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US Foods (USFD) Expands Reach With Renzi Foodservice Buyout
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US Foods Holding Corp. (USFD - Free Report) is making waves in the industry with its latest strategic move. This renowned foodservice distributor has successfully completed the acquisition of Renzi Foodservice, a broadline distributor based in Watertown, NY. This acquisition not only marks a significant milestone for US Foods but also opens new opportunities for expansion and growth in the central upstate New York market.
Expanding Horizons
With a strong presence in the foodservice distribution industry, US Foods is constantly seeking ways to enhance its operations and broaden its customer base. The acquisition strengthens the company's market presence and provides an opportunity for revenue growth.
The addition of Renzi Foodservice to its portfolio allows US Foods to tap the thriving market of central upstate New York, where it previously did not have a distribution center. This expansion aligns with US Foods' commitment to providing outstanding service and a wide selection of high-quality food products to customers across the United States.
Image Source: Zacks Investment Research
Renzi Foodservice, a family-owned business for two generations, has built a stellar reputation for its exceptional customer service and high-quality food offerings. With annual revenues of more than $180 million, Renzi Foodservice serves more than 2,300 independent restaurants, healthcare facilities, schools, government organizations, convenience stores and other customers.
By joining forces with Renzi Foodservice, US Foods aims to leverage their shared values and expertise to further enhance its position in the region. The acquisition marks the company's first since April 2020 and the first under the leadership of CEO Dave Flitman.
Wrapping Up
US Foods' acquisition of Renzi Foodservice heralds a transformative moment for the company. The expansion into the central upstate New York market not only strengthens US Foods' market presence but also unlocks access to a diverse customer base.
Moreover, with shared values and synergies between the two companies, US Foods is well-positioned to deliver exceptional service and expand its offerings to support customer growth. This strategic acquisition sets the stage for a prosperous future for US Foods in the foodservice distribution industry.
Shares of this Zacks Rank #3 (Hold) company have rallied 17.1% in the past six months against the industry’s decline of 3.7%.
Bet Your Bucks on These 3 Hot Stocks
Here we have highlighted three better-ranked stocks, namely Lamb Weston Holdings (LW - Free Report) , Celsius Holdings (CELH - Free Report) and Walmart (WMT - Free Report) .
Lamb Weston, a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers worldwide, currently sports a Zacks Rank #1 (Strong Buy). LW has a trailing four-quarter earnings surprise of 47.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Lamb Weston’s current financial-year sales and earnings suggests growth of 29.6% and 117.3%, respectively, from the year-ago reported numbers. The expected EPS growth rate for three to five years is 42.7%.
Celsius Holdings, which offers functional drinks and liquid supplements, currently sports a Zacks Rank #1. CELH delivered an earnings surprise of 81.8% in the last reported quarter.
The Zacks Consensus Estimate for Celsius Holdings’ current fiscal-year sales and earnings suggests growth of 69.6% and 154.4%, respectively, from the year-ago reported numbers.
Walmart, which operates a chain of hypermarkets, discount department stores and grocery stores, currently carries a Zacks Rank #2 (Buy). The expected EPS growth rate for three to five years is 5.5%.
The Zacks Consensus Estimate for Walmart’s current financial-year sales suggests growth of 4.2% from the year-ago period. WMT has a trailing four-quarter earnings surprise of 12%, on average.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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US Foods (USFD) Expands Reach With Renzi Foodservice Buyout
US Foods Holding Corp. (USFD - Free Report) is making waves in the industry with its latest strategic move. This renowned foodservice distributor has successfully completed the acquisition of Renzi Foodservice, a broadline distributor based in Watertown, NY. This acquisition not only marks a significant milestone for US Foods but also opens new opportunities for expansion and growth in the central upstate New York market.
Expanding Horizons
With a strong presence in the foodservice distribution industry, US Foods is constantly seeking ways to enhance its operations and broaden its customer base. The acquisition strengthens the company's market presence and provides an opportunity for revenue growth.
The addition of Renzi Foodservice to its portfolio allows US Foods to tap the thriving market of central upstate New York, where it previously did not have a distribution center. This expansion aligns with US Foods' commitment to providing outstanding service and a wide selection of high-quality food products to customers across the United States.
Image Source: Zacks Investment Research
Renzi Foodservice, a family-owned business for two generations, has built a stellar reputation for its exceptional customer service and high-quality food offerings. With annual revenues of more than $180 million, Renzi Foodservice serves more than 2,300 independent restaurants, healthcare facilities, schools, government organizations, convenience stores and other customers.
By joining forces with Renzi Foodservice, US Foods aims to leverage their shared values and expertise to further enhance its position in the region. The acquisition marks the company's first since April 2020 and the first under the leadership of CEO Dave Flitman.
Wrapping Up
US Foods' acquisition of Renzi Foodservice heralds a transformative moment for the company. The expansion into the central upstate New York market not only strengthens US Foods' market presence but also unlocks access to a diverse customer base.
Moreover, with shared values and synergies between the two companies, US Foods is well-positioned to deliver exceptional service and expand its offerings to support customer growth. This strategic acquisition sets the stage for a prosperous future for US Foods in the foodservice distribution industry.
Shares of this Zacks Rank #3 (Hold) company have rallied 17.1% in the past six months against the industry’s decline of 3.7%.
Bet Your Bucks on These 3 Hot Stocks
Here we have highlighted three better-ranked stocks, namely Lamb Weston Holdings (LW - Free Report) , Celsius Holdings (CELH - Free Report) and Walmart (WMT - Free Report) .
Lamb Weston, a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers worldwide, currently sports a Zacks Rank #1 (Strong Buy). LW has a trailing four-quarter earnings surprise of 47.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Lamb Weston’s current financial-year sales and earnings suggests growth of 29.6% and 117.3%, respectively, from the year-ago reported numbers. The expected EPS growth rate for three to five years is 42.7%.
Celsius Holdings, which offers functional drinks and liquid supplements, currently sports a Zacks Rank #1. CELH delivered an earnings surprise of 81.8% in the last reported quarter.
The Zacks Consensus Estimate for Celsius Holdings’ current fiscal-year sales and earnings suggests growth of 69.6% and 154.4%, respectively, from the year-ago reported numbers.
Walmart, which operates a chain of hypermarkets, discount department stores and grocery stores, currently carries a Zacks Rank #2 (Buy). The expected EPS growth rate for three to five years is 5.5%.
The Zacks Consensus Estimate for Walmart’s current financial-year sales suggests growth of 4.2% from the year-ago period. WMT has a trailing four-quarter earnings surprise of 12%, on average.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.