---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-096642"
form_type: "8-K"
ticker: "PFGC"
cik: "0001618673"
company_name: "Performance Food Group Co"
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:20:37.849275+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PFG reports strong Q4 earnings and announces $2.1B acquisition of Cheney Brothers

## Summary
- Q4 net sales $15.2B (+2.2%); net income $166.5M (+10.9%); Adj Diluted EPS $1.45 (+27.2%).
- FY2024 net sales $58.3B (+1.8%); net income $435.9M (+9.7%); Adj Diluted EPS $4.30 (+10.8%); operating cash flow $1.2B.
- Acquiring Cheney Brothers for $2.095B cash; target has ~$3.2B annual revenue; purchase price multiple 9.9x including $50M synergies.
- Expected to close in calendar 2025; accretive to Adj Diluted EPS by end of first full fiscal year; $50M annual synergies by year 3.
- Also closed José Santiago acquisition in July 2024; strong organic independent case volume growth of 3.7% in Q4.

## SEC filing metadata
- accession: 0000950170-24-096642
- form_type: 8-K
- ticker: PFGC
- cik: 0001618673
- company_name: Performance Food Group Co
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618673/000095017024096642/0000950170-24-096642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618673/000095017024096642/pfgc-20240813.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-096642
- JSON: https://secwatch.observer/filing/0000950170-24-096642.json
- Plain text: https://secwatch.observer/filing/0000950170-24-096642.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.