Performance Food Group Company (PFG) (NYSE:PFGC) today announced that George Holm, PFG Chairman & Chief Executive Officer, and Patrick Hatcher, Executive Vice President & Chief Financial Officer will participate in the Barclays 10th Annual Eat, Sleep, Play, Shop Conference. PFG will webcast its fireside chat live on Thursday, December 5, 2024, at 11:15 a.m. ET. The live webcast will be available in listen-only mode on investors.pfgc.com. An archived replay of the webcast will be available later that same day. About Performance Food Group Company Performance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more th

Performance Food Group migrates 100 percent of its fleet management business to Trimble Instinct, doubling Trimble-serviced trucks WESTMINSTER, Colo., Nov. 21, 2024 /PRNewswire/ -- Trimble® (NASDAQ:TRMB) announced today that Performance Food Group Company (PFG) (NYSE:PFGC), one of North America's largest food and foodservice distribution companies, has selected Trimble, as its premier fleet management provider — servicing 100 percent of PFG's fleet business and doubling the number of trucks managed with Trimble in-cab technology from 4,000 to more than 8,000. Trimble will pro

Performance Food Group Company (PFG) (NYSE:PFGC) today announced the launch of its latest product under its FarmSmart® brand – the Beef & Jackfruit Burger. This innovative blend combines the richness of premium beef with the clean, meat-like qualities of jackfruit, supplied by The Jackfruit Company, the leading plant-based meat alternative brand. The new product offers consumers a delicious way to enjoy the taste of meat while improving nutrition and reducing their environmental footprint. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241119576098/en/Performance Food Group's FarmSmart brand Beef & Jackfruit Burger. This innovat

Strong Net Sales and Independent Restaurant Case Volume Growth First-Quarter Fiscal 2025 Highlights Total case volume increased 2.6% Total Independent Foodservice case volume increased 7.8% Organic Independent Foodservice case volume increased 4.3% Net sales increased 3.2% to $15.4 billion Gross profit improved 6.1% to $1.8 billion Net income decreased 10.5% to $108.0 million Adjusted EBITDA increased 7.3% to $411.9 million1 Diluted Earnings Per Share ("EPS") decreased 10.4% to $0.69 Adjusted Diluted EPS increased 0.9% to $1.161 Operating Cash Flow of $53.5 million Performance Food Group Company ("PFG" or the "Company") (NYSE:PFGC) today announced its first-quarter fi

Performance Food Group Company (PFG) (NYSE:PFGC) will host a live audio webcast at 9 a.m. ET Wednesday, Nov. 6, 2024, to discuss first-quarter fiscal 2025 financial results. PFG will issue a news release with those results at approximately 7 a.m. ET that same day. George Holm, PFG Chairman & Chief Executive Officer, and Patrick Hatcher, Executive Vice President & Chief Financial Officer, will discuss the company's first-quarter fiscal 2025 results and answer questions from the investment community and news media. The webcast will be available in listen-only mode at investors.pfgc.com. Pre-event registration is necessary. An archived copy of the webcast will be available later that same da

Performance Food Group Company (PFG) (NYSE:PFGC) has recently launched its third Associate Resource Group (ARG), called ¡Unidos!, as part of its inclusion, diversity and belonging initiatives. The purpose of ¡Unidos! is to foster inclusion across PFG, while cultivating a thriving community and empowering Hispanic associates to become future leaders. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015423263/en/PFG's ¡Unidos! Associate Resource Group logo. ¡Unidos!, which translates to "united," is led by co-chairs Sandy Acosta, Category Manager, Performance Foodservice, and Jorge Parra, President, Core-Mark – Los Angeles. Patri

Performance Food Group Company (PFG) (NYSE:PFGC) today announced that it has completed the acquisition of Cheney Bros., Inc. ("Cheney Brothers"), a leading independent broadline foodservice distributor based in Riviera Beach, Florida. The acquisition creates a stronger presence in the Southeast region and provides additional distribution capacity. Cheney Brothers generates approximately $3.2 billion in annual revenue. The company has approximately 3,600 employees and operates five distribution centers in Florida and North Carolina. PFG continues to expect to generate approximately $50 million of annual run-rate cost synergies in the third full fiscal year following the closing of the transa

PFG inductees have more than 830 combined years of safe and reliable driving experience Twenty-eight of Performance Food Group Company's (PFG) (NYSE:PFGC) truck drivers have been honored for their outstanding records of service and safety by being inducted into the 2024 International Foodservice Distributors Association (IFDA) Truck Driver Hall of Fame. IFDA's hall of fame program recognizes the top drivers in the foodservice industry. "Our delivery drivers are the heartbeat of our company and exemplify the values of hard work, reliability and excellence," said Jeff Williamson, senior vice president, Operations at PFG. "Their tireless service ensures we consistently meet the needs of our

Performance Food Group Company ("PFG") (NYSE:PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the "Issuer"), priced its previously announced offering of $1.0 billion aggregate principal amount of 6.125% Senior Notes due 2032 (the "notes"). PFG anticipates that the consummation of the offering will occur on September 12, 2024, subject to customary closing conditions. PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to finance the cash consideration payable in connection with PFG's previously announced proposed acquisition of Cheney Bros, Inc. (the "Cheney Brothers Acquisition") a

Performance Food Group Company ("PFG") (NYSE:PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the "Issuer"), intends, subject to market and other conditions, to offer $1.0 billion aggregate principal amount of Senior Notes due 2032 (the "notes"). PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to finance the cash consideration payable in connection with PFG's previously announced proposed acquisition of Cheney Bros, Inc. (the "Cheney Brothers Acquisition") and to pay related fees and expenses. Pending such uses, the net proceeds may be temporarily used for general corporate pur

Strong Net Sales and Independent Restaurant Case Volume Growth First-Quarter Fiscal 2025 Highlights Total case volume increased 2.6% Total Independent Foodservice case volume increased 7.8% Organic Independent Foodservice case volume increased 4.3% Net sales increased 3.2% to $15.4 billion Gross profit improved 6.1% to $1.8 billion Net income decreased 10.5% to $108.0 million Adjusted EBITDA increased 7.3% to $411.9 million1 Diluted Earnings Per Share ("EPS") decreased 10.4% to $0.69 Adjusted Diluted EPS increased 0.9% to $1.161 Operating Cash Flow of $53.5 million Performance Food Group Company ("PFG" or the "Company") (NYSE:PFGC) today announced its first-quarter fi

Performance Food Group Company (PFG) (NYSE:PFGC) today announced that it has completed the acquisition of Cheney Bros., Inc. ("Cheney Brothers"), a leading independent broadline foodservice distributor based in Riviera Beach, Florida. The acquisition creates a stronger presence in the Southeast region and provides additional distribution capacity. Cheney Brothers generates approximately $3.2 billion in annual revenue. The company has approximately 3,600 employees and operates five distribution centers in Florida and North Carolina. PFG continues to expect to generate approximately $50 million of annual run-rate cost synergies in the third full fiscal year following the closing of the transa

Performance Food Group Company ("PFG") (NYSE:PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the "Issuer"), priced its previously announced offering of $1.0 billion aggregate principal amount of 6.125% Senior Notes due 2032 (the "notes"). PFG anticipates that the consummation of the offering will occur on September 12, 2024, subject to customary closing conditions. PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to finance the cash consideration payable in connection with PFG's previously announced proposed acquisition of Cheney Bros, Inc. (the "Cheney Brothers Acquisition") a

Performance Food Group Company ("PFG") (NYSE:PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the "Issuer"), intends, subject to market and other conditions, to offer $1.0 billion aggregate principal amount of Senior Notes due 2032 (the "notes"). PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to finance the cash consideration payable in connection with PFG's previously announced proposed acquisition of Cheney Bros, Inc. (the "Cheney Brothers Acquisition") and to pay related fees and expenses. Pending such uses, the net proceeds may be temporarily used for general corporate pur

Double Digit Net Income & Earnings Per Share Growth; Strong Full Year Cash Flow Fourth-Quarter Fiscal 2024 Highlights Total case volume increased 1.1% Organic Independent Foodservice case volume increased 3.7% Net sales increased 2.2% to $15.2 billion Gross profit improved 4.7% to $1.7 billion Net income increased 10.9% to $166.5 million Adjusted EBITDA increased 18.4% to $456.2 million1 Diluted Earnings Per Share ("EPS") increased 11.5% to $1.07 Adjusted Diluted EPS increased 27.2% to $1.451 Full-Year Fiscal 2024 Highlights Total case volume grew 1.6% Organic Independent Foodservice case volume increased 6.0% Net sales increased 1.8% to $58.3 billion

Solid Independent Foodservice Case Growth & Strong Cash Flow 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 million1 Diluted Earnings Per Share ("EPS") decreased 11.8% to $0.45 Adjusted Diluted EPS decreased 3.6% to $0.801 First-Nine Months Fiscal 2024 Highlights Total case volume grew 1.7% Organic Independent Foodservice case volume increased 6.9% Net sales increased 1.7% to $43.1 billion Gr

Strong Independent Restaurant Case Growth & Solid Cash Flow Generation; Reiterates Fiscal 2024 Outlook Second-Quarter Fiscal 2024 Highlights Total case volume grew 2.1% Net sales increased 2.9% to $14.3 billion Gross profit improved 6.6% to $1.6 billion Net income increased 10.1% to $78.3 million Adjusted EBITDA increased 11.9% to $345.4 million1 Diluted Earnings Per Share ("EPS") increased 8.7% to $0.50 Adjusted Diluted EPS increased 8.4% to $0.901 First-Half Fiscal 2024 Highlights Total case volume grew 2.4% Net sales increased 2.2% to $29.2 billion Gross profit improved 6.1% to $3.3 billion Net income increased 19.3% to $199.0 million Adjusted EBI

Strong Independent Case Growth Drives Solid 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 million1 Diluted Earnings Per Share ("EPS") increased 24.2% to $0.77 Adjusted Diluted EPS increased 6.5% to $1.151 Operating Cash Flow of $87.1 million Free cash flow of $33.9 million1 Performance Food Group Company ("PFG" or the "Company") (NYSE:PFGC) today announced its first-quarter fiscal 2024 busines

Strong Independent Organic Case Growth, Double Digit Gross Profit Growth and Strong Cash Flow; Announces Fiscal 2024 Outlook Fourth-Quarter Fiscal 2023 Highlights Total case volume grew 2% Net sales increased 2% to $14.9 billion Gross profit improved 12% to $1.7 billion Net income increased to $150.1 million Adjusted EBITDA increased 8% to $385.2 million1 Diluted Earnings Per Share ("EPS") increased to $0.96 Adjusted Diluted EPS increased 7% to $1.141 Full-Year Fiscal 2023 Highlights Total case volume grew 6% Net sales increased 13% to $57.3 billion Gross profit improved 19% to $6.3 billion Net income increased to $397.2 million Adjusted EBITDA incre

Total and Independent Organic Case Growth Accelerates, Double Digit Profit Growth and Strong Cash Flow; Raises and Tightens Fiscal 2023 Adjusted EBITDA Outlook Range Third-Quarter Fiscal 2023 Highlights Total case volume grew 3% Net sales increased 5% to $13.8 billion Gross profit improved 12% to $1.5 billion Net income increased to $80.3 million Adjusted EBITDA increased 32% to $314.7 million1 Diluted Earnings Per Share ("EPS") increased to $0.51 Adjusted Diluted EPS increased 63% to $0.831 First-Nine Months Fiscal 2023 Highlights Total case volume grew 7% Net sales increased 17% to $42.4 billion Gross profit improved 22% to $4.6 billion Net income inc

Morgan Stanley analyst Brian Harbour maintains Performance Food Gr (NYSE:PFGC) with a Equal-Weight and lowers the price target from $80 to $76.

Performance Food Gr's (NYSE:PFGC) short percent of float has fallen 4.68% since its last report. The company recently reported that it has 1.96 million shares sold short, which is 1.63% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.53 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short in

Performance Food Gr's (NYSE:PFGC) short percent of float has risen 6.6% since its last report. The company recently reported that it has 1.36 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.17 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte

Barclays analyst Jeffrey Bernstein maintains Performance Food Gr (NYSE:PFGC) with a Overweight and lowers the price target from $86 to $84.

Performance Food Group Company (NYSE:PFGC) shares are trading higher on Wednesday. The company reported that the third quarter adjusted earnings per share was 80 cents, which missed the street view of 84 cents. Total case volume decreased 0.2%, while net sales increased 0.6%. Quarterly sales of $13.858 billion missed the street view of $14.188 billion. George Holm, PFG’s Chairman & Chief Executive Officer, said, “After a challenging January due to tough weather conditions, our business saw sequential improvement in February and March.” Third-quarter net sales for Foodservice increased 1.0% to $7 billion compared to the prior year period. Vistar’s net sales increased by 1.7% to $1

. For the full fiscal year 2024, Performance Food Groupnow expects Adjusted EBITDA to be in a $1.48 billion to $1.5 billion range compared to the previously announced $1.45 billion to $1.5 billion range

Performance Food Gr (NYSE:PFGC) reported quarterly earnings of $0.80 per share which missed the analyst consensus estimate of $0.84 by 4.76 percent. This is a 3.61 percent decrease over earnings of $0.83 per share from the same period last year. The company reported quarterly sales of $13.86 billion which missed the analyst consensus estimate of $14.19 billion by 2.34 percent. This is a 0.63 percent increase over sales of $13.77 billion the same period last year.

Performance Food Gr's (NYSE:PFGC) short percent of float has fallen 54.27% since its last report. The company recently reported that it has 900 thousand shares sold short, which is 0.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.28 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i