Company Overview

Performance Food Group Company (PFGC), through its subsidiaries, engages in the marketing and distribution of food and food-related products across North America. It stands as an industry leader and one of the largest food and foodservice distribution companies in the region, operating over 150 locations in the U.S. and parts of Canada. Performance Food Group Company was founded in 1885 and is headquartered in Richmond, Virginia.

Business Operations

Founded and headquartered in Richmond, Virginia, PFG and its family of companies market and deliver quality food and related products to over 300,000 locations across North America. The company operates through three main segments:

Foodservice Segment

This segment distributes a comprehensive line of national brands, customer brands, and proprietary-branded food and food-related products to independent and multi-unit chain restaurants and other institutions. It focuses on delivering complete food solutions to various dining establishments.

Vistar Segment

The Vistar segment specializes in offering candy, snacks, and beverages to customers in vending, office coffee services, theater, retail, and other unique distribution channels beyond traditional foodservice.

Convenience Segment

This segment comprises a range of products, marketing programs, and technology solutions for convenience stores and related retail outlets across the United States and Canada.

Product Portfolio

The company offers an extensive array of products, including:

• Beef, pork, poultry, and seafood

• Frozen food and refrigerated products

• Dry groceries, dairy, bread, candy, snacks, beverages, and other related items

• Cigarettes, alternative nicotine products, and other tobacco products

• Health and beauty care products

• Disposables, cleaning, and kitchen supplies

In addition, Performance Food Group provides value-added services in areas such as product selection and procurement, menu development, and operational strategy.

Financial Performance - Fiscal Year 2025

Performance Food Group achieved significant milestones in fiscal year 2025:

Revenue Growth

• Performance Food Group Co (NYSE: PFGC) surpassed $63 billion in top-line revenue for fiscal 2025.

• In FY2025, revenue was $59.90 billion, marking an increase of 9.54% compared to the previous year's $54.68 billion.

Q4 FY2025 Performance

• Revenue rose 11.5% to $16.9 billion, exceeding the consensus estimate of $16.78 billion.

• The company reported fourth-quarter fiscal 2025 adjusted earnings per share (EPS) of $1.55, surpassing analyst estimates of $1.45.

• Gross profit for the fourth quarter increased by 14.6%, with a gross profit per case increase of $0.17 compared to the prior year.

Volume Growth

• The strong performance was driven by robust case volume growth, with total case volume increasing 11.9% year-over-year.

• Independent foodservice case volume, a key growth metric, surged 20.4%, with organic independent foodservice case volume rising 5.9%.

Market Capitalization

As of September 2025, Performance Food Group has a market capitalization of ₹1.452 Trillion. The company's stock has demonstrated strong performance, with the all-time high closing price recorded at $108.72 on September 17, 2025.

Strategic Initiatives

The company has implemented its "PFG One" strategy to drive growth across all business segments. This strategy emphasizes hiring the best talent in the industry and empowering them with the autonomy to build and grow the business. In the fourth quarter, PFG continued to aggressively hire foodservice sales representatives, ending the year with an 8.8% increase compared to the prior year.

Forward Guidance

Performance Food Group has provided optimistic guidance for the upcoming fiscal years:

• Guidance for Fiscal 2026:

_ Projected Net Sales: Between $67 billion and $68 billion

_ Projected Adjusted EBITDA: Between $1.9 billion and $2 billion

• 3-Year Outlook for Fiscal 2028:

_ Targeting Annual Sales: $73 billion to $75 billion

_ Targeting Adjusted EBITDA: $2.3 billion to $2.5 billion

Leadership and Workforce

"Our organization finished fiscal 2025 with strong financial results driven by contributions from each of our three operating segments," stated George Holm, PFG's Chairman & Chief Executive Officer. "I am proud of the accomplishments of our 43,000 employees, particularly our sales associates, who continue to drive share gains across our business segments."

Performance Food Group continues to solidify its position as a leading food distribution company in North America, exhibiting consistent growth across all business segments and maintaining a strong foundation for future expansion. The company's diversified portfolio and extensive distribution network are well-positioned to capitalize on emerging opportunities within the evolving foodservice industry.

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