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Performance Food Group Company reports developments in North American food and foodservice distribution, including results for its Foodservice, Vistar and Convenience businesses. The company markets and delivers food, candy, snacks, beverages, cigarettes and other tobacco products, health and beauty care items, and related products to restaurants, schools, healthcare facilities, vending and office coffee service distributors, retailers, theaters, convenience stores, travel providers and hospitality customers.
PFGC news commonly covers case-volume trends, net sales, product-cost inflation, cash flow, procurement and operating expense drivers, acquisitions, debt financing, guidance updates, leadership succession, shareholder matters and risk topics such as technology disruption, cybersecurity and environmental compliance.
Performance Food Group (NYSE:PFGC) announced several Board changes effective around its 2026 Annual Meeting of Stockholders. Independent directors elected Matthew C. Flanigan, current Audit and Finance Committee chair, to become Lead Independent Director following the meeting, succeeding Manuel A. Fernandez, who has held the role since 2019.
Fernandez and directors William F. Dawson, Jr., Laura Flanagan and Scott D. Ferguson will not stand for reelection. After the meeting, the Board will be reduced from 14 to 10 directors, including eight independent members. In addition, Executive Chair George L. Holm is expected to transition to Non-Executive Chair effective January 1, 2027, as the company continues its stated focus on board refreshment and governance.
Performance Food Group (NYSE: PFGC) reported fourth‑quarter fiscal 2026 net sales up 6.4% to $18.0 billion, with total case volume up 3.5% and independent Foodservice cases up 8.0%. Gross profit rose 8.3% to $2.2 billion and net income increased 23.4% to $162.3 million, driving diluted EPS of $1.03, up 22.6%. Adjusted EBITDA grew 7.4% to $587.5 million.
For full‑year 2026, net sales increased 7.2% to $67.8 billion, gross profit 9.1% to $8.1 billion, and net income 5.6% to $359.3 million. Adjusted EBITDA rose 9.2% to $1.93 billion, operating cash flow reached $1.41 billion, and free cash flow was $1.03 billion. For fiscal 2027, the company guided net sales to $72.5–$73.0 billion and Adjusted EBITDA to $2.125–$2.225 billion, including a 53rd week.
Performance Food Group (NYSE:PFGC) will host a live audio webcast at 9 a.m. ET on Wednesday, August 12, 2026, to discuss its fourth-quarter fiscal 2026 financial results. The company plans to issue a news release with these results at approximately 7 a.m. ET the same day. President & CEO Scott McPherson and EVP & CFO Patrick Hatcher will review the results and take questions from investors and media. The listen-only webcast will be accessible via investors.pfgc.com with required pre-event registration, and an archived replay will be available later that day.
Performance Food Group (NYSE: PFGC) reported third-quarter fiscal 2026 results with net sales of $16.3B, Adjusted EBITDA of $410.6M, and tightened fiscal 2026 guidance. Total case volume rose 4.4% (Independent +7.3%). Free cash flow for the first nine months was $806.0M and the company cited ongoing integration of recent acquisitions.
Performance Food Group (NYSE:PFGC) will host a live audio webcast at 9:00 a.m. ET on Wednesday, May 6, 2026 to discuss third-quarter fiscal 2026 results. A news release with those results will be issued at approximately 7:00 a.m. ET the same day.
Scott McPherson, President & CEO, and Patrick Hatcher, EVP & CFO, will present and answer questions. The webcast is listen-only at investors.pfgc.com, requires pre-event registration, and an archived copy will be available later that day.
Performance Food Group (NYSE: PFGC) priced $1.06 billion of 5.625% Senior Notes due 2034. The Issuer expects to close the offering on February 19, 2026, subject to customary conditions.
PFG intends to use net proceeds, together with borrowings under its revolving credit facility, to redeem all outstanding 5.500% Senior Notes due 2027. The new notes will be guaranteed by the Parent and material domestic subsidiaries and are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S; they are not registered under the Securities Act.
Performance Food Group (NYSE: PFGC) announced on February 9, 2026 an intention to offer $1.06 billion aggregate principal amount of Senior Notes due 2034. Net proceeds, together with revolving credit borrowings, are intended to redeem the Issuer’s outstanding 5.500% Senior Notes due 2027 and pay related fees and expenses.
The notes will be guaranteed by PFGC and material wholly-owned domestic restricted subsidiaries, and they will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The notes are not registered under the Securities Act.
Performance Food Group (NYSE: PFGC) reported solid Q2 and first-six months fiscal 2026 results with case volume, sales, profit, and cash flow improvements. Q2 net sales were $16.4B (+5.2%), gross profit $2.0B (+7.6%), and Adjusted EBITDA $451.2M (+6.7%).
First six months net sales were $33.5B (+7.9%), gross profit $4.0B (+10.9%), Adjusted EBITDA $931.3M (+11.5%), operating cash flow $456.0M, and free cash flow $263.7M. Guidance for FY2026 Adjusted EBITDA tightened to $1.875B–$1.975B.
Performance Food Group (NYSE:PFGC) will host a live audio webcast at 9:00 a.m. ET on Wednesday, February 4, 2026 to discuss second-quarter fiscal 2026 results. A news release with those results will be issued at approximately 7:00 a.m. ET the same day.
Scott McPherson, President & Chief Executive Officer, and Patrick Hatcher, Executive Vice President & Chief Financial Officer, will present and answer questions. The webcast is listen-only at investors.pfgc.com, requires pre-event registration, and an archived copy will be available later that day.
Performance Food Group (NYSE: PFGC) announced a planned leadership succession effective Jan. 1, 2026. George Holm will transition from CEO to Executive Chair and remain involved in M&A, customer relationships, and strategic oversight. Scott McPherson, currently President and COO, will become CEO and join the Board.
McPherson joined PFG as President and COO in January 2025, previously served as Chief Field Operations Officer since January 2024, and has over 30 years of industry experience including prior service as CEO of CoreMark. The Board describes the move as the result of a multi-year succession plan aligned with PFG’s 2025 strategic objectives.