Performance Food Group Co. PFGC is one of the largest food service distributors in the United States. The company sources, markets, and delivers food and foodrelated products through a network of over 150 distribution facilities to over 125,000 businesses in the food service industry. The company is acquiring food service distributor Cheney Brothers for $2.1 billion, which will expand its footprint with restaurant and hospitality customers in the Southeastern region of the United States. The drop in inflati ...

The already-powerful company aims to bulk up even more through acquisitions. Performance Food Group's (PFGC 1.20%) shares were performing very well over the past few trading sessions, to the point where they were up by nearly 12% in price week to date as of early Friday morning. That's according to data compiled by S&P Global Market Intelligence. The main reason why wasn't exactly a mystery -- the comestibles company posted a very encouraging quarterly earnings report. A convincing earnings beat Performance ...

Tom Werner August 14th ended up being a really good day for shareholders of food distribution giant Performance Food Group Company (NYSE:PFGC). Shares of the company closed up 7.7% after two different announcements that management made. For starters, management announced financial results covering the final quarter of the company's 2024 fiscal year. Although revenue and earnings per share fell short of expectations, adjusted earnings exceeded forecasts. Management also included in this announcement guidance ...

shironosov In the summer of 2019, I believed that the Performance Food Group (NYSE:PFGC) was performing thanks to dealmaking. The food supplier was playing an active role as consolidator, and after numerous bolt-on deals, it pursued a larger acquisition, that of Reinhart. Since that acquisition, the company has pursued multiple more deals, accompanied by organic growth, all growing the business, also in quality and margins. This has yielded fair returns to investors as the company has grown into its valuati ...

Global Research and Evidence Lab 14 August 2024 First Read Performance Food Group Company What's The Initial View On 4Q'24 Results? PFGC's 4Q'24 adj EPS $1.45 vs. UBSe $1.35; cons. $1.37; Acquiring Cheney Bros Altogether, we think PFGC's 4Q results reflect its ability to take market share, despite the increasingly challenging macro backdrop. It guided in line to slightly above where we believe market expectations were for adjusted EBITDA for FY'25 (based on our conversations with investors). Still, we belie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) c ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 29, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37578 Performance Food Group Company (Exact name of registrant as specified in its charter) Delaware 43-1983182 (State or other jurisdicti ...

Performance Food Group Company (NYSE:PFGC) Q4 2024 Earnings Conference Call August 14, 2024 9:00 AM ET Company Participants Bill Marshall - Vice President, Investor Relations George Holm - Chairman and Chief Executive Officer Patrick Hatcher - Executive Vice President and Chief Financial Officer Conference Call Participants Kelly Bania - BMO Capital Alex Slagle - Jefferies Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Securities Andrew Wolf - CL King Mark Carden - UBS Lauren Silberman - Deutsche B ...

Key Takeaways Performance Food Group acquired Cheney Bros., a foodservice distribution company with a footprint in the Southeast. Cheney Bros. generates about $3.2 billion in annual revenue. PFG also posted fourth-quarter adjusted EPS that exceeded analysts' expectations. Performance Food Group Co. (PFGC) shares surged in intraday trading Wednesday after announcing a $2.1 billion cash acquisition of foodservice distributor Cheney Bros. and posting fourth-quarter adjusted earnings per share (EPS) that topped ...

Performance Food Group USDOT 270150 D Performance Food Group Investor Presentation August 2024 DISCLAIMER PF G / I N V E S T O R P R E S E N T A T I O N 2 | --- ...

Performance Food Group (PFGC) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.41%. A quarter ago, it was expected that this food distributor would post earnings of $0.83 per share when it actually produced earnings of $0.80, delivering a surprise of -3.61%. Over the last four quart ...