Highest-materiality recent filing
PFG Q4 FY26 EPS $1.03, revenue $18.0B; FY26 diluted EPS $2.29; FY27 guidance issued
Q4 FY26: net sales $18.0B (+6.4%), net income $162.3M (+23.4%), diluted EPS $1.03 (+22.6%).
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.
PFG Q2 fiscal 2024 net sales up 2.9% to $14.3B; adj. EBITDA +11.9% to $345.4M
Net income increased 10.1% to $78.3M; diluted EPS up 8.7% to $0.50.
PFGC CAO Christine Vlahcevic retires Nov 30; Chasity Grosh appointed successor
Christine Vlahcevic retired as SVP and Chief Accounting Officer effective Nov 30, 2023.
Performance Food Group annual meeting elects all 11 director nominees and ratifies auditor
All 11 director nominees elected; Jeffrey M. Overly received lowest support with 6.8M against.
PFG Q1 adjusted EBITDA $383.8M beats guidance; net income up 26%
Net sales $14.9B (+1.5% YoY); gross profit $1.7B (+5.6%); net income $120.7M (+26.1%)
PFG Q4 net sales $14.9B, adj. EPS $1.14; FY net sales $57.3B, adj. EBITDA up 34%
Q4 net sales $14.9B (+2% YoY); gross profit $1.7B (+12%); net income $150.1M; adjusted EBITDA $385.2M (+8%).
Performance Food Group appoints Chasity Grosh as next CAO; Vlahcevic to retire by Dec 31
Chasity Grosh appointed SVP, Accounting effective Sept 5, 2023; will succeed as CAO after transition by Dec 31, 2023.
Performance Food Group CAO to retire by end of 2023; board adopts amended bylaws
Christine Vlahcevic, SVP & CAO, to retire no later than Dec 31, 2023; will continue until successor appointed, then advisor.
PFG Q3 FY2023: Net sales $13.8B (+5%), adj EBITDA +32%, raises FY outlook
Q3 net sales $13.8B (+5% YoY), net income $80.3M, diluted EPS $0.51.
Performance Food Group amends credit facility to replace LIBOR with SOFR benchmark
First Amendment to ABL Facility effective April 17, 2023, transitions benchmark from LIBOR to term SOFR.
PFG reaffirms FY2023 and long-term outlook at CAGNY conference
Q3 FY2023 net sales reaffirmed at $13.7-14.0B; Adjusted EBITDA $270-290M.
Q2 net sales $13.9B (+8% YoY); gross profit $1.5B (+17%).
PFG reports prelim Q2 net sales ~$13.9B, raises FY2023 Adjusted EBITDA guidance
Net sales expected approximately $13.9B for fiscal Q2 2023.
PFGC changes segment profit metric to Adjusted EBITDA; updates pro forma for Core-Mark deal
Changed measure of segment profit to Adjusted EBITDA; retrospective restatement of FY2022 MD&A and Note 19.
PFGC authorizes $300M share repurchase program through Nov 2026, up from $250M
Board approved new $300M buyback program expiring November 16, 2026, replacing prior $250M authorization.
PFG Q1 FY2023: Net sales +42% to $14.7B, adj. EBITDA +93%, raises FY outlook
Total case volume +16%; net sales $14.7B (+42% YoY); gross profit $1.6B (+38%).
Performance Food Group reaffirms FY2023 guidance; mgmt to hold investor meetings
Reaffirmed FY2023 net sales range $56B-$58B, Adjusted EBITDA $1.15B-$1.25B.
PFGC discloses new CFO Patrick Hatcher's comp: $550k base, $500k equity grant, $1.1M LTI target
Patrick Hatcher appointed EVP/CFO effective Jan 1, 2023; base salary raised to $550,000 (effective Oct 1, 2022).
PFG reports Q4 net sales up 57% to $14.6B; adjusted diluted EPS $1.07 (+91%)
Q4 net sales $14.6B (+57%); net income $76.0M (+142%); adjusted EBITDA $357.1M (+69%).
Performance Food Group CFO Jim Hope to retire; Patrick Hatcher named successor effective Jan 1, 2023
Jim Hope resigns as EVP & CFO effective Dec 31, 2022; will consult through Aug 31, 2023 for $400,000.
PFG reaffirms FY2022 guidance; sets FY2025 targets of $62-64B sales, $1.5-1.7B Adj. EBITDA
Fiscal 2022 outlook reaffirmed: net sales $50.5B-$51B, Adjusted EBITDA $1B-$1.01B.
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.
Ms. Vlahcevic notified the Company that she will retire on November 30, 2023.
Ms. Grosh’s appointment as Senior Vice President and Chief Accounting Officer will be effective November 30, 2023.
As previously disclosed, on May 23, 2023, Christine Vlahcevic, Senior Vice President and Chief Accounting Officer of Performance Food Group Company (the “Company”), notified the Company of her intention to retire and resign from her position as Senior Vice President and Chief Accounting Officer, following a transition period, but no later than December 31, 2023.
On August 9, 2023, the Board of Directors (the “Board”) of the Company appointed Chasity Grosh to serve as Senior Vice President, Accounting of the Company, effective September 5, 2023
On May 23, 2023, Christine Vlahcevic, Senior Vice President and Chief Accounting Officer of Performance Food Group Company (the “Company”), notified the Company of her intention to retire and resign from her position as Senior Vice President and Chief Accounting Officer, effective no later than December 31, 2023 (the “Effective Date”).
On August 11, 2022, Performance Food Group Company (the “Company”) filed a Form 8-K reporting the retirement of James D. Hope, the Company’s Executive Vice President and Chief Financial Officer, effective December 31, 2022, and the appointment of Patrick Hatcher as Executive Vice President and Chief Financial Officer of the Company, effective January 1, 2023 (the “Original Report”).
the appointment of Patrick Hatcher as Executive Vice President and Chief Financial Officer of the Company, effective January 1, 2023
James D. Hope, Executive Vice President and Chief Financial 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 Financial Officer, effective December 31, 2022.
the Board also appointed Scott McPherson to serve as Executive Vice President of the Company and President and Chief Executive Officer of Core-Mark Holding Company, Inc. (“Core-Mark”), effective August 10, 2022.
the Board of Directors of the Company (the “Board”) appointed Patrick Hatcher, 52, as Executive Vice President and Chief Financial Officer of the Company, effective January 1, 2023.
Max materiality 0.85 · Median 0.65 · Most common event earnings