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.
OLM Food Solutions, a Performance Food Group (PFG) company, has launched Hot Stuff Kitchen Stuffed Bites, featuring classic flavors in various doughs for on-the-go snacking. The product aims to increase same-store sales, providing unique, cost-effective, and tasty options for customers. The initial line includes savory and sweet flavors like Jalapeño Biscuit and Apple Pie Bites, with more to come.
Performance Food Group Company (PFG) reported mixed results for the third quarter and first nine months of fiscal 2024. While total case volume slightly decreased, organic independent foodservice case volume grew. Net sales and gross profit increased, but net income and diluted earnings per share decreased. Adjusted EBITDA showed a modest increase. For the first nine months, total case volume and net sales grew, along with gross profit and adjusted EBITDA. Operating expenses rose for both periods, impacting net income. Cash flow and capital spending improved, with the company delivering strong free cash flow. The Company's long-term outlook remains positive, with an increase in Adjusted EBITDA guidance for 2024.
Performance Food Group Company (PFG) will participate in the 2024 BMO Farm to Market Conference with their Chairman & Chief Executive Officer and Executive Vice President & Chief Financial Officer. The webcast will be live on May 15, 2024, at 2:00 p.m. ET, available on investors.pfgc.com.
Performance Food Group Company (PFGC) has released its fiscal year 2023 Environmental, Social, and Governance (ESG) report, highlighting progress on current goals and introducing new milestones. The company has made advancements in energy efficiency, waste reduction, responsible sourcing, and diversity initiatives. PFGC plans to reduce greenhouse gas emissions, increase sustainable product options, survey suppliers on key topics, and expand charitable contributions in the future.
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