US Foods Holding Corp. (USFD) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, my name is Karen, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the U.S. Foods Holding Corp. Q126 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there'll be a question and answer session. If you'd like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you'd like to withdraw your question, just press star once again. Thank you. I'd like to turn the call over to Mike Neese, Senior VP of Investor Relations. Please go ahead. Thank you, Karen. Good morning, everyone, and welcome to U.S. Foods' first quarter fiscal 2026 earnings call. On today's call, we have Dave Flibman, our CEO, and Dirk Lacazio, 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 and today's presentation can be found on the Investor Relations page of our website at ir.usfoods.com. During today's call, while that's otherwise needed, we're comparing our first quarter fiscal year 2026 results to the same period in fiscal year 2025. 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 anticipated in forward-looking statements. Excuse me. 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 s...