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) executives participated in the 2021 Jefferies Virtual Consumer Conference. For Q4 2021, PFGC raised its net sales forecast to at least $8.8 billion, up from $8.2 billion, and adjusted EBITDA expectations to at least $190 million, increased from $185 million. This outlook includes a 53rd week in the fiscal period. Management noted the adjusted EBITDA figures exclude variable income and expenses, emphasizing potential risks and uncertainties impacting future financial performance.
Performance Food Group Company (PFGC) announced that George Holm, Chairman and CEO, along with Jim Hope, CFO, will present at the 2021 Jefferies Virtual Consumer Conference. The presentation will be webcast live on June 23 at 10:20 a.m. ET, available in listen-only mode on investors.pfgc.com. An archived replay will be accessible later the same day. PFGC is a foodservice distribution leader with a network of over 100 distribution facilities and serves over 200,000 locations across the U.S.
Performance Food Group (PFG) announced its acquisition of Core-Mark Holding Company in a stock and cash deal valued at approximately $2.5 billion. Core-Mark shareholders will receive $23.875 per share plus 0.44 PFG shares for each Core-Mark share. Post-transaction, Core-Mark shareholders will own about 13% of the combined entity. The acquisition aims to enhance PFG's Vistar segment and is projected to add $17 billion in net sales, bringing PFG's total to approximately $44 billion. Closing is anticipated in the first half of 2022, pending regulatory approvals.
Performance Food Group Company (PFGC) reported its third-quarter 2021 results, showing a 2.9% increase in net sales to $7.2 billion driven by a 6.3% growth in independent case sales. However, total case volume fell 4.2%. Gross profit rose by 3.1% to $832.7 million, while operating expenses declined by 1.9%. Although net losses narrowed to $7.6 million from $40.2 million in the prior year, diluted loss per share improved to $0.06. For the full fiscal year, PFGC anticipates net sales of at least $8.2 billion and Adjusted EBITDA of at least $185 million.
Performance Food Group Company (PFGC) will host a live audio webcast on May 5 at 9 a.m. ET to discuss its third-quarter fiscal 2021 financial results. A news release with these results will be issued at approximately 7 a.m. ET the same day. George Holm, Chairman and CEO, along with CFO Jim Hope, will lead the discussion and answer questions from the investment community and media. The webcast will be accessible in listen-only mode on investors.pfgc.com. An archived version will be available later that day.
Performance Food Group Company (PFGC) has donated $50,000 to World Central Kitchen (WCK) to support their efforts in combating food insecurity following the winter storms in Texas. In addition to the donation, PFG also aided in delivering over 42,000 meals to children in need through Kids’ Meals Inc. This collaboration showcased PFG's commitment to corporate social responsibility and immediate community support. WCK's Director of Relief Operations appreciated PFG's quick and comprehensive response, reinforcing their alignment with WCK's mission to nourish communities during crises.
Performance Food Group Company (PFGC) announced that George Holm, Chairman & CEO, and Jim Hope, CFO, will present at the 2021 Consumer Analyst Group of New York (CAGNY) Virtual Conference. The presentation is scheduled for February 17, 2021, at 3:10 p.m. ET and will be available in a listen-only format via investors.pfgc.com. PFGC, based in Richmond, Virginia, is a leading foodservice distributor with a network of over 100 facilities, serving over 200,000 locations nationwide.
Performance Food Group Company (PFGC) reported its second-quarter and first-half fiscal 2021 results, showing a net income decline of 57.3% to $17.6 million. The company's net sales rose 12.8% to $6.8 billion, largely due to the acquisition of Reinhart Foodservice, which contributed $1.3 billion to sales. EBITDA increased 18.2% to $147.2 million, while diluted EPS fell 66.7% to $0.13. Operating expenses surged 18.9% to $750.2 million, mainly due to Reinhart's acquisition. Despite challenges, PFGC's case volume increased 8.4%, although excluding Reinhart, it declined by 16.9%.
Performance Food Group Company (PFGC) will host a live audio webcast on February 3, 2021, at 9 a.m. ET to discuss its second-quarter fiscal 2021 financial results, which will be released at 7 a.m. ET that day. George Holm, Chairman and CEO, along with Jim Hope, CFO, will present the results and answer questions from investors and media. The webcast will be accessible in listen-only mode on investors.pfgc.com and an archived version will be available post-event.
Performance Food Group Company (PFGC) announced participation in the 2021 ICR Virtual Conference by Chairman, President & CEO George Holm and CFO Jim Hope.
The live webcast is scheduled for Tuesday, January 12, 2021, at 11:30 a.m. ET, accessible via investors.pfgc.com.
An archived replay will be available later that day.