PFGC closes Cheney Brothers acquisition; discloses audited FY2024: $3.28B sales, $74.4M net income

Performance Food Group Co

Completed acquisition of Cheney Brothers for $2.095 billion in cash on October 8, 2024.
Cheney Brothers audited FY2024 (May 31, 2024): net sales $3.277B, gross profit $607.8M, operating income $107.5M, net income $74.4M.
As of May 31, 2024, Cheney Brothers total assets $973.3M, total debt $356.2M, stockholders' equity $375.8M.
Unaudited pro forma combined financials for PFGC filed as Exhibit 99.3 (three months ended Sep 28, 2024 and FY ended Jun 29, 2024).
Acquisition previously announced August 13, 2024; this 8-K/A provides financial statements required under Item 9.01.

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