Performance Food Group(NYSE) PFGC

Performance Food Group Company delivers food to restaurants and stores. It helps schools and theaters serve meals to their customers. The company sells fresh meat and kitchen cleaning supplies.

What Is on the Menu?

• Foodservice: Broadline distribution of meat, seafood, and groceries for restaurants and schools; generated $36.6 billion in net sales for fiscal 2026.
• Convenience: Wholesale distribution of snacks, beverages, and nicotine products for retailers; provided $26.0 billion in net sales for fiscal 2026.
• Specialty: National distribution for vending operators and theaters; contributed $5.1 billion in net sales for fiscal 2026.
• Performance Brands: Proprietary products that generate higher profit margins than national brands; focused on independent restaurant customers.
• Logistics Services: Small parcel fulfillment for temperature-sensitive items; uses third-party carriers for smaller order sizes.

Scaling the Supply Chain

• Completed the acquisition of Cheney Brothers, which added $3.7 billion in net sales during fiscal 2026.
• Expanded the Convenience segment by adding new chain customers and completing an acquisition in fiscal 2025.
• Achieved organic independent case volume growth of 5.9% in fiscal 2026 through new business wins.
• Authorized a $500 million share repurchase program in May 2025 to buy back outstanding stock through 2029.

More Than Just Trucks

Performance Food Group operates a network of over 150 distribution centers to serve over 350,000 customer locations. Its supply chain utilizes specialized technology for small parcel fulfillment and route optimization to manage costs.

Performance by the Numbers

• Net sales were $67.8 billion in fiscal 2026, up 7.2% year over year.
• Gross profit was $8.1 billion in fiscal 2026, up 9.1% year over year.
• Net income was $359.3 million in fiscal 2026, up 5.6% year over year.
• Adjusted earnings before interest, taxes, depreciation, and amortization was $1.9 billion in fiscal 2026, up 9.2% year over year.
• Market capitalization reached $17.2 billion in fiscal 2026, up 27.0% year over year.

The Final Word

Performance Food Group has evolved from a regional distributor to a North American industry leader through strategic acquisitions. Its diversified segments and focus on high-margin proprietary brands support its growth across the food-away-from-home market.