Welcome to our dedicated page for Performance Food Group news (Ticker: PFGC), a resource for investors and traders seeking the latest updates and insights on Performance Food Group stock.
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 Company (PFGC) hosted its 2022 Investor Day, presenting a fiscal 2022 outlook with net sales expected between $50.5 billion and $51 billion and Adjusted EBITDA of $1 billion to $1.01 billion. The company also outlined a three-year goal targeting net sales of $62 billion to $64 billion and Adjusted EBITDA of $1.5 billion to $1.7 billion by fiscal 2025. The outlook incorporates the Core-Mark acquisition, with management indicating potential risks associated with forward-looking statements.
Performance Food Group Company (NYSE: PFGC) is set to host 66 Foodcentric Experience events in 2022, marking a significant increase since 2018. Over 50,000 attendees are anticipated across the country. These events aim to provide vital industry insights, featuring seminars on marketing, operations, technology, and more. The year will conclude with a major event in Orlando from Oct. 16-20, 2022, showcasing the latest trends and products in food service.
Performance Food Group Company (PFGC) will host its 2022 Investor Day webcast on June 29 at 10:15 a.m. ET. Key executives, including CEO George Holm, will present updates to the investment community. PFGC is revising its fiscal 2022 guidance, projecting net sales between $50.5 billion and $51 billion, with Adjusted EBITDA revised to $1 billion to $1.01 billion, reflecting strong April and May results. The company's outlook takes into account 10 months of Core-Mark contributions. Investors can register and access the archive on the company's investor site.
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Performance Food Group Company (PFGC) has announced the promotion of three executives to Executive Vice President: Don Bulmer (CIO), Erika Davis (CHRO), and Brent King (General Counsel). Effective immediately, these promotions recognize their valuable contributions to the company's success. Chairman and CEO George Holm stated that their leadership is crucial for attracting talent and delivering innovative solutions. PFGC operates as a leading food and foodservice distribution company across North America.
Performance Food Group Company (NYSE: PFGC) has improved its ranking to No. 112 on the 2022 Fortune 500 list, highlighting its strong growth and industry leadership. This ascent reflects PFGC's strategic focus on sustainable sales growth and expansion since its IPO in 2015, moving up from No. 185 in 2016. The company's success is supported by over 30,000 associates dedicated to customer relationships in the foodservice distribution sector.
Performance Food Group Company (PFGC) reported strong fiscal 2022 Q3 results, with net sales soaring 81.6% to $13.1 billion, propelled by the Core-Mark acquisition. Total case volume surged 35.3%, while gross profit rose 61.6% to $1.3 billion, reflecting effective integration strategies. Net income skyrocketed 407.9% to $23.4 million. Adjusted EBITDA increased 96.3% to $237.9 million. For the full fiscal year 2022, PFGC raised its net sales outlook to $50.5-$51 billion and Adjusted EBITDA to $990 million-$1 billion, anticipating continued growth across all segments.
Performance Food Group Company (PFGC) has scheduled a live audio webcast on May 11 at 9 a.m. ET to discuss its third-quarter fiscal 2022 financial results. A news release will be issued at 7 a.m. ET the same day. Company executives, including Chairman & CEO George Holm and CFO Jim Hope, will present the results and address questions from the investment community. The webcast will be accessible on the company's investor relations website, and a recorded version will be available later in the day.
Performance Food Group Company (PFGC) has launched 10 net-zero emission refrigeration trailers at its Gilroy, CA distribution center in partnership with Advanced Energy Machines. These solar-supported electric units can maintain temperatures as low as -20°F. This initiative supports PFG's ESG commitment to reduce power consumption intensity by 20% by 2030, while complying with California's zero-emission requirements for TRUs by 2029. Since June 2021, these units have cut down diesel usage by over 6,500 gallons, decreasing the carbon footprint by 73 tons.
Performance Food Group Company (NYSE:PFGC) has announced a $50,000 donation to World Central Kitchen (WCK) aimed at providing meals for Ukrainian refugees. CEO George Holm expressed pride in supporting WCK’s humanitarian efforts during the ongoing crisis in Ukraine. This donation aligns with PFG's focus on combating food insecurity and enhancing community welfare. PFG has a history of supporting WCK in response to various crises, reinforcing their commitment to corporate social responsibility.