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Performance Food Group Co (PFGC) delivers essential foodservice distribution solutions to restaurants, institutions, and convenience retailers across North America. This dedicated news hub provides investors and industry professionals with direct access to official company announcements and market-moving developments.
Track critical updates including quarterly earnings reports, supply chain innovations, strategic partnerships, and technology implementations like PFGC's fleet management systems. Our curated collection ensures timely access to press releases covering operational expansions, leadership changes, and industry recognition.
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Performance Food Group Company (PFGC) reported strong fiscal 2022 Q3 results, with net sales soaring 81.6% to $13.1 billion, propelled by the Core-Mark acquisition. Total case volume surged 35.3%, while gross profit rose 61.6% to $1.3 billion, reflecting effective integration strategies. Net income skyrocketed 407.9% to $23.4 million. Adjusted EBITDA increased 96.3% to $237.9 million. For the full fiscal year 2022, PFGC raised its net sales outlook to $50.5-$51 billion and Adjusted EBITDA to $990 million-$1 billion, anticipating continued growth across all segments.
Performance Food Group Company (PFGC) has scheduled a live audio webcast on May 11 at 9 a.m. ET to discuss its third-quarter fiscal 2022 financial results. A news release will be issued at 7 a.m. ET the same day. Company executives, including Chairman & CEO George Holm and CFO Jim Hope, will present the results and address questions from the investment community. The webcast will be accessible on the company's investor relations website, and a recorded version will be available later in the day.
Performance Food Group Company (PFGC) has launched 10 net-zero emission refrigeration trailers at its Gilroy, CA distribution center in partnership with Advanced Energy Machines. These solar-supported electric units can maintain temperatures as low as -20°F. This initiative supports PFG's ESG commitment to reduce power consumption intensity by 20% by 2030, while complying with California's zero-emission requirements for TRUs by 2029. Since June 2021, these units have cut down diesel usage by over 6,500 gallons, decreasing the carbon footprint by 73 tons.
Performance Food Group Company (NYSE:PFGC) has announced a $50,000 donation to World Central Kitchen (WCK) aimed at providing meals for Ukrainian refugees. CEO George Holm expressed pride in supporting WCK’s humanitarian efforts during the ongoing crisis in Ukraine. This donation aligns with PFG's focus on combating food insecurity and enhancing community welfare. PFG has a history of supporting WCK in response to various crises, reinforcing their commitment to corporate social responsibility.
Performance Food Group Company (NYSE: PFGC) will present at the 2022 CAGNY Virtual Conference on February 24 at 12:40 p.m. ET. The company maintains its fiscal third-quarter outlook, anticipating net sales between $12.9 billion and $13.1 billion, and Adjusted EBITDA ranging from $220 million to $230 million. For the full fiscal year, PFG expects net sales of $50 billion to $51 billion and Adjusted EBITDA from $970 million to $990 million, including 10 months of Core-Mark's results.
Performance Food Group Company (NYSE: PFGC) has announced that
Performance Food Group Company (PFGC) reported significant growth in its second quarter of fiscal 2022, with net sales reaching $12.8 billion, an increase of 87.6% year-over-year. Total case volume rose 40.0%, largely driven by the acquisition of Core-Mark. Gross profit grew 57.7% to $1.3 billion, while net income fell 52.3% to $8.4 million. Adjusted EBITDA surged 52.6% to $241.1 million, but diluted EPS dropped 61.5% to $0.05. PFGC has increased its full-year outlook, projecting net sales between $50 billion and $51 billion.
Performance Food Group Company (PFGC) will host a live audio webcast on February 9, 2022, at 9 a.m. EST, to discuss its second-quarter fiscal 2022 financial results. A news release detailing these results will be issued at 7 a.m. EST. The presentation will be led by George Holm, Chairman & CEO, and Jim Hope, CFO, who will also answer questions from the investment community. The webcast will be accessible on investors.pfgc.com and an archived version will be available later the same day.
Performance Food Group Company (PFGC) announced management changes to enhance its growth strategy aligned with its reporting structure. Effective January 3, Craig Hoskins has been appointed President & Chief Operating Officer responsible for Foodservice and Vistar operations, while Patrick Hagerty becomes Executive Vice President & Chief Commercial Officer. Both will report to George Holm, Chairman & CEO. This restructuring aims to capitalize on cross-channel growth opportunities and leverage the extensive industry experience of the new leaders following significant acquisitions that have doubled annual revenue since fiscal 2019.
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