Performance Food Group Co Stock Price, News & Analysis

Performance Food Group Company (PFGC) announced participation in the 2021 Barclays Eat, Sleep, Play Conference. Chairman, President & CEO George Holm, along with CFO Jim Hope, will present on Thursday, December 2, at 9:45 a.m. ET. The presentation will be webcast live and accessible in listen-only mode via investors.pfgc.com. An archived version will be available the same day. PFGC is a leader in foodservice distribution, with over 150 locations across North America, serving more than 300,000 customers.

Performance Food Group Company (PFGC) reported first-quarter fiscal 2022 results, showcasing a robust 47.4% increase in net sales, reaching $10.4 billion, attributed to the Core-Mark acquisition and price increases. Gross profit rose 40.1% to $1.1 billion, with net income flipping to $4.7 million from a prior loss. Adjusted EBITDA climbed 35.9% to $183.7 million. Total case volume surged by 27%, including a 21.1% increase in independent cases. The company anticipates net sales of $12.7 to $12.9 billion for Q2 2022 and $49.5 to $50.5 billion for the full year.

RDE, Inc. (RSTN) has announced a collaboration with Performance Foodservice, a division of Performance Food Group Company (PFGC), to provide marketing services through Restaurant.com. This partnership aims to help restaurants attract new customers and enhance their marketing strategies. The collaboration leverages Performance Foodservice's One Source Solution Partners program, connecting restaurant clients with essential resources for operational and marketing support. The initiative is expected to drive additional revenue for participating restaurants.

Performance Food Group (PFGC) will present its first-quarter fiscal 2022 financial results on November 10, 2021, via a live audio webcast at 9 a.m. ET. The results news release will be issued at 7 a.m. ET. PFG's leadership, including Chairman and CEO George Holm and CFO Jim Hope, will discuss financial outcomes and engage with the investment community.

The webcast will be accessible in listen-only mode on investors.pfgc.com, with registration required. An archived version will be available later the same day.

Performance Food Group Company (PFGC) has announced a $25,000 donation to World Central Kitchen, following an earlier $50,000 contribution this year. This support aims to aid communities affected by recent hurricanes. PFGC's leadership, including CEO George Holm, emphasizes the importance of food in strengthening communities during crises. Additionally, the company is matching $25,000 in employee donations to the American Red Cross.

Performance Food Group Company (PFGC) has appointed Laura Flanagan as an independent director to its Board of Directors, expanding it to 12 members. Flanagan brings extensive experience from her leadership roles in the food industry, including CEO of Ripple Foods and former CEO of Foster Farms. This strategic appointment comes concurrent with PFG’s acquisition of Core-Mark, effective today, a company Flanagan has been associated with since 2016. PFG aims to leverage Flanagan's expertise to enhance its strategic initiatives.

Performance Food Group Company (PFGC) has finalized its acquisition of Core-Mark Holding Company, creating a leading convenience distribution entity within its Vistar segment. This merger enhances PFG's geographic reach and market diversification, adding approximately $17 billion in net sales and 41,000 customer locations. The new structure will maintain separate operations under Core-Mark and Eby-Brown, enhancing PFG's foodservice capabilities. The integration is expected to yield $40 million in cost synergies by year three, boosting earnings per share in the first fiscal year post-acquisition.

Performance Food Group Company (PFGC) reported robust financial results for Q4 and fiscal 2021. Q4 net sales surged 61.1% to $9.3 billion, with total case volume up 55.8%. Gross profit rose 66.8% to $1.1 billion, positively influenced by improving economic conditions. Fiscal 2021 net sales reached $30.4 billion, a 21.2% increase, primarily driven by the Reinhart acquisition. PFGC's net income improved significantly to $31.4 million from a loss of $151.2 million year-over-year. The company plans to acquire Core-Mark, which is expected to enhance market reach and drive future growth.

Performance Food Group Company (PFGC) will hold a live audio webcast on August 19 at 9 a.m. ET to discuss its fourth-quarter and full-year fiscal 2021 financial results. The news release will be issued at 7 a.m. ET on the same day. PFGC's Chairman & CEO George Holm and CFO Jim Hope will present the results and answer media questions. The webcast will be available in listen-only mode on investors.pfgc.com and archived later the same day.