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Performance Food pany(PFGC) - 2022 Q1 - Earnings Call Transcript
2021-11-10 18:02
Performance Food Group Company (NYSE:PFGC) Q1 2022 Results Conference Call November 10, 2021 9:00 AM ET Company Participants Bill Marshall - IR George Holm - CEO Jim Hope - CFO Conference Call Participants Kelly Bania - BMO Capital Edward Kelly - Wells Fargo Alex Slagle - Jefferies John Heinbockel - Guggenheim Jeffrey Bernstein - Barclays Lauren Silberman - Crédit Suisse Mark Carden - UBS John Glass - Morgan Stanley Nicole Miller - Piper Sandler Peter Sale - BTIG Operator Good day, and welcome to the PFG's ...
Performance Food pany(PFGC) - 2021 Q4 - Annual Report
2021-08-23 22:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 3, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 43-1983182 (State or other jurisdiction of incorporation or organization) 12500 West Creek Parkway Richmond, Virginia 23238 (804) 484-7700 (Address of principal executive offices, including zip ...
Performance Food pany(PFGC) - 2021 Q4 - Earnings Call Transcript
2021-08-19 18:34
Performance Food Group Company (NYSE:PFGC) Q4 2021 Earnings Conference Call August 19, 2021 9:00 AM ET Company Participants Bill Marshall - IR George Holm - CEO Jim Hope - CFO Conference Call Participants John Heinbockel - Guggenheim Partners Alex Slagle - Jefferies Lauren Silberman - Credit Suisse Edward Kelly - Wells Fargo Mark Carden - UBS Joshua Long - Piper Sandler Good day, and welcome to PFG's Fiscal Year Q4 2021 Earnings Conference Call [Operator Instructions]. I would now like to turn the call ove ...
Performance Food Group (PFGC) presents at the Consumer Virtual Conference - slideshow
2021-06-25 15:45
Performance Food Group Jefferies Virtual Consumer Conference June 2021 Jefferies 2021 1 Disclaimer This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources and other nonhistorica ...
Performance Food pany(PFGC) - 2021 Q3 - Earnings Call Transcript
2021-05-08 20:28
Performance Food Group Company (NYSE:PFGC) Q3 2021 Earnings Conference Call May 5, 2021 9:00 AM ET Company Participants Bill Marshall - IR George Holm - CEO Jim Hope - CFO Conference Call Participants John Heinbockel - Guggenheim Alex Slagle - Jefferies Edward Kelly - Wells Fargo John Glass - Morgan Stanley Lauren Silberman - Crédit Suisse Kelly Bania - BMO Capital Jeffrey Bernstein - Barclays Nicole Regan - Piper Sandler Jenna Giannelli - Goldman Sachs Carla Casella - JPMorgan Peter Saleh - BTIG Fred Wigh ...
Performance Food pany(PFGC) - 2021 Q1 - Earnings Call Transcript
2021-05-08 05:42
Core-Mark Holding Company Inc (CORE) Q1 2021 Earnings Conference Call May 6, 2021 8:00 AM ET Company Participants David Lawrence – Vice President, Treasury and Investor Relations Scott McPherson – President, Chief Executive Officer Chris Miller – Chief Financial Officer Conference Call Participants Ben Bienvenu – Stephens Kelly Bania – BMO Capital Matt Fishbein – Jefferies John Lawrence – Benchmark Operator Welcome to the Core-Mark First Quarter 2021 Investor Call. My name is Karen, and I will be your opera ...
Performance Food pany(PFGC) - 2021 Q3 - Quarterly Report
2021-05-05 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 27, 2021 ☐ 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 jur ...
Core-Mark (COR) Investor Presentation - Slideshow
2021-03-04 20:37
| --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | 2 Safe Harbor & SEC Regulation G Safe Harbor Statements made in the course of this presentation that state the company's or management's hopes, beliefs, expectations or predictions of the future are forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results and performance could differ materially from those set forth in the forward-looking statements. Addi ...
Performance Food pany(PFGC) - 2020 Q4 - Earnings Call Transcript
2021-03-01 16:42
Financial Data and Key Metrics Changes - In Q4 2020, the company reported revenues of $4.3 billion, a 2.3% increase from the previous year, driven by strong cigarette and tobacco sales trends [11][30] - EBITDA for the quarter was $55.1 million, reflecting a 14.1% improvement year-over-year, with a gross profit margin of 5.21%, showing significant recovery compared to the last two quarters [12][14] - For the full year, total sales reached $17 billion with record-setting EBITDA of $202 million, although remaining gross profit margins declined by 30 basis points [14][29] Business Line Data and Key Metrics Changes - Total cigarette sales increased by 4.6% in Q4, while non-cigarette sales decreased by 1.8%, indicating a shift in consumer buying behavior due to the pandemic [30][32] - The remaining gross profit margin for Q4 declined by 21 basis points, but this was an improvement compared to previous quarters [32] - Operating expenses decreased by 4.1% to $197.1 million, contributing to overall cost leverage [35] Market Data and Key Metrics Changes - Cigarette sales accounted for 66.7% of total sales in Q4, which compressed the overall remaining gross profit margin [33] - The company experienced a decline in margins in non-cigarette categories, particularly in food, candy, and health products [31][33] Company Strategy and Development Direction - The company aims to grow sales and margins faster than the industry, enhance category management solutions, and drive cost leverage [16][19] - A strategic focus on technology enhancements and acquisitions is planned, with optimism for meaningful acquisitions in the next 12 to 18 months [18][20] - The company has initiated a private label initiative and partnerships to meet consumer demand for unique products [82][84] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to drive growth despite pandemic-related challenges [25][26] - The outlook for 2021 anticipates revenues between $17.2 billion and $17.5 billion, with continued margin improvement expected [42] - The company expects to face cost inflation in labor and raw materials but has strategies in place to mitigate these impacts [66][68] Other Important Information - The company has a new three-year, $375 million shareholder return plan that includes aggressive share repurchases and continued dividend growth [40][25] - Free cash flow for the year was $117.1 million, primarily used for dividends and share repurchases [37] Q&A Session Summary Question: On the $375 million shareholder return plan and M&A - Management indicated that they can pursue both share repurchases and acquisitions simultaneously, supported by strong free cash flows [54] Question: On technology and robotics investments - Management noted that increased productivity in warehouse and transportation will enhance margins, with expectations of returning to normal margin rates by Q4 [56] Question: On cost inflation and its impact - Management acknowledged potential product inflation and labor cost increases, but emphasized that their pricing algorithms mitigate fuel cost impacts [66][68] Question: On distribution and delivery efficiency - Management highlighted improvements in fleet utilization and efficiency, anticipating continued benefits as consumer behavior normalizes [70] Question: On outlook for cigarettes and non-cigarettes - Management expects cigarette trends to stabilize, with non-cigarette categories showing steady recovery and growth projected in the 5% to 8% range [80]
Performance Food pany(PFGC) - 2021 Q2 - Quarterly Report
2021-02-03 21:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 26, 2020 ☐ 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 ...