Union Strike Risk: Over $10 Billion Vanished from US Food Distribution Stocks in One Day

US Foods Holding Corp. (NYSE: USFD) shares plunged 5.39% on May 17, closing at $87.19 (approximately KRW 118,000) on the New York Stock Exchange.

With a market capitalization of about $19.2 billion (roughly KRW 26 trillion), the company saw nearly $980 million (around KRW 1.3 trillion) wiped out in a single day, and trading volume exceeded 1.06 million shares.

Recently, Teamsters Local 135 in Indiana and other areas held a strike authorization vote against US Foods, demanding improved wages and benefits, sparking concerns about potential disruptions in regional foodservice supply if negotiations collapse. (reddit.com)

In February, US Foods reported strong fiscal 2025 results and announced a share buyback program of about $934 million, along with raising its 2026 earnings guidance—underscoring its confidence in mid- to long-term growth. (reddit.com)

US Foods is the second-largest foodservice distributor in the U.S., supplying meat, seafood, frozen and processed foods to approximately 250,000 customers—including independent and chain restaurants, hospitals and schools. Headquartered in Rosemont, Illinois, it is a member of the S&P MidCap 400 and employs around 30,000 people, with meat and seafood accounting for the largest share of its 2024 revenue. (en.wikipedia.org)