Performance Food Group Co Stock Price, News & Analysis

Performance Food Group (NYSE: PFGC) has entered into a clean team agreement with US Foods (NYSE: USFD) to facilitate information sharing for evaluating a potential business combination. The agreement enables both companies to assess regulatory considerations and potential synergies through a team of independent lawyers, economists, and consultants.

Prior to this agreement, PFG's Board and management engaged with major stockholders and US Foods to explore an effective approach to evaluating the potential merger. JP Morgan and BofA Securities are serving as financial advisors, while Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to PFG.

US Foods (NYSE: USFD) has announced an information sharing arrangement with Performance Food Group (NYSE: PFGC) to explore potential regulatory considerations and synergies of a possible combination between the two food distribution companies.

The companies will exchange confidential information through a mutually agreed clean team process. US Foods has emphasized that this arrangement does not guarantee any transaction proposal or specific outcome. Morgan Stanley & Co. LLC and Centerview Partners LLC are acting as financial advisors to US Foods, with Wachtell, Lipton, Rosen & Katz serving as legal counsel.

Performance Food Group (NYSE:PFGC) has disclosed receiving a nomination notice from Sachem Head LP for four candidates to join PFG's Board of Directors at the 2025 Annual Meeting. The activist investor's focus has been on exploring a potential business combination with US Foods and improving margins.

PFG emphasized the success of its 'PFG One' strategy, highlighting strong fiscal 2025 results with growth across all three business segments - Foodservice, Convenience, and Specialty. The company provided fiscal 2026 guidance aligned with its three-year plan focused on organic sales growth, culture, and technology-driven margin expansion.

The Board stated it would evaluate any bona fide transaction proposal, though noting that US Foods has not presented any concrete merger plans in several months. PFG's Board will review Sachem Head's nominees through its Nominating and Corporate Governance Committee.

Performance Food Group (NYSE:PFGC) reported strong Q4 and full-year fiscal 2025 results, with significant growth in case volume and sales. Q4 highlights include an 11.5% increase in net sales to $16.9 billion and a 14.6% rise in gross profit to $2.0 billion. However, net income decreased 21.0% to $131.5 million.

For full-year fiscal 2025, the company achieved net sales of $63.3 billion (up 8.6%) and gross profit of $7.4 billion (up 12.8%). Notable metrics include operating cash flow of $1.2 billion and free cash flow of $704.1 million. The company's independent foodservice segment showed strong performance with a 20.4% increase in case volume.

Looking ahead, PFG provided fiscal 2026 guidance, projecting net sales between $67-68 billion and Adjusted EBITDA of $1.9-2.0 billion. The company also announced a new $500 million share repurchase program through May 2029.

Performance Food Group (NYSE:PFGC) has scheduled a live audio webcast for Wednesday, August 13, 2025, at 9:00 AM ET to discuss its fourth-quarter fiscal 2025 financial results. The company will release its financial results earlier that day at approximately 7:00 AM ET.

Key executives participating in the webcast include George Holm (Chairman & CEO), Patrick Hatcher (EVP & CFO), and Scott McPherson (President & COO). The webcast will be accessible in listen-only mode through investors.pfgc.com, with pre-registration required. An archived version will be made available later the same day.

Performance Food Group (NYSE: PFGC) hosted its 2025 Investor Day and made several key announcements. The company reaffirmed its fiscal 2025 guidance with expected net sales of $63-63.5 billion and Adjusted EBITDA of $1.725-1.75 billion. PFG also unveiled its 3-year outlook for fiscal 2028, targeting annual sales of $73-75 billion and Adjusted EBITDA of $2.3-2.5 billion.

Notably, the Board authorized a new $500 million share repurchase program through May 27, 2029, replacing the previous $300 million program. The guidance includes expected business results from the Cheney Brothers acquisition.

Performance Food Group (PFGC) reported mixed Q3 fiscal 2025 results with strong sales growth but declining profits. Net sales increased 10.5% to $15.3 billion, driven by acquisitions including Cheney Brothers and organic growth. Total case volume rose 10.0%, with independent foodservice case volume up 20.0%. However, net income decreased 17.2% to $58.3 million, while Adjusted EBITDA increased 20.1% to $385.1 million. The company saw product cost inflation of 4.9%. Operating expenses increased 16.5% due to higher personnel costs and recent acquisitions. For the first nine months, net sales grew 7.6% to $46.4 billion, while net income fell 22.5% to $208.7 million. The company continued its share repurchase program, buying back 0.6 million shares for $44.2 million during the nine-month period.

Performance Food Group (NYSE:PFGC) has announced two upcoming investor events. The company will host a live audio webcast on May 7, 2025 at 9 a.m. ET to discuss third-quarter fiscal 2025 financial results, with the earnings release scheduled for 7 a.m. ET the same day. Chairman & CEO George Holm, CFO Patrick Hatcher, and COO Scott McPherson will lead the discussion and Q&A session.

Additionally, PFG will hold its 2025 Investor Day on May 28, 2025 at 9 a.m. ET, featuring presentations from the leadership team. Both webcasts will be available in listen-only mode at investors.pfgc.com with required pre-event registration, and archived recordings will be accessible afterward.

Performance Food Group (PFGC) reported strong Q2 fiscal 2025 results with notable growth in several key metrics. Net sales increased 9.4% to $15.6 billion, driven by recent acquisitions including Cheney Brothers, increased case volume, and inflation effects. Total case volume rose 9.8%, with independent foodservice case volume up 19.8%.

Gross profit improved 14.4% to $1.8 billion, while Adjusted EBITDA increased 22.5% to $423.0 million. However, net income decreased 45.8% to $42.4 million, primarily due to higher interest expenses. The company has updated its fiscal 2025 guidance, now expecting net sales between $63-64 billion and Adjusted EBITDA between $1.725-1.8 billion.

The company's share repurchase program continues, with $177.0 million remaining available under its $300 million authorization. Operating cash flow was $379.0 million for the first six months of fiscal 2025.