Even in Face of Intense Competition, US Foods' Sales Truck Ahead
No-moat US Foods' first-quarter results exhibit the prudence of its strategic endeavor to increase its exposure to independent restaurants (at the expense of lower-margin chain operators) and drive cost savings (anchored in improving the efficiency of its supply chain and distribution, salesforce productivity, and vendor management). Organic sales increased 3.6%, reflecting a 2.2% contribution from food cost inflation (concentrated in poultry, produce, and grocery) as well as a 1.4% benefit from...US Foods Holding. through its subsidiaries, markets and distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These customer locations include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. The company provides fresh, frozen, and dry food stock-keeping units as well as non-food items, sourced from suppliers. The company's network of distribution facilities and trucks allow the company to operate and provide customer service.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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