secwatch.observer — SEC 8-K summary
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Issuer:     Performance Food Group Co (PFGC)
CIK:        0001618673
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0000950170-23-042911
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PFG Q4 net sales $14.9B, adj. EPS $1.14; FY net sales $57.3B, adj. EBITDA up 34%
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- Q4 net sales $14.9B (+2% YoY); gross profit $1.7B (+12%); net income $150.1M; adjusted EBITDA $385.2M (+8%).
- FY2023 net sales $57.3B (+13%); gross profit $6.3B (+19%); net income $397.2M; adjusted EBITDA $1.4B (+34%).
- Q4 diluted EPS $0.96; adjusted diluted EPS $1.14 (+7%). FY2023 diluted EPS $2.54; adjusted $3.88 (+49%).
- Organic independent restaurant case growth 7.6% in Q4; total case volume up 2% Q4, 6% full year.
- Cash flow from ops $832.1M; free cash flow $562.4M. Co. announces FY2024 outlook (no specific guidance provided).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618673/000095017023042911/0000950170-23-042911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618673/000095017023042911/pfgc-20230816.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-042911

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer