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  "documentTitle": "US Foods Holding Corp. (USFD)",
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  "authorName": "Scott Ferguson",
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  "presentationDate": "2022-04-26 00:00:00",
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      "text": "If you had invested $100 in USFD it would be worth $46 less than the same investment in SYY, $43 less than the same investment in PFCG, $61 less than the same investment in the S&P 500",
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      "text": "If you had invested $100 in USFD it would be worth $46 less than the same investment in SYY, $43 less than the same investment in PFCG, $61 less than the same investment in the S&P 500.",
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      "text": "total shareholder return: $61",
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      "text": "At its analyst day in 2018, US Foods emphasized its focus on improving operational execution... We believe management's historical view implies an opportunity to increase adjusted EBITDA by approximately $450 million, or approximately 30%.",
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      "text": "Since our public engagement with the Company began, management has departed from its previous frankness regarding this topic... Any incremental improvements in the Company's margins over time have been met or exceeded by Sysco.",
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      "text": "1 Sysco's domestic business includes US Foodservice Operations, SYGMA and Other divisions...",
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      "kind": "title",
      "text": "The Company has lower margins than Sysco – and continues to lose ground",
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