Performance Food Group Company Common Stock (PFGC)
90.37
-0.56 (-0.62%)
Performance Food Group Company is a leading distributor of food and food-related products in the United States
The company serves a diverse range of customers, including restaurants, schools, healthcare facilities, and convenience stores, providing them with a wide array of food items, beverages, and supplies essential for their operations. Performance Food Group focuses on delivering high-quality products and exceptional service, leveraging innovative technology and supply chain solutions to efficiently meet the needs of its clients while also promoting sustainability and responsible sourcing practices. Through its extensive distribution network, the company is committed to enhancing the culinary experience across various segments of the foodservice industry.
Performance Food Group Company (PFG) (NYSEPFGC) will host a live audio webcast at 9 a.m. ET Wednesday, Feb. 5, 2025, to discuss second-quarter fiscal 2025 financial results. PFG will issue a news release with those results at approximately 7 a.m. ET that same day.
Performance Food Group Company (PFG) (NYSEPFGC) is pleased to announce its board of directors has approved two changes to PFG’s leadership team. Effective Jan. 1, 2025, Scott McPherson has been promoted to President & Chief Operating Officer (COO), while Craig Hoskins will transition into the newly established position of Executive Vice President (EVP) & Chief Development Officer.
Performance Food Group Company (PFG) (NYSEPFGC) 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.
Performance Food Group Company (PFG) (NYSEPFGC) 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.
Performance Food Group Company (PFG) (NYSEPFGC) 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.
Performance Food Group Company (PFG) (NYSEPFGC) 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.
Performance Food Group Company (PFG) (NYSEPFGC) 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 transaction.
Twenty-eight of Performance Food Group Company’s (PFG) (NYSEPFGC) 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.
Performance Food Group Company (“PFG”) (NYSEPFGC) 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”) and to pay related fees and expenses. Pending such uses, the net proceeds may be temporarily used for general corporate purposes, including repayment of borrowings under its revolving credit facility.
Performance Food Group Company (“PFG”) (NYSEPFGC) 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 purposes, including repayment of borrowings under its revolving credit facility.
The July consumer inflation report released Wednesday confirmed a continued cooling trend in price increases across the economy, with the headline Consumer Price Index (CPI) coming in at 2.9% year-over-year, slightly below both the p
