PFG and US Foods terminate merger talks; PFG reaffirms FY2026 outlook

Performance Food Group Co

PFG and US Foods mutually agreed to end information sharing; will not pursue a business combination.
PFG Board unanimously believes standalone plan is the best path for long-term stockholder value.
Q2 FY2026 outlook: net sales $16.4B-$16.7B; Adjusted EBITDA $450M-$470M.
Full-year FY2026 outlook: net sales $67.5B-$68.5B; Adjusted EBITDA $1.9B-$2.0B.
PFG cites strong fiscal Q1 results and continued momentum as support for standalone plan.

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