US Foods reported its Q2 2018 financial results. Total case volume was down 0.9 percent and restaurant case volume from independent restaurants was up 3.8 percent. Net sales were relatively flat at $6.2B,down $1M from last year’s same period. US Foods also announced its acquisition of SGA’s Food Group of Companies for $1.8B,. SGA had total revenue of $3.2B and has about 3,400 employees.
Restaurant challenges remain, including managing the costs of a restaurant business. It remains a focal point within the industry... dishes get sent back to the kitchen; or a sandwich at a deli shop gets dropped now and then; or some food even spoils... Food waste is a real issue. Moreover, dishonest employees who take food or supplies can really cost you a fortune.
Restaurant owners find themselves in a better bargaining position, but some of the biggest considerations in selecting the right distributor partnership have become more complex. Competitive pricing, reliability, distributor perks, convenience and industry know-how are reflective of some of the most important considerations...Independent restaurants will outpace chain sales growth by nearly double (independents to grow +4 to +5 percent vs. chains' +2 to +3 percent growth).
Performance Food Group Company today announced its third-quarter and first-nine months fiscal 2018 business results: otal case volume grew 0.8 percent Net sales increased 2.7 percent to $4.3 billion Gross profit improved 7.2 percent to $558.7 million... “We are pleased with our third-quarter net sales and profitability, said President and CEO George Holm.