Welcome to our dedicated page for Performance Food Group Co news (Ticker: PFGC), a resource for investors and traders seeking the latest updates and insights on Performance Food Group Co stock.
Performance Food Group Company (PFGC) is a Fortune 100 food and foodservice distributor that is described as an industry leader and one of the largest food and foodservice distribution companies in North America. Founded and headquartered in Richmond, Virginia, the company and its family of businesses market and deliver food and related products to more than 300,000 locations, including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores.
The PFGC news feed highlights developments that matter to investors and market watchers. Recent company announcements have focused on leadership succession, with PFG disclosing that George L. Holm will retire as Chief Executive Officer and that Scott E. McPherson will become Chief Executive Officer and President while Mr. Holm moves to the role of Executive Chair. Other news items cover shareholder engagement and governance, including a cooperation agreement with Sachem Head Capital Management LP and the appointment of Scott D. Ferguson to the Board of Directors and the Audit and Finance Committee.
News coverage also includes financial and operating updates. PFG regularly issues earnings releases for its fiscal quarters and full year, detailing case volume growth, net sales, gross profit, segment performance and cash flow, as well as its financial outlook. These releases describe trends across its Foodservice, Convenience and Specialty segments and the impact of acquisitions such as Cheney Brothers and José Santiago. In addition, the company has reported on an information-sharing arrangement with US Foods Holding Corp. to evaluate a potential business combination, followed by a later announcement that PFG and US Foods mutually agreed to terminate that process.
By following PFGC news, readers can monitor topics such as segment performance, acquisitions, capital allocation, shareholder activism, governance changes and strategic initiatives like the PFG One enterprise approach. The news stream provides context for how PFG navigates competition, integration of acquired businesses and its role in the food-away-from-home distribution market.
Performance Food Group (NYSE: PFGC) priced $1.06 billion of 5.625% Senior Notes due 2034. The Issuer expects to close the offering on February 19, 2026, subject to customary conditions.
PFG intends to use net proceeds, together with borrowings under its revolving credit facility, to redeem all outstanding 5.500% Senior Notes due 2027. The new notes will be guaranteed by the Parent and material domestic subsidiaries and are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S; they are not registered under the Securities Act.
Performance Food Group (NYSE: PFGC) announced on February 9, 2026 an intention to offer $1.06 billion aggregate principal amount of Senior Notes due 2034. Net proceeds, together with revolving credit borrowings, are intended to redeem the Issuer’s outstanding 5.500% Senior Notes due 2027 and pay related fees and expenses.
The notes will be guaranteed by PFGC and material wholly-owned domestic restricted subsidiaries, and they will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The notes are not registered under the Securities Act.
Performance Food Group (NYSE: PFGC) reported solid Q2 and first-six months fiscal 2026 results with case volume, sales, profit, and cash flow improvements. Q2 net sales were $16.4B (+5.2%), gross profit $2.0B (+7.6%), and Adjusted EBITDA $451.2M (+6.7%).
First six months net sales were $33.5B (+7.9%), gross profit $4.0B (+10.9%), Adjusted EBITDA $931.3M (+11.5%), operating cash flow $456.0M, and free cash flow $263.7M. Guidance for FY2026 Adjusted EBITDA tightened to $1.875B–$1.975B.
Performance Food Group (NYSE:PFGC) will host a live audio webcast at 9:00 a.m. ET on Wednesday, February 4, 2026 to discuss second-quarter fiscal 2026 results. A news release with those results will be issued at approximately 7:00 a.m. ET the same day.
Scott McPherson, President & Chief Executive Officer, and Patrick Hatcher, Executive Vice President & Chief Financial Officer, will present and answer questions. The webcast is listen-only at investors.pfgc.com, requires pre-event registration, and an archived copy will be available later that day.
Performance Food Group (NYSE: PFGC) announced a planned leadership succession effective Jan. 1, 2026. George Holm will transition from CEO to Executive Chair and remain involved in M&A, customer relationships, and strategic oversight. Scott McPherson, currently President and COO, will become CEO and join the Board.
McPherson joined PFG as President and COO in January 2025, previously served as Chief Field Operations Officer since January 2024, and has over 30 years of industry experience including prior service as CEO of CoreMark. The Board describes the move as the result of a multi-year succession plan aligned with PFG’s 2025 strategic objectives.
Performance Food Group (NYSE:PFGC) and US Foods mutually agreed to terminate the previously announced information sharing process and will no longer pursue a potential business combination as of November 24, 2025.
PFG said its Board unanimously supports executing a standalone strategic plan and cited strong fiscal first quarter results as supporting independent value creation. PFG reaffirmed its fiscal 2026 outlook announced November 5, 2025: Q2 net sales $16.4B–$16.7B and Q2 Adjusted EBITDA $450M–$470M; full-year net sales $67.5B–$68.5B and Adjusted EBITDA $1.9B–$2.0B. Management said Adjusted EBITDA excludes certain variable items and it cannot reliably estimate their impact on GAAP net income.
Performance Food Group (NYSE: PFGC) reported first-quarter fiscal 2026 results with net sales up 10.8% to $17.1B, gross profit up 14.3% to $2.0B, and Adjusted EBITDA up 16.6% to $480.1M. Total case volume rose 9.4% and independent Foodservice cases grew 16.6% (organic independent +6.3%). Net income and diluted EPS declined to $93.6M and $0.60 respectively, while Adjusted Diluted EPS rose to $1.18. Operating cash flow used $145.2M and free cash flow was negative $224.1M, driven by advanced inventory purchases. The company increased FY2026 sales guidance to $67.5B–$68.5B and maintained Adjusted EBITDA guidance of $1.9B–$2.0B. Share repurchase capacity of $500M remains available.
Performance Food Group (NYSE:PFGC) will host a live audio webcast at 9:00 a.m. ET on Wednesday, November 5, 2025 to discuss first-quarter fiscal 2026 results.
The company will issue a news release with results at approximately 7:00 a.m. ET the same day. Presenters include George Holm (Chairman & CEO), Patrick Hatcher (EVP & CFO) and Scott McPherson (President & COO). The webcast is listen-only and requires pre-event registration at investors.pfgc.com. An archived copy will be available later that day.
Performance Food Group (NYSE:PFGC) has appointed Scott Ferguson, Founder and Managing Partner of Sachem Head Capital Management LP, to its Board of Directors, effective immediately. The appointment comes as part of a cooperation agreement with Sachem Head and expands the board to 13 directors, with 12 being independent.
Ferguson will join the Audit and Finance Committee, bringing investor perspective and food distribution industry experience. The agreement includes customary standstill, voting, and confidentiality commitments from Sachem Head. The company has engaged BofA Securities and JP Morgan as financial advisors for potential strategic evaluation, including paths forward with US Foods.
Performance Food Group (NYSE: PFGC) has entered into a clean team agreement with US Foods (NYSE: USFD) to facilitate information sharing for evaluating a potential business combination. The agreement enables both companies to assess regulatory considerations and potential synergies through a team of independent lawyers, economists, and consultants.
Prior to this agreement, PFG's Board and management engaged with major stockholders and US Foods to explore an effective approach to evaluating the potential merger. JP Morgan and BofA Securities are serving as financial advisors, while Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to PFG.