US Foods Holding Corporation (NYSE:USFD) Q2 2023 Earnings Conference Call August 10, 2023 10:00 AM ET

Company Participants

Adam Dabrowski - Director, Investor Relations

David Flitman - Chief Executive Officer and Director

Dirk Locascio - Executive Vice President and Chief Financial Officer

Conference Call Participants

Mark Carden - UBS

Edward Kelly - Wells Fargo

Brian Harbour - Morgan Stanley

Jeffrey Bernstein - Barclays

Kelly Bania - BMO Capital Markets

John Heinbockel - Guggenheim Securities

John Ivankoe - JPMorgan

Alex Slagle - Jefferies

Andrew Wolf - CL King & Associates

Jake Bartlett - Truist Securities

Peter Saleh - BTIG

Operator

Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the US Foods Second Quarter 2023 Quarterly Earnings Conference Call. [Operator Instructions] Thank you.

Adam Dabrowski, Director of Investor Relations. You may begin your conference.

Adam Dabrowski

Thank you, Rob. Good morning, everyone, and welcome to US Foods second quarter fiscal 2023 earnings call. Speaking on the call today, we have Dave Flitman, Chief Executive Officer; and Dirk Locascio, Chief Financial Officer. We will take your questions after prepared remarks conclude. Please provide your name, your firm and limit yourself to one question and one follow-up. Our earnings release issued earlier this morning and today's presentation slides can be accessed on the Investor Relations page of our website.

During today's call, and unless otherwise stated, we are comparing our second quarter results to the same period 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 2022 Form 10-K for a detailed discussion of these potential factors that could cause our actual results to differ materially from those anticipated in those statements.

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 appendices to the presentation slides posted on our website, except that we have not provided a reconciliation of forward-looking non-GAAP financial measures as indicated therein.

Thank you for your interest in Food, and I'll now turn over the call to Dave.

David Flitman

Thanks, Adam. Good morning, everyone, and thank you for joining us today. It's hard to believe that I've already been at US Foods for seven months. During this time, I have continued my focused effort to get deeper into the business and interact with more of our associates, customers, suppliers and investors. I'll start today by sharing highlights for the quarter and progress against our strategy and long-range plan before I hand it over to Dirk to review our financial results and updated fiscal 2023 guidance.