Performance Food Group Co reported first-nine months fiscal 2026 results: revenue $49.8 billion, net income $197.0 million, EPS $1.26.
“case volume increased 5.7% • Total Independent Foodservice case volume increased 11.1% • Organic Independent Foodservice case volume increased 6.0% • Net sales increased 7.4% to $49.8 billion • Gross profit improved 9.4% to $5.9 billion • Net income decreased 5.6% to $197.0 million • Adjusted EBITDA increased 10.0% to $1,341.9 million 1 • Diluted EPS decreased 6.0% to”
Earnings Releases
Performance Food Group Co reported third-quarter fiscal 2026 results: revenue $16.3 billion, net income $41.7 million, EPS $0.27.
“case volume increased 4.4% • Total Independent Foodservice case volume increased 7.3% • Organic Independent Foodservice case volume increased 6.5% • Net sales increased 6.4% to $16.3 billion • Gross profit improved 6.4% to $1.9 billion • Net income decreased 28.5% to $41.7 million • Adjusted EBITDA increased 6.6% to $410.6 million 1 • Diluted Earnings Per Share”
Material Agreements
Performance Food Group Co entered into Indenture with U.S. Bank Trust Company, National Association valued at $1.06 billion aggregate principal amount (effective 2026-02-19).
“issued and sold $1.06 billion aggregate principal amount of its 5.625% Senior Notes due 2034 (the “ Notes ”), which mature on March 1, 2034, pursuant to an indenture, dated as of February 19, 2026 (the “ Indenture ”), among the Issuer, PFGC, Inc., a Delaware corporation and the Issuer’s direct parent company (“ Parent ”), the other guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee.”
Debt Financings
Performance Food Group Co incurred senior notes of $1.06 billion with U.S. Bank Trust Company, National Association at 5.625% per annum maturing March 1, 2034.
“On February 19, 2026, Performance Food Group, Inc., a Colorado corporation (the “ Issuer ”) and an indirect wholly-owned subsidiary of Performance Food Group Company (the “ Company ”), issued and sold $1.06 billion aggregate principal amount of its 5.625% Senior Notes due 2034 (the “ Notes ”), which mature on March 1, 2034”
M&A Transactions
Performance Food Group Co completed an acquisition involving Cheney Bros., Inc. for $2.095 billion in cash (closed 2024-10-08).
“Sullivan as Sellers’ Representative. Pursuant to the terms of the Purchase Agreement, Buyer purchased all of the outstanding capital stock of Cheney Brothers from Sellers for $2.095 billion in cash, subject to customary adjustments for Cheney Brothers’ combined debt, cash, transaction expenses and net working capital (the “ Cheney Brothers Acquisition ”). Additional”
Patrick T. Hagerty resigned as Executive Vice President and Chief Commercial Officer at Performance Food Group Co.
“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.”
Danielle M. Brown was appointed as Director at Performance Food Group Co.
“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.”
Earnings Releases
Performance Food Group Co reported third quarter and first nine months fiscal 2024 (quarter ended March 30, 2024) results: revenue $13.9 billion, net income $70.4 million, EPS $0.45.
“Generation Third-Quarter Fiscal 2024 Highlights • Total case volume decreased 0.2% • Organic Independent Foodservice case volume increased 4.3% • Net sales increased 0.6% to $13.9 billion • Gross profit improved 3.8% to $1.6 billion • Net income decreased 12.3% to $70.4 million • Adjusted EBITDA increased 1.9% to $320.7 million 1 • Diluted Earnings Per Share”
Earnings Releases
Performance Food Group Co reported first half fiscal 2024 results: net income $199.0 million, EPS $1.27.
“Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2024 Results Strong Independent Restaurant Case Growth & Solid Cash Flow Generation; Reiterates Fiscal 2024 Outlook”
Earnings Releases
Performance Food Group Co reported the fiscal quarter ended December 30, 2023 results: net income $78.3 million, EPS $0.50. Guidance reaffirmed.
“Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2024 Results Strong Independent Restaurant Case Growth & Solid Cash Flow Generation; Reiterates Fiscal 2024 Outlook”
Chasity Grosh was appointed as Senior Vice President and Chief Accounting Officer at Performance Food Group Co.
“Ms. Grosh’s appointment as Senior Vice President and Chief Accounting Officer will be effective November 30, 2023.”
Christine Vlahcevic retired as Senior Vice President and Chief Accounting Officer at Performance Food Group Co.
“Ms. Vlahcevic notified the Company that she will retire on November 30, 2023.”
Shareholder Votes
Performance Food Group Co shareholders approved Advisory vote on named executive officer compensation as disclosed in the Proxy Statement at the 2023-11-30 meeting.
“The Company’s stockholders approved, in a non-binding advisory vote, the compensation paid to the Company’s named executive officers as disclosed in the Proxy Statement.”
Shareholder Votes
Performance Food Group Co shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal 2024 at the 2023-11-30 meeting.
“The Company’s stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal 2024.”
Shareholder Votes
Performance Food Group Co shareholders approved Election of Directors for a one-year term expiring at the 2024 Annual Meeting at the 2023-11-30 meeting.
“The Company’s stockholders elected the persons listed below as directors for a one-year term expiring at the Company’s 2024 Annual Meeting of Stockholders and until their respective successors are elected and qualified:”
Earnings Releases
Performance Food Group Co reported the fiscal quarter ended September 30, 2023 results: revenue $14.9 billion, net income $120.7 million, EPS $0.77.
“Profit Results; 1Q24 Adjusted EBITDA Exceeds Previously Announced Guidance Range First-Quarter Fiscal 2024 Highlights • Total case volume grew 2.6% • Net sales increased 1.5% to $14.9 billion • Gross profit improved 5.6% to $1.7 billion • Net income increased 26.1% to $120.7 million • Adjusted EBITDA increased 8.2% to $383.8 million 1 • Diluted Earnings Per Share”
Earnings Releases
Performance Food Group Co reported financial results for the fiscal quarter and fiscal year ended July 1, 2023.
“On August 16, 2023, Performance Food Group Company (the “Company”) issued a press release announcing the results of the Company’s operations for the fiscal quarter and fiscal year ended July 1, 2023.”
Christine Vlahcevic departed as Senior Vice President and Chief Accounting Officer at Performance Food Group Co.
“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.”
Chasity Grosh was appointed as Senior Vice President, Accounting at Performance Food Group Co.
“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”
Governance Changes
Performance Food Group Co: Amended and restated bylaws to update stockholder meeting and nomination procedures, including universal proxy rules (effective 2023-06-09).
“On May 24, 2023, upon the recommendation of the Nominating and Corporate Governance Committee, the Board of Directors (the “Board”) of the Company amended and restated the Company’s Amended and Restated Bylaws (as so amended and restated, the “Bylaws”) to, among other things: • Remove references to the Stockholders Agreement between the Company and two former stockholders; • In connection with a stockholder’s request to hold a special meeting of stockholders or to nominate candidates for election to the Board or propose other business to be considered at an annual meeting of stockholders: • Expand the informational requirements regarding affiliates or associates of the stockholders, and any other persons acting in concert with the stockholders; • Expand the list of information required to be provided by the stockholders to include additional customary information regarding, among other things, any interest in indebtedness of the Company or its subsidiaries, any significant equity inter”
Christine Vlahcevic departed as Senior Vice President and Chief Accounting Officer at Performance Food Group Co.
“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”).”
Earnings Releases
Performance Food Group Co updated its third-quarter and first-nine months fiscal 2023 guidance (raised).
“On May 10, 2023, Performance Food Group Company (the “Company”) issued a press release announcing the results of the Company’s operations for the fiscal quarter ended April 1, 2023.”
Material Agreements
Performance Food Group Co amended First Amendment to Fifth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent, and the other lenders party thereto (effective 2023-04-17).
“On April 17, 2023, PFGC, Inc. and Performance Food Group, Inc., each a wholly-owned subsidiary of Performance Food Group Company (the “Company”), entered into the First Amendment to Fifth Amended and Restated Credit Agreement (the “First Amendment”) with Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent, and the other lenders party thereto.”
Earnings Releases
Performance Food Group Co reported First-Half Fiscal 2023 results: revenue $28.6 billion, net income $166.8 million, EPS $1.07. Guidance raised.
“Per Share (“EPS”) increased to $0.46 • Adjusted Diluted EPS increased 46% to $0.83 1 First-Half Fiscal 2023 Highlights • Total case volume grew 9% • Net sales increased 23% to $28.6 billion • Gross profit improved 27% to $3.1 billion • Net income increased to $166.8 million • Adjusted EBITDA increased 56% to $663.5 million 1 • Diluted EPS increased to $1.07 •”
Earnings Releases
Performance Food Group Co reported the fiscal quarter ended December 31, 2022 results: revenue $13.9 billion, net income $71.1 million, EPS $0.46. Guidance raised.
“Cash Flow Generation; Raises Bottom End of Fiscal 2023 Adjusted EBITDA Outlook Second-Quarter Fiscal 2023 Highlights • Total case volume grew 3% • Net sales increased 8% to $13.9 billion • Gross profit improved 17% to $1.5 billion • Net income increased to $71.1 million • Adjusted EBITDA increased 28% to $308.8 million 1 • Diluted Earnings Per Share (“EPS”)”
Earnings Releases
Performance Food Group Co reported full fiscal year 2023 results: revenue a range of $57 billion to $59 billion. Guidance raised.
“expectation for a range of $260 million to $280 million. Full Fiscal Year 2023 Outlook For the full fiscal year 2023, PFG continues to expect net sales to be in a range of $57 billion to $59 billion. For the full fiscal year 2023, PFG now expects Adjusted EBITDA to be in a range of $1.25 billion to $1.35 billion compared to the prior expectation for a range of”
Earnings Releases
Performance Food Group Co reported fiscal second quarter of 2023 results: revenue approximately $13.9 billion. Guidance raised.
“mode on investors.pfgc.com. Preliminary Fiscal Second Quarter of 2023 Financial Results For the fiscal second quarter of 2023, PFG expects: net sales to be approximately $13.9 billion; and Adjusted EBITDA 1 to be at least $290 million compared to its previously announced expectation for a range of $260 million to $280 million. Full Fiscal Year 2023 Outlook For”
Shareholder Votes
Performance Food Group Co shareholders approved Advisory vote on frequency of advisory votes on named executive officer compensation at the 2022-11-16 meeting.
“One Year Two Years Three Years Abstentions Broker Non-Votes 138,404,552 73,307 2,236,448 103,379 4,709,377”
Shareholder Votes
Performance Food Group Co shareholders approved Advisory vote on named executive officer compensation at the 2022-11-16 meeting.
“Votes Cast For Votes Cast Against Abstentions Broker Non-Votes 139,458,896 1,123,170 235,620 4,709,377”
Shareholder Votes
Performance Food Group Co shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal 2023 at the 2022-11-16 meeting.
“Votes Cast For Votes Cast Against Abstentions Broker Non-Votes 145,066,780 427,933 32,350 N/A”
Shareholder Votes
Performance Food Group Co shareholders approved Election of Directors for a one-year term expiring at the 2023 Annual Meeting at the 2022-11-16 meeting.
“George L. Holm 139,419,187 1,367,145 31,354 4,709,377”
Earnings Releases
Performance Food Group Co updated its the fiscal quarter ended October 1, 2022 guidance (raised).
“On November 9, 2022, Performance Food Group Company (the “Company”) issued a press release announcing the results of the Company’s operations for the fiscal quarter ended October 1, 2022.”
Patrick Hatcher was appointed as Executive Vice President and Chief Financial Officer at Performance Food Group Co.
“the appointment of Patrick Hatcher as Executive Vice President and Chief Financial Officer of the Company, effective January 1, 2023”
James D. Hope retired as Executive Vice President and Chief Financial Officer at Performance Food Group Co.
“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”).”
Scott McPherson was appointed as Executive Vice President of the Company and President and Chief Executive Officer of Core-Mark at Performance Food Group Co.
“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.”
Patrick Hatcher was appointed as Executive Vice President and Chief Financial Officer at Performance Food Group Co.
“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.”
James D. Hope resigned as Executive Vice President and Chief Financial Officer at Performance Food Group Co.
“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.”
Patrick Hagerty was elected as Executive Vice President and Chief Commercial Officer at Performance Food Group Co.
“On December 20, 2021, the Board also elected Patrick Hagerty as the Company’s Executive Vice President and Chief Commercial Officer effective as of January 1, 2022.”
Craig Hoskins was elected as President and Chief Operating Officer at Performance Food Group Co.
“On December 20, 2021, the Board of Directors (the “Board”) of Performance Food Group Company (the “Company”) elected Craig Hoskins to serve as the Company’s President and Chief Operating Officer effective as of January 1, 2022.”
Meredith Adler departed as Director at Performance Food Group Co.
“On September 28, 2021, Meredith Adler, who has been a director of Performance Food Group Company (the “Company”) since September 2016, notified the Company of her decision not to stand for reelection to the Company’s Board of Directors (the “Board”) at the Company’s 2021 Annual Meeting of Stockholders (the “Annual Meeting”).”
Laura Flanagan was appointed as Director at Performance Food Group Co.
“On the Closing Date, the Board of Directors (the “Board”) of the Company appointed Laura Flanagan to the Board, effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.