Highest-materiality recent filing
Performance Food Group Q3 net sales up 6.4% to $16.3B; adjusted EPS rises 1.3%
Total case volume +4.4%; Independent Foodservice case volume +7.3% (organic +6.5%).
PFGC subsidiary issues $1.06B 5.625% Senior Notes due 2034 to refinance 2027 Notes
Issued $1.06B aggregate principal of 5.625% Senior Notes due March 1, 2034 at par.
PFG subsidiary plans $1.06B senior notes offering to refinance 2027 notes
Indirect subsidiary Performance Food Group, Inc. intends to offer $1.06B aggregate principal of Senior Notes due 2034.
Performance Food Group prices $1.06B of 5.625% Senior Notes due 2034
Indirect subsidiary priced $1.06B aggregate principal of 5.625% Senior Notes due 2034.
PFG Q2 net income +45.5% to $61.7M; adjusts FY2026 guidance
Q2 net sales $16.4B (+5.2% YoY); gross profit $2.0B (+7.6%); net income $61.7M (+45.5%).
PFG announces CEO succession: Holm to Executive Chair, McPherson named CEO effective Jan 1, 2026
George Holm retires as CEO effective Jan 1, 2026, transitions to Executive Chair of the Board.
PFG and US Foods terminate merger talks; PFG reaffirms FY2026 outlook
PFG and US Foods mutually agreed to end information sharing; will not pursue a business combination.
Performance Food Group stockholders elect 12 directors, ratify auditor, approve say-on-pay
All 12 director nominees elected with votes for ranging from 137.1M to 142.6M out of ~145.3M votes cast.
PFG Q1 FY2026: Sales +10.8% to $17.1B, Adjusted EBITDA +16.6% to $480.1M
Net sales $17.1B (+10.8%); gross profit $2.0B (+14.3%); net income $93.6M (-13.3%).
PFG appoints Sachem Head founder Scott Ferguson to board under cooperation agreement
Board expanded to 13 directors; Ferguson appointed to Audit and Finance Committee.
PFG enters clean-team agreement with US Foods to explore potential combination
Clean-team agreement enables sharing non-public info to evaluate regulatory considerations and synergies.
Performance Food Group EVP & Chief Development Officer Craig Hoskins to retire Jan 5, 2026
Hoskins will resign as EVP & Chief Development Officer on Jan 5, 2026 and provide consulting through Dec 31, 2026.
Q4 net sales $16.9B (+11.5% YoY), gross profit $2.0B (+14.6%), net income $131.5M (-21.0%).
PFG reaffirms FY25 guidance, sets FY28 targets, authorizes $500M buyback
Reaffirms FY2025 net sales $63-63.5B and Adjusted EBITDA $1.725-1.75B.
PFG Q3 net sales up 10.5% to $15.3B; adj. EBITDA +20.1% but net income -17.2%
Diluted EPS $0.37 (-17.8% YoY); adjusted diluted EPS $0.79 (-1.3% YoY).
PFGC Q2 Adj EBITDA +22.5% to $423M; Independent case volume +19.8%
Net sales $15.6B (+9.4% YoY); net income $42.4M (-45.8%); diluted EPS $0.27 (-46.0%).
PFGC closes Cheney Brothers acquisition; discloses audited FY2024: $3.28B sales, $74.4M net income
Completed acquisition of Cheney Brothers for $2.095 billion in cash on October 8, 2024.
Performance Food Group promotes McPherson to President/COO, Hoskins to Chief Development Officer
Scott McPherson named President & COO effective Jan 1, 2025; previously EVP & Chief Field Operations Officer.
PFGC stockholders approve 2024 Omnibus Incentive Plan and elect all directors at annual meeting
Elected 11 director nominees; George Holm received 141.2M votes for (1.3M against).
PFG Q1: Net sales up 3.2% to $15.4B; adj. EBITDA +7.3%; GAAP EPS -10.4% to $0.69
Total case volume +2.6%; Independent Foodservice +7.8% (organic +4.3%).
PFG completes $2.095B Cheney Brothers acquisition; raises FY2025 outlook
Acquired Cheney Brothers for $2.095B in cash, adding ~$3.2B annual revenue and 5 distribution centers in FL/NC.
PFGC upsizes revolver to $5.0B, issues $1.0B 6.125% notes due 2032 for Cheney Bros. acquisition
Sixth Amended Credit Agreement increases revolving commitments from $4.0B to $5.0B, extends maturity to Sept. 9, 2029.
PFGC to offer $1.0B Senior Notes due 2032, amend ABL to $5B for Cheney Brothers deal
Intends to offer $1.0B aggregate principal amount of Senior Notes due 2032; proceeds plus ABL borrowings to fund Cheney Brothers acquisition.
PFG prices $1.0B of 6.125% Senior Notes due 2032 for Cheney Bros acquisition
PFG priced $1.0B aggregate principal of 6.125% Senior Notes due 2032 on Sept 4, 2024.
PFG reports strong Q4 earnings and announces $2.1B acquisition of Cheney Brothers
Q4 net sales $15.2B (+2.2%); net income $166.5M (+10.9%); Adj Diluted EPS $1.45 (+27.2%).
Patrick Hagerty, EVP & Chief Commercial Officer, will retire on Jan 4, 2025; transitions to consultant through June 30, 2025.
PFG appoints Danielle Brown to Board; expands board to 12 directors
Danielle M. Brown appointed independent director, effective June 28, 2024; serves on Audit & Finance and Tech & Cybersecurity committees.
Third-quarter net sales $13.9B (+0.6%), gross profit $1.6B (+3.8%); net income $70.4M (-12.3%), diluted EPS $0.45 (-11.8%).
Performance Food Group redeems $275M of 6.875% Senior Notes due 2025
Indirect subsidiary delivered notice to redeem all $275M outstanding 6.875% Senior Notes due 2025.
Patrick T. Hagerty, Executive Vice President and Chief Commercial Officer of Performance Food Group Company (the “Company”) notified the Company of his intention to retire and resign from his position as Executive Vice President and Chief Commercial Officer.
On June 28, 2024, the Board of Directors (the “Board”) of Performance Food Group Company (the “Company”) appointed Danielle M. Brown to the Board, effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event earnings