US Foods Holding Corp at JPMorgan Gaming, Lodging, Restaurant & Leisure Management Access Forum Transcript

Mar 12, 2021 / 04:00PM GMT
John William Ivankoe - JPMorgan Chase & Co, Research Division - Senior Restaurant Analyst

Hi, everyone. It's John Ivankoe for session #2 for us for the second day of the Management Access Forum. Very happy to have Dirk Locascio joining from US Foods today. He is the company's Chief Financial Officer, and we would like to welcome him to our forum. Thank you so much for joining us, Dirk.

Dirk J. Locascio - US Foods Holding Corp. - CFO

Hey, John. Glad to be here.

Questions and Answers:

John William Ivankoe - JPMorgan Chase & Co, Research Division - Senior Restaurant Analyst

Firstly, there obviously is tremendous news in the market even since I have submitted your questions in terms of the $1.9 trillion COVID-related rescue package, which includes $28 billion earmarked for the restaurant industry, primarily smaller operators/independent operators as part of that package.

I mean, I guess how does that change your outlook, if at all, in terms of the survivability of the independent space? And are
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