero Egg offers two products, "EGG Basics," crafted to rival ordinary eggs in traditional egg entrees and breakfast dishes, and "BAKE Basics," developed for specialty baking. Both products come in powder form with high yields that offer...

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Oct 9 8:22 AM, General News


Sysco Testing All-Electric Freightliner Truck

Sysco Corporation announced it is testing an all-electric Freightliner eCascadia from Daimler Trucks North America (DTNA). Sysco’s participation in this initiative is consistent with its Corporate Social Responsibility (CSR) strategy and the Company’s ongoing efforts to reduce its carbon footprint.

This initiative is a part of DTNA’s ongoing work to engage customers in its commercial electric vehicle development process by deploying trucks in real-world applications. Sysco aims to power more of its tractor fleet with alternative fuels, and deployment of electric trucks will play a significant role in achieving that objective.

“We are excited to partner with DTNA on this important work,” said Neil Russell, Sysco’s vice president of corporate affairs. “Collaborating with manufacturers to develop new truck models that can meet...

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Oct 7 9:35 AM, General News


US Foods Publishes 2019 Corporate Social Responsibility Report

US Foods Holding Corp. has published its 2019 Corporate Social Responsibility report. This is the company’s first expanded CSR report, and it highlights the company’s 2019 progress across its three CSR pillars: people, planet and products.

“At US Foods, our CSR platform is built on our long-standing commitment to operating with the highest levels of integrity and a respect for the greater good,” said US Foods Chairman and CEO, Pietro Satriano. “We are proud of the progress represented in this report and the hard work of our associates who contributed to these efforts. We look forward to continuing to advance...

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Oct 1 8:22 AM, General News


United Natural Foods Reports Record Fourth Quarter and Strong Full Year Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the fourth quarter (13 weeks) and fiscal year (52 weeks) ended August 1, 2020.

Fiscal 2020 Full Year Highlights

(Fiscal 2019 was a 53 week year that included the contribution from an acquisition for 41 weeks)

  • Net sales increased to $26.5 billion
  • Net loss of $(274) million, including $425 million pre-tax goodwill and asset impairment charges recorded in the first quarter of fiscal 2020
  • Adjusted EBITDA increased to $673 million
  • Loss per diluted share (EPS) improved to $(5.10)
  • Adjusted EPS increased to...
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Sep 30 8:23 AM, General News


Sysco Announces Launch of New Menu Concepts

Sysco Corporation announced the nationwide launch of ten exciting menu concepts exclusively for Sysco customers through the company’s Cutting Edge Solutions platform. These chef-tested and innovative products are being launched to help foodservice operators with on-trend dining options as they enter a new normal phase of restaurant dining amidst the global pandemic.

Designed to help Sysco’s customers stay ahead of their competition, Cutting Edge Solutions products are sourced from best-in-class suppliers at the forefront of innovation. Each offering meets important dining trends such as...

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Sep 28 8:43 AM, General News


SpartanNash Announces New President and CEO

SpartanNash Company announced that it has hired Tony B. Sarsam as President and Chief Executive Officer. Sarsam will assume that role and join the Board of Directors, effective September 21, 2020. Interim President and CEO Dennis Eidson will continue in his role as Chairman of the Board and will serve as Executive Chairman for a period of thirty days to ensure a smooth transition with Sarsam.

Sarsam is an accomplished CEO who has a unique blend of consumer products and supply chain expertise in the food industry, which positions him especially well to lead SpartanNash Company. Sarsam most recently served as CEO of Borden Dairy Company, Inc. where he led business growth and positive trends in a challenging industry. He successfully led Borden through its recent restructuring and...

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Sep 15 8:23 AM, General News


US Foods Fall Scoop Helps Restaurant Operators Stay On Point With Evolving Off-Premise Trends

US Foods Holding Corp. announced the launch of Fall Scoop 2020, titled “On Point With Off-Premise – Designed To Make It.” This special edition of Scoop features 14 products designed to address trends within off-premise dining such as labor-saving products perfect for DIY meal kits and products that will help ease diner safety and hygiene worries, including tamper-evident packaging and sanitation items.

“The restaurant environment has changed immensely with the surge in off-premise dining, and the ability for restaurant operators to adapt with creativity, labor savings and safety in mind is...

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Sep 15 8:22 AM, General News


Planterra Foods Launches Plant-Based Offerings for Foodservice Operators 

At a time when foodservice operators are pivoting to counteract the world's health pandemic, menu innovation, and addressing consumer's evolving demands are more vital than ever. Innovative Colorado-based start-up Planterra Foods is answering the call and launching a line of OZO plant-based protein products for foodservice. The OZO foodservice line is now available in four plant-based offerings: burgers, ground, nuggets and breakfast sausage patties, catering to all dayparts.

The debut of OZO will elevate the protein possibilities that foodservice operators can feature on their menu to attract new customers and increase check averages. To support its partners during this recovery period and...

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Sep 10 8:21 AM, General News


Premium Brands Announces Acquisition of Global Gourmet Foods and Allseas Fisheries 

Premium Brands Holdings Corporation, a leading producer, marketer and distributor of branded specialty food products, announced that it has acquired Global Gourmet Foods Inc. and signed an agreement to acquire Allseas Fisheries Inc.

Global Gourmet is one of Canada’s leading providers of ready-to-eat kettle cooked food solutions, including protein-based fillings, specialty sauces, soup bases and side dishes, to retailers and restaurants in Canada and...

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Sep 1 8:53 AM, General News


SpartanNash Announces Second Quarter Fiscal 2020 Financial Results

SpartanNash Company reported financial results for its 12-week second quarter ended July 11, 2020.

Second Quarter Fiscal 2020 Highlights

  • Net sales growth of 9.4% to $2.18 billion from $2.00 billion in the prior year quarter, representing the seventeenth consecutive quarter of growth.
  • Retail comparable store sales of 17.1% were positive for the fourth consecutive quarter, representing a continuation of trends driven by increased consumer demand related to the COVID-19 pandemic.
  • EPS of $0.80 per share, compared to...
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Aug 14 8:23 AM, General News


PODCAST: The Grocerant Guru - Steve Johnson, An Expert on Innovative Distribution in the New Normal

What can protein producers be doing to get product into new and innovative channels? Laura sat down with Steve Johnson, the Grocerant Guru, to discuss just that. With extensive research and experience with ever-changing consumer trends, Steve shares his recipes for success...

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Aug 12 11:38 AM, Urner Barry


Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2020 Results

Performance Food Group Company announced its fourth-quarter and full-year fiscal 2020 business results.

Fourth-Quarter Fiscal 2020 Highlights

  • Total case volume declined 11.5%
  • Net sales declined 2.1% to $5.8 billion
  • Gross profit declined 8.7% to $639.1 million
  • Net loss of $151.2 million
  • Adjusted EBITDA declined...
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Aug 12 9:03 AM, General News


Aramark Prepared to Welcome College Students Back to Campuses Across the Country

As many college campuses make arrangements to safely open amid COVID-19, Aramark, a leading food and facilities partner with hundreds of colleges and universities across the U.S., is prepared to meet the safety and hygiene standards required in today’s ever-changing environment. This includes introducing a variety of new programs and service offerings to support a safe, enjoyable campus dining experience.

“As with many other aspects of campus life, dining services will look and feel a little different this Fall,” said Jack Donovan, President of Aramark’s Higher Education business. “Knowing health and safety is imperative for returning students and faculty, as well as...

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Aug 6 8:23 AM, General News


Aramark Reports Third Quarter Earnings

Aramark reported third quarter fiscal 2020 results.

“I am encouraged by how well the Company continues to navigate the complexities and challenges of the current environment. Our balance sheet and new business pipeline remain strong, and we have taken strategic actions to fortify Aramark for the future," said John Zillmer, Aramark’s Chief Executive Officer. “I am also proud of how our team members have remained focused on serving our client partners and communities in the face of significant adversity.”

Third Quarter Results

Consolidated Revenue was $2.2 billion in the quarter, down 46.3% year-over-year from the impact of COVID-19 that more than offset modest underlying growth in the overall business. Revenue improved sequentially through each fiscal month with April reflecting...

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Aug 4 9:19 AM, General News


US Foods Reports Second Quarter Fiscal 2020 Earnings

US Foods Holding Corp. announced results for the second quarter of fiscal 2020. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from Smart Stores Holding Corp. (“Smart Foodservice”), which was acquired on April 24, 2020 and the Food Group of Companies (the "Food Group"), which was acquired on Sept. 13, 2019.

Second Quarter Fiscal 2020 Highlights

  • Total case volume decreased 28.0%; total organic case volume decreased 40.2%
  • Net sales decreased 29.2% to $4.6 billion
  • Gross profit decreased 41.2% to $671 million
  • Net loss available to common shareholders was...
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Aug 4 9:11 AM, General News


Foodservice Associations, NFI Praise PLUS Act Aimed at COVID-19 Relief for Distributors

Representatives Darin LaHood (R-IL) and Jimmy Panetta (D-CA) introduced the Providing Liquidity for Uncollectible Sales (PLUS) Act. The legislation, which provides a tax credit to offset uncollectable debt incurred due to COVID-19 shutdowns, received support from the United Fresh Produce Association, the International Food Distributors Association (IFDA), and National Fisheries Institute (NFI).

Shutdowns lead to significant losses in the foodservice distribution sector as restaurants and other entities were unable to pay distributors for products...

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Jul 22 11:57 AM, General News


United Natural Foods Reports Third Quarter Fiscal 2020 Results

United Natural Foods, Inc. reported financial results for the third quarter of fiscal 2020 (13 weeks) ended May 2, 2020.

Third Quarter Fiscal 2020 Highlights

  • Net Sales increased 12% to $6.67 billion compared to $5.96 billion in last year's fiscal third quarter
  • Net income increased 54% to $88 million; Adjusted EBITDA increased 32% to $222 million
  • Earnings per diluted share (EPS) of $1.60; Adjusted EPS increased 130% to $1.40
  • Net debt reduced by $302 million compared to the second quarter of fiscal 2020
  • Updates fiscal 2020 guidance, which includes the impact of Retail included...
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Jun 10 9:24 AM, General News


Aramark Opens More than 100 Pop-Up Grocery Stores for Frontline Healthcare Workers

As the fight against COVID-19 continues, Aramark is continuing to assist and support frontline workers by opening on-site ‘pop-up’ grocery stores at healthcare facilities across the country, to serve as a one-stop shop for doctors, nurses and hospital staff to grab necessities on their way home. To date, Aramark has opened more than 100 pop-up stores.

The Company is transforming existing retail spaces into grocery stores offering a variety of fresh baked goods, bread, milk, eggs, non-perishable items, paper towels, health & beauty aids and more.

These ‘mini-marts’ stock basic and hard-to-get items that Aramark is able to source through its vast distributor network. By offering a place to shop within their workplace environment...

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Jun 3 8:08 AM, General News


US Foods to Provide Free Reopening Kits to Independent Restaurants Across the Country

US Foods Holding Corp. announced it is giving away free reopening kits to qualifying independent restaurant owners to help support restaurant reopening efforts in communities across the U.S. The reopening kits provide independent restaurant operators with must-have supplies such as masks and safety guidance posters as well as resource guides to navigate state and local COVID-19 reopening requirements and help create a safer environment for staff and customers alike.

This initiative builds on the company’s ongoing commitment to providing foodservice operators with the expertise, resources and tools to help them successfully adapt their operations during COVID-19...

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Jun 2 8:13 AM, General News


JUST Announces Partnership with Post Holdings’ Michael Foods

JUST and Michael Foods, a subsidiary of Post Holdings and one of the largest processors of value-added eggs in the world, announced a groundbreaking new partnership to bring the top-selling, plant-based JUST Egg to millions more consumers in the United States.

Under the arrangement, Michael Foods will be the exclusive manufacturer, supplier and distributor of JUST Egg to foodservice and food ingredient customers who are already familiar with their industry-leading egg brands such as Papetti’s, Abbotsford Farms and Davidson’s Safest Choice and are in search of a unique, plant-based egg product.

For over 100 years, the Michael Foods family of businesses have leveraged quality ingredients and cutting-edge processes to offer the finest products and solutions to their customers. This partnership adds...

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May 19 8:08 AM, General News


United Natural Foods Provides COVID-19 Business Update

United Natural Foods, Inc. provided the following business update related to the COVID-19 pandemic, including announcing preliminary third quarter fiscal 2020 results and actions it is taking to protect and support its associates who are continuing to provide North America with essential services during this time of emergency.

"I am incredibly proud of the entire UNFI team, especially our front line distribution center, transportation and retail associates, who have been working diligently to fulfill UNFI's role as a critical link in the North American food supply chain during this unprecedented time. The safety of our team has always been and will continue to...

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May 14 8:15 AM, General News


Marie Robinson Joins Sysco as Chief Supply Chain Officer

Sysco Corporation announced that Marie Robinson has joined the company as executive vice president and chief supply chain officer. She is Sysco’s senior supply chain leader with responsibility for leading the company’s supply chain transformation aimed at accelerating profitable growth through more tailored supply chain solutions.

“I am thrilled to have a leader of Marie’s caliber join our team,” said Kevin Hourican, Sysco’s president and chief executive officer. “She brings substantial experience leading international supply chain organizations, network transformation initiatives, distribution centers, and...

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May 11 8:12 AM, General News


Aramark Reports Second Quarter Earnings

Aramark today reported second quarter fiscal 2020 results.

“Our hearts go out to everyone who has been impacted by COVID-19, most especially our employees, client partners and customers who have experienced personal and financial hardship," said John Zillmer, Aramark’s Chief Executive Officer. “I am proud of the heroic efforts of our dedicated team members who are providing safe and hygienic food, uniforms and facility services during this challenging time."

"Our financial performance demonstrates the resiliency of Aramark’s flexible business model, as well as our ability to adapt quickly to changing market conditions,” Zillmer added. “The proactive steps we have taken to navigate this difficult economic environment should...

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May 5 9:32 AM, General News


US Foods Reports First Quarter Fiscal 2020 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first quarter of fiscal 2020. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from the Food Group of Companies (the "Food Group"), which was acquired on Sept. 13, 2019.

First Quarter Fiscal 2020 Highlights

  • Total case volume increased 3.4%; independent restaurant case volume increased 0.5%
  • Total organic case volume decreased 7.3%; independent restaurant organic case volume decreased 7.4%
  • Net sales increased 5.1% to $6.3 billion
  • Gross profit increased 1.3% to $1.1 billion
  • Loss before income taxes was...
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May 5 9:22 AM, General News


Sysco Reports Third Quarter Fiscal 2020 Results

Sysco Corporation announced financial results for its 13-week third fiscal quarter ended March 28, 2020.

Third Quarter Fiscal 2020 Highlights

  • Sales decreased 6.5% to $13.7 billion
  • Gross profit decreased 6.9% to $2.6 billion; gross margin decreased 7 basis points
  • Operating income decreased 88.6% to $60.3 million; adjusted¹ operating income decreased 39.2% to $377.0 million
  • EPS decreased $0.86 to $(0.01); adjusted...
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May 5 9:17 AM, General News


USDA Announces Additional Food Purchase Plans

U.S. Secretary of Agriculture Sonny Perdue announced details of $470 million in Section 32 food purchases to occur in the third quarter of fiscal year 2020, in addition to purchases previously announced, which will enable USDA to purchase surplus food for distribution to communities nationwide. These Section 32 purchases will provide additional support for producers and Americans in need, in response to changing market conditions caused by the COVID-19 national emergency.

“President Trump has authorized USDA to support our farmers affected by this national emergency and this action to purchase food and deliver to those in need further demonstrates his unwavering support for the American people during these unprecedented times,” said Secretary Perdue. “America’s farmers and ranchers have...

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May 5 8:10 AM, General News


Performance Food Group Company Reports Third Quarter Results

Performance Food Group Company today announced its third-quarter and first-nine months fiscal 2020 business results.

“The COVID-19 pandemic has brought unique challenges to our industry and Company,” said George Holm, PFG’s Chairman, President & Chief Executive Officer, “and I am very proud of how our associates have responded. PFG is committed to keeping our associates safe and taking actions to support the customers and communities we serve while positioning our business to weather today’s environment and emerge on a strong financial and business footing. We have raised additional capital in both the equity and debt markets to...

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May 4 9:43 AM, General News


UNFI Names Jim Gehr Chief Supply Chain Officer

United Natural Foods, Inc. announced that it has named Jim Gehr as its new Chief Supply Chain Officer effective Monday, May 4. In this role, Gehr will lead an organization of over 12,000 associates working across four regions and 59 distribution centers, delivering 1.3 billion cases annually to UNFI's more than 30,000 customers. He will immediately focus on UNFI's warehouse logistics while further advancing UNFI's automation investments, distribution center expansions and network optimization. Gehr will report to Eric Dorne, UNFI's Chief Operating Officer.

"Jim is a highly-regarded supply chain executive who brings operational excellence experience to UNFI along with a proven track record of building and motivating teams," said Dorne. "He has a history of creating and growing business opportunities, establishing sustainable processes, and developing...

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May 4 8:13 AM, General News


COVID-19 Impact on the Plant-Based Meat Market

According to MarketsandMarkets, the global plant-based meat market size is projected to grow from $3.6 billion in 2020 to $4.2 billion by 2021, recording a compound annual growth rate of 17.0% in the realistic scenario during the forecast period.

The pea segment is projected to be the fastest-growing segment in the plant-based meat market during the forecast period.

The use of pea in plant-based meat has gained significant prominence over the past two years, driven by companies such as Beyond Meat (US), R&S Blumos (Brazil), and other regional players who are...

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Apr 23 8:19 AM, General News


The Coronavirus Crisis from the K-12 Operator Perspective

Nearly all school districts have ended in-person instruction due to the coronavirus pandemic, with many states planning to keep schools closed for the remainder of the academic year. However, some families rely on free and reduced meals that schools provide to students. Some districts are seeing rising participation in these meal programs as more people are experiencing layoffs and furloughs.

Previously, K-12 operators were not permitted to deliver food or have food for off-premise consumption. Now, those are their only options for service. Although these operators are accustomed to dealing with an at-risk population with existing safety measures and...

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Apr 22 8:19 AM, Urner Barry


Sysco Launches Campaign to Connect Foodservice Operators to Its Fresh Products 

Sysco Corporation announced that it has launched a new “Sysco Knows Fresh” multi-channel campaign designed to promote both the company’s high quality, fresh product offering and its widespread availability to customers, consumers and the industry.

“Sysco continues to lead our industry in providing an expansive fresh product assortment – including fresh meats and seafood, produce, dairy and refrigerated specialty items. Especially during these challenging times, we want our customers to know they can count on Sysco to help them succeed with...

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Apr 13 8:12 AM, General News


Coronavirus Crisis From the Foodservice Operator Perspective 

According to a recent report by Datassential, fears of irreparable harm are building more significantly among restaurant operators, particularly those leading full-service locations. Not all on-site segments are carrying on seamlessly, as lodging has a huge vacancy problem and many college campuses are closed.

However, other operators have kept moving along, even if dine-in options can no longer be offered until further notice. All foodservice operators are focused on remaining open as much as possible and serve customers via the few options left. During this time, suppliers and manufacturers need to be flexible, as operators need to be...

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Apr 9 8:19 AM, Urner Barry


Performance Food Group Announces Partnerships and Corporate Actions

Performance Food Group Company announced several new partnerships and corporate actions to strengthen its business during the novel coronavirus pandemic.

“As we all adapt to the COVID-19 pandemic, our company is in a crucial position to keep our country’s food supply chain strong,” said George Holm, PFG Chairman, President & CEO. “We are proud of the tremendous effort and dedication shown by our talented associates who are working tirelessly to keep people fed during this time. In addition to working with our existing customers, we have formed several new partnerships, brought in new business and shared many of our associates with organizations that are experiencing labor shortages. PFG is also diligently assessing and managing how we spend our capital so that we are in the best financial position possible. With our new partnerships and...

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Apr 1 2:39 PM, General News


Protein Distributors Pivot to Direct to Consumer Model as Coronavirus Impacts Foodservice Sector

Outside of the box thinking from protein producers and distributors have led companies to pivot to a direct to consumer business model as the coronavirus halts the foodservice sector.

One company making headlines is Premier Meats. Located just outside of Los Angeles, California, Premier Meats has opened up its doors to the public for the first time. The company is selling its products which typically head to restaurants in the city, straight to local consumers.

Urner Barry market participants have reported following similar paths as Premier Meats to try and find a home for product. From providing pick up points at their facilities to offering...

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Mar 20 12:17 PM, Urner Barry


JUST Expands Partnerships Globally, Raises Capital & Adds Former Coca-Cola Executive

JUST announced a host of partnerships to manufacture and distribute its JUST Egg across North America, Latin America, Europe, and East Asia. This global infrastructure, which includes millions of additional points of potential distribution and access to production facilities on multiple continents, will provide the scale needed to meet the increasing worldwide demand for the product.

Included in this partnership announcement are South Korea’s food company, SPC Samlip; one of Southeast Asia’s largest food companies, Betagro Group; bakery company, Grupo Bimbo; one of Latin America’s largest edible oil and fat producers, Alianza Team; and local delivery platform, Delivery Hero. This infrastructure builds on a previously announced manufacturing and distribution partnership with...

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Mar 19 8:23 AM, General News


SpartanNash Promotes Thomas Swanson

SpartanNash announced the promotion of Thomas E. Swanson to Executive Vice President and General Manager, Corporate Retail.

Mr. Swanson was named Senior Vice President and General Manager, Corporate Retail in October 2018, responsible for leading the corporate retail business unit for all corporate retail banners and Quick Stop fuel and convenience centers. Mr. Swanson’s energy and passion for retail have been instrumental in SpartanNash’s success. His impact has resulted in positive retail comparable sales for the last two quarters. Mr. Swanson also has overseen the transition and integration of more than...

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Mar 11 10:26 AM, General News


US Foods to Acquire Smart Foodservice Warehouse Stores

US Foods announced that it has entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management for $970 million in cash.

Smart Foodservice operates 70 small-format cash and carry stores across California, Washington, Oregon, Idaho, Nevada, Utah and Montana that serve small and mid-sized restaurants and other food business customers with a broad assortment of products. Founded in 1955 and headquartered in the greater Portland, Oregon area, Smart Foodservice employs approximately 900 associates. Smart Foodservice had 2019 revenues of...

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Mar 6 9:45 AM, General News


Sysco Announces Leadership Promotions

Sysco Corporation announced two senior leadership promotions. Eve McFadden has been promoted to senior vice president of legal, general counsel and corporate secretary, after being promoted to vice president and general counsel in 2019. Since joining Sysco in 2008, Eve has provided effective leadership in the areas of employment law, antitrust compliance, and ethics and compliance. In addition, her skills in building strong partnerships within the business has contributed to the company’s success.

In her new role, Eve will continue to act as general counsel, adding responsibility for Sysco’s Enterprise Risk Management function, under which she recently established a new team focused on developing a global framework for Sysco’s environment, health and...

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Mar 6 8:23 AM, General News


Quirch Foods Opens New Distribution Center 

Quirch Foods, LLC opens its sixth distribution center in Greensboro North Carolina. The expansion is an essential component to the growth of the company which seeks to continue expanding and leveraging its distribution reach. Currently operating with 5 distribution centers located throughout the Southeast and the Caribbean, the sixth facility is set to begin operations in early March of 2020. The addition of this warehouse facility extends the company’s reach and ability to service independent and national supermarkets in and around the Carolinas and northward.

“We continue to look for opportunities to expand our reach and find strategic locations which will facilitate a...

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Mar 6 8:20 AM, General News


US Foods Announces Launch of Spring Scoop 

US Foods announced the launch of Spring Scoop, “Raising the Bar: The Classics – Celebrated and Elevated.” The 25th edition of Scoop features products designed to help bar-and-grill operators easily get creative and innovate with their menus, with elevated, upsell-worthy versions of their traditional bar-and-grill fare.

As modern diners seek bolder flavors, new menu experiences and flexible dietary substitutions, adding new items to the menu and elevating the classics with on-trend ingredients is critical to maintaining a competitive advantage. In fact, 54% of diners consider new menu items important to their decision when...

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Mar 2 10:03 AM, General News




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