US Foods CEO says company approached PFG for a combination; PFG declined to engage

US Foods Holding Corp.

CEO Dave Flitman addressed speculation on Q2 2025 earnings call.
US Foods approached PFG to explore a potential combination.
PFG declined US Foods' invitation to work together.
US Foods estimates meaningful multi-year synergies and profitable growth from combination.
Company regularly evaluates accretive tuck-in M&A and strategic opportunities.

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