US Foods Holding Corp. (NYSE:USFD) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET

Company Participants

Adam Dabrowski - Investor Relations

Andrew Iacobucci - Chief Executive Officer

Dirk Locascio - Chief Financial Officer

Robert Dutkowsky - Executive Chair

Conference Call Participants

Jake Bartlett - Truist Securities

Nicole Miller - Piper Sandler

John Heinbockel - Guggenheim Partners

Edward Kelly - Wells Fargo

Lauren Silberman - Credit Suisse

Jeffrey Bernstein - Barclays

Mark Carden - UBS

Kelly Bania - BMO Capital Markets

John Ivankoe - JPMorgan

Alexander Slagle - Jefferies

John Glass - Morgan Stanley

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 Third Quarter 2022 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions].

Thank you. Adam Dabrowski, Investor Relations. You may begin your conference.

Adam Dabrowski

Thank you, Rob. Good morning, everyone, and welcome to US Foods Third Quarter Earnings Call. Speaking on the call today, we have Andrew Iacobucci, Interim Chief Executive Officer; and Dirk Locascio, our Chief Financial Officer. Additionally, Bob Dutkowsky, our Executive Chair, will join for our Q&A session. We will take your questions after our prepared remarks concluded. [Operator Instructions]

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're comparing our third quarter results to the same period in fiscal year 2021. In addition to historical information, certain statements made during today's call are considered forward-looking statements. Please review the risk factors in our 2021 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 are not providing reconciliations to forward-looking non-GAAP financial measures as indicated therein.

Thank you for your interest in US Foods, and I will now turn over the call to Andrew.

Andrew Iacobucci

Thanks, Adam. Good morning, everyone, and thanks for joining us today. First and foremost, I'm delighted to report that we delivered strong third quarter results, reflecting continued execution of our long-range plan. US Foods performance to date underscores our confidence in achieving our 2022 outlook. We remain committed to continuing the momentum from the first three quarters and driving our long-range plan.