U.S. Foods Holding Corp (NYSE:USFD) Q3 2024 Earnings Call Transcript November 7, 2024 9:00 AM ET

Company Participants

Mike Neese - Senior Vice President, Investor Relations
Dave Flitman - Chief Executive Officer
Dirk Locascio - Executive Vice President and Chief Financial Office

Conference Call Participants

Brian Harbour - Morgan Stanley
Lauren Silberman - Deutsche Bank
John Heinbockel - Guggenheim Securities
Kelly Bania - BMO Capital Markets
Mark Carden - UBS
Jeffrey Bernstein - Barclays
Edward Kelly - Wells Fargo
Jake Bartlett - Truist Securities
Peter Saleh - BTIG
Andrew Wolf - CL King & Associates
John Ivankoe - JP Morgan

Operator

Thank you for standing by. My name is Roschelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the U.S. Foods Holding Corp Third Quarter 2024 Earnings 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.

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

Mike Neese

Thank you, Roschelle. Good morning, everyone, and welcome to U.S. Foods’ third quarter fiscal year 2024 earnings call. On today's call, we have Dave Flitman, our CEO; and Dirk Locascio, our CFO. We will take your questions after our prepared remarks conclude.

Our earnings release issued earlier this morning and today's presentation can be found on the Investor Relations page of our website at ir.usfoods.com. During today's call, unless otherwise stated, we're comparing our third quarter fiscal year 2024 to the same period in our third quarter fiscal year 2023. 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 those statements. 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 Dave.

Dave Flitman

Thanks, Mike. Good morning, everyone, and thank you for joining us. Before we begin, our thoughts are with all of our associates, customers, and communities impacted by Hurricane Helene and Milton, which have each caused catastrophic devastation across parts of the Southeast. We are grateful to our local teams for their unwavering commitment to aiding recovery efforts and continuing to serve the community through countless hours of volunteering and donations during this difficult time. Thankfully, all of our associates are safe, but many suffer damage to their homes and property. I'll briefly highlight one of our associates who have gone above and beyond to make a difference in North Carolina during these trying times.