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) announced that its Coda Coffee Co. promotional video won a silver award at the 43rd Annual Telly Awards in the business-to-business category. This award highlights excellence in video production and creativity. Coda Coffee, part of PFG since 2020, focuses on sustainability in its operations. The Telly Awards recognized the evolving nature of storytelling in video, especially relevant to workplace culture and communication. PFGC operates over 150 locations across North America and serves more than 300,000 customers.
Performance Food Group Company (PFGC) announced that its Contigo brand has achieved significant milestones, surpassing 2 million cases sold in one year, making it the fastest-growing brand in PFG history. Launched in 2016, Contigo represents the diversity of Hispanic-Latino cuisine and offers over 50 products, sourced from Mexico, Central, and South America. The brand is gaining popularity in the Hispanic-Latino restaurant market, with key products like whole-peeled tomatoes and skirt steak receiving positive customer feedback.
Performance Food Group Company (PFGC) announced that eight of its truck drivers have been inducted into the 2022 International Foodservice Distributors Association (IFDA) Truck Driver Hall of Fame. These drivers collectively represent over 226 years of safe and reliable service. To qualify, drivers must have at least 25 years of employment with an IFDA member and no violations in the past five years. The inductees will be honored at the IFDA Distribution Solutions Conference from Sept. 14-16, 2022, in Tampa, Florida.
Performance Food Group Company (NYSE: PFGC) has announced the promotions of four senior leaders in its Finance department. Jeff Fender is now Senior Vice President & Treasurer, while George Hearn shifts to Senior Vice President & CFO of Performance Foodservice. Liz Mountjoy and Chris Vlahcevic also advance to Senior Vice President roles focusing on strategy and finance. These changes aim to enhance PFG's finance capabilities amid growth. The firm operates across North America, serving over 300,000 locations with a workforce of more than 30,000 associates.
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.