Welcome to our dedicated page for Performance Food Group Co news (Ticker: PFGC), a resource for investors and traders seeking the latest updates and insights on Performance Food Group Co stock.
Performance Food Group Company (PFGC) is a Fortune 100 food and foodservice distributor that is described as an industry leader and one of the largest food and foodservice distribution companies in North America. Founded and headquartered in Richmond, Virginia, the company and its family of businesses market and deliver food and related products to more than 300,000 locations, including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores.
The PFGC news feed highlights developments that matter to investors and market watchers. Recent company announcements have focused on leadership succession, with PFG disclosing that George L. Holm will retire as Chief Executive Officer and that Scott E. McPherson will become Chief Executive Officer and President while Mr. Holm moves to the role of Executive Chair. Other news items cover shareholder engagement and governance, including a cooperation agreement with Sachem Head Capital Management LP and the appointment of Scott D. Ferguson to the Board of Directors and the Audit and Finance Committee.
News coverage also includes financial and operating updates. PFG regularly issues earnings releases for its fiscal quarters and full year, detailing case volume growth, net sales, gross profit, segment performance and cash flow, as well as its financial outlook. These releases describe trends across its Foodservice, Convenience and Specialty segments and the impact of acquisitions such as Cheney Brothers and José Santiago. In addition, the company has reported on an information-sharing arrangement with US Foods Holding Corp. to evaluate a potential business combination, followed by a later announcement that PFG and US Foods mutually agreed to terminate that process.
By following PFGC news, readers can monitor topics such as segment performance, acquisitions, capital allocation, shareholder activism, governance changes and strategic initiatives like the PFG One enterprise approach. The news stream provides context for how PFG navigates competition, integration of acquired businesses and its role in the food-away-from-home distribution market.
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 (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.
Performance Food Group (NYSE:PFGC) has announced it will host a live audio webcast on Wednesday, February 5, 2025, at 9 a.m. ET to discuss its second-quarter fiscal 2025 financial results. The company will release its financial results at approximately 7 a.m. ET on the same day.
The webcast will feature George Holm (Chairman & CEO), Patrick Hatcher (EVP & CFO), and Scott McPherson (President & COO), who will present the results and participate in a Q&A session with investors and media. The listen-only webcast will be accessible at investors.pfgc.com with pre-registration required. An archived version will be available later that day.
Performance Food Group (NYSE: PFGC) announced key leadership changes effective January 1, 2025. Scott McPherson has been promoted to President & Chief Operating Officer (COO), overseeing PFG's three business segments: Foodservice, Convenience, and Vistar. Craig Hoskins will transition to the newly created role of Executive Vice President & Chief Development Officer, focusing on integrating recent acquisitions Cheney Brothers Inc. and Jose Santiago Inc.
McPherson, with a 30-year career including various leadership positions at Core-Mark, will report to CEO George Holm. Hoskins, who has been with PFG since 1990 and served as President & COO for the past three years, will now focus on maximizing the strengths of the newly acquired organizations across PFG.