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Performance Food Group Co
F:P5F

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Performance Food Group Co Logo
Performance Food Group Co
F:P5F
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Price: 84 EUR 0.6%
Market Cap: €13.1B

Performance Food Group Co
Investor Relations

Performance Food Group is one of the big middlemen in the food supply chain. It buys food and related products from manufacturers and farmers, then sells and delivers them to restaurants, schools, hospitals, convenience stores, hotels, and other foodservice customers. Its catalog includes fresh and frozen foods, snacks, beverages, and kitchen supplies, so customers can source most of what they need from one distributor. The company makes money mainly by marking up the products it distributes and by charging for the logistics work around them, such as storage, route delivery, and order fulfillment. Its customers rely on it for frequent, dependable deliveries and for a broad mix of items that are hard to source one by one from many suppliers. That makes the business more about efficient distribution and service than about owning consumer brands. What sets Performance Food Group apart is its role as a large, specialized food distributor rather than a restaurant or food maker. It sits between producers and foodservice operators, helping smaller and larger buyers get the right products in the right quantities at the right time. In a business where freshness, consistency, and delivery reliability matter, that distribution network is the core asset.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
May 6, 2026
AI Summary
Q3 2026

Top line: PFG said third-quarter net sales grew 6.4%, with growth in all three operating segments and especially strong performance in Convenience.

Profitability: Adjusted EBITDA rose 6.6% to $410.6 million and came in above the high end of guidance, helped by mix, procurement savings and brand execution.

Guidance: Management tightened full-year 2026 sales guidance to $67.7 billion to $68 billion and adjusted EBITDA guidance to $1.9 billion to $1.93 billion.

Segment strength: Foodservice independent cases grew 6.5%, Convenience posted 8.3% organic case growth and 8.7% revenue growth, while Specialty faced margin pressure despite 5.3% revenue growth.

2027 setup: Management repeatedly pointed to a stronger fiscal 2027, citing Cheney synergies, new chain wins, and continued momentum in independents and Convenience.

Macro watch: The company said fuel, weather and continued food inflation remain headwinds, but fuel surcharges are helping offset some of the pressure.

Key Financials
Net sales
6.4% growth
Adjusted EBITDA
$410.6 million
Net income
$41.7 million
Diluted earnings per share
$0.27
Adjusted diluted earnings per share
$0.80
Total company cases
4.4% increase
Foodservice independent cases
6.5% growth
Convenience organic case growth
8.3%
Convenience revenue growth
8.7%
Convenience adjusted EBITDA performance
34.1%
Specialty case growth
1.1%
Specialty revenue growth
5.3%
Total company gross profit
6.4% growth
Gross profit per case
$0.20 increase
Operating cash flow
over $1 billion
Capital expenditures
$266 million
Free cash flow
$806 million
Share repurchases
$1.2 million
Average repurchase price
$83.11 per share
Effective tax rate
25.4%
Foodservice inflation
1.5%
Specialty cost inflation
5.1%
Convenience cost inflation
7.9%
Total company cost inflation
approximately 4.5%
Independent case headcount
mid-single digits
Earnings Call Recording
Other Earnings Calls

Management

Mr. George L. Holm
Chairman & CEO
No Bio Available
Mr. Craig Howard Hoskins
President & COO
No Bio Available
Mr. H. Patrick Hatcher
Executive VP & CFO
No Bio Available
Mr. Patrick T. Hagerty
Executive VP & Chief Commercial Officer
No Bio Available
Mr. Scott E. McPherson
Executive VP & Chief Field Operations Officer
No Bio Available
Ms. Chasity Grosh
Senior Vice President & Chief Accounting Officer
No Bio Available
Mr. Donald S. Bulmer
Executive VP & Chief Information Officer
No Bio Available
Mr. Bill Marshall C.F.A.
Vice President of Investor Relations
No Bio Available
Mr. Allen Brent King J.D.
Executive VP, General Counsel & Secretary
No Bio Available
Scott Golden
Director of Communications & Engagement
No Bio Available

Contacts

Address
VIRGINIA
Richmond
12500 W Creek Pkwy
Contacts
+18044847700.0
www.pfgc.com
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