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 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.
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.
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.
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%).
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%).
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.
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%).
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.
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 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%).
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