U.S. Foods Holding Company (USFD) is a food service distributor that provides fresh, dry and non-perishable products to their foodservice customers including restaurants, healthcare, hospitality and retail.
USFD recently had several successful years of revenue and EBITDA growth driven by organic and inquisitional growth despite operating in a competitive market where customers are won by pricing and service. Management was looking for total case growth to expand between 9-11% and adjusted EBITDA growth of 12-15% in FY20. The solid outlook was due in part to the Food Group acquisition in 2019 and the