USFD - US Foods Holding Corp. (USFD) Q4 2023 Earnings Call Transcript

2024-02-15 14:50:24 ET

US Foods Holding Corp. (USFD)

Q4 2023 Earnings Conference Call

February 15, 2024 09:00 ET

Company Participants

Mike Neese - Senior Vice President of Investor Relations

David Flitman - Chief Executive Officer

Dirk Locascio - Executive Vice President & Chief Financial Officer

Conference Call Participants

Lauren Silberman - Deutsche Bank

Brian Harbour - Morgan Stanley

Kelly Bania - BMO Capital Markets

John Heinbockel - Guggenheim Securities

Alexander Slagle - Jefferies LLC

Peter Saleh - BTIG

Jake Bartlett - Truist Securities

Edward Kelly - Wells Fargo Securities

Jeffrey Bernstein - Barclays

Mark Carden - UBS

John Ivankoe - JPMorgan

Andrew Wolf - CL King & Associates

Presentation

Operator

Thank you for standing by. My name is Eric and I will be your conference operator today. At this time, I would like to welcome everyone to the US Foods Fourth Quarter 2023 Earnings Call. [Operator Instructions]

I would now like to turn the call over to Mike Neese, Senior Vice President, Investor Relations. Please go ahead.

Mike Neese

Thank you Eric. Good morning and welcome to US Foods fourth quarter and full year fiscal 2023 earnings call. On today's call, we have David Flitman, our CEO; and Dirk Locascio, our CFO. We will take your questions after our prepared remarks conclude. Please limit yourself to one question and one follow-up. Our earnings release issued earlier this morning in today's presentation can be found on the Investor Relations page of our website at ir.usfoods.com.

During today's call and unless otherwise stated, we're comparing our fourth quarter and full year 2023 results to the same period in fiscal year 2022. In addition to historical information, certain statements made during today's call are considered forward-looking statements. Please review the risk factors in our Form 10-K for a detailed discussion of the potential factors that could cause our actual results to differ materially from as anticipated in those results. Lastly, during today's call, we will refer to certain non-GAAP financial measures. All reconciliations to the most comparable GAAP financial measures are included in the schedules on our earnings press release as well as in the presentation slides posted on our website. We are not providing reconciliations to forward-looking non-GAAP financial measures.

Now, I'd like to turn the call over to David.

David Flitman

Thanks, Mike. Good morning, everyone and thank you for joining us today. Let's turn to today's agenda. I'll start by sharing highlights from my first year at US Foods and progress against our key strategy pillars and long-range plan. Before I hand it over to Dirk to review our fourth quarter and full year 2020 financial results as well as fiscal 2024 guidance....

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