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Performance Food Group Company - PFGC STOCK NEWS

Welcome to our dedicated page for Performance Food Group Company news (Ticker: PFGC), a resource for investors and traders seeking the latest updates and insights on Performance Food Group Company stock.

Performance Food Group Company (PFGC) is a leading foodservice distributor in the United States with over 150,000 customer locations and approximately 150,000 food and related products. Operating through its three main divisions—Performance Foodservice, Vistar, and PFG Customized—the company has a broad customer base that includes independent and chain restaurants, schools, hospitals, vending distributors, and big box retailers. PFG's extensive reach is supported by 68 distribution centers and more than 12,000 associates nationwide.

Founded in Richmond, Virginia, PFG is recognized as the third-largest U.S. food-service distributor, holding a 9% market share. The company's food-service business, which accounts for 52% of its 2022 sales, provides customized food products and services to a wide range of customers. PFG has also expanded into the convenience store segment, contributing 41% to its sales, through strategic acquisitions such as Eby-Brown in 2019 and Core-Mark in 2021. The Vistar division, making up 7% of sales, distributes snacks, candy, and beverages to vending and office coffee service distributors, theaters, and hospitality providers.

Recent achievements underscore PFG's commitment to sustainability and innovation. In January 2024, the company partnered with Hyzon Motors to introduce hydrogen fuel cell electric vehicles (FCEVs) into its fleet, marking a significant step toward achieving decarbonization goals. These zero-emission trucks, delivered to PFG's Vistar facility in Fontana, California, will help reduce carbon emissions and noise pollution, benefiting the environment and local communities.

Furthermore, in April 2024, PFG announced a partnership with Neogen Corporation to enhance its PathProven food trace technology. This collaboration utilizes Neogen's DNA testing capabilities to trace food products back to their origins, ensuring quality and transparency. PFG's flagship Braveheart Black Angus Beef program exemplifies this commitment, using DNA testing to verify Angus genetics and set a high standard for beef programs.

Financially, PFG has demonstrated robust performance as a Fortune 100 company, driven by its dedicated workforce of over 35,000 associates. The company's strategic partnerships and innovative solutions continue to position it as a trusted partner in the foodservice industry.

Rhea-AI Summary
Performance Food Group Company's Convenience division, Core-Mark, has announced the rollout of its newly launched Mighty Marked branded snack and candy tubs. The tubs are available in 17 different flavors and offer value for retailers with cost-effective pricing. The Mighty Marked retail rack is designed with a slim profile and smooth-rolling caster wheels for easy positioning in limited space. The consistent branding and eye-catching packaging design aim to drive impulse sales. Core-Mark is offering retailers a free small-format rack for a limited time to stock the entire 17 SKU program.
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Performance Food Group Company (PFG) will host a live audio webcast to discuss first-quarter fiscal 2024 financial results. George Holm, PFG Chairman & Chief Executive Officer, and Patrick Hatcher, Executive Vice President & Chief Financial Officer, will answer questions from the investment community and news media.
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Vistar announces winners of its 2023 Supplier Awards, recognizing supplier partners for their contributions to the company's success and growth.
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Successful completion of Hyzon's first commercial run with a liquid hydrogen fuel cell electric vehicle (LH2 FCEV) demonstrates the viability of on-board liquid hydrogen to fuel long-distance, zero-emission transport. Liquid hydrogen allows Hyzon to increase the amount of fuel on board significantly. Liquid hydrogen as a fuel source has been estimated to be up to $5 per kilogram less expensive all-in to dispense than high-pressure gaseous hydrogen, providing meaningful benefits to fleet owners. Hyzon sees liquid hydrogen as the economical approach to long-range zero-emission trucking.
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Performance Food Group Company (PFGC) announced its fourth-quarter and full-year fiscal 2023 business results. Total case volume grew 2% in Q4, with net sales increasing 2% to $14.9 billion. Gross profit improved 12% to $1.7 billion, and net income increased to $150.1 million. For the full fiscal year, total case volume grew 6%, net sales increased 13% to $57.3 billion, and gross profit improved 19% to $6.3 billion.
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Performance Food Group Company (PFG) (NYSE:PFGC) to host live webcast to discuss fourth-quarter fiscal 2023 financial results. George Holm, PFG Chairman & CEO, and Patrick Hatcher, CFO, will lead the discussion. Pre-event registration required.
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Performance Food Group Company (PFG) has climbed to No. 91 on the 2023 Fortune 500 list, marking its first time in the top 100. PFG is the highest-ranked company by revenue in Richmond, Va. and the fourth largest in Virginia.
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FAQ

What is the current stock price of Performance Food Group Company (PFGC)?

The current stock price of Performance Food Group Company (PFGC) is $84.39 as of December 20, 2024.

What is the market cap of Performance Food Group Company (PFGC)?

The market cap of Performance Food Group Company (PFGC) is approximately 13.1B.

What does Performance Food Group Company do?

Performance Food Group Company (PFGC) markets and distributes approximately 150,000 food and related products to over 150,000 customer locations across the U.S.

Who are PFGC's main customers?

PFGC serves a diverse customer base including independent and chain restaurants, schools, hospitals, vending distributors, big box retailers, and theaters.

How many distribution centers does PFGC have?

PFGC operates 68 distribution centers across the United States.

What are the main divisions of Performance Food Group Company?

The main divisions are Performance Foodservice, Vistar, and PFG Customized.

What recent partnerships has PFGC announced?

PFGC recently partnered with Hyzon Motors to introduce hydrogen fuel cell electric vehicles and with Neogen Corporation to enhance its PathProven food trace technology.

What percentage of PFGC's sales come from the food-service business?

The food-service business accounts for 52% of PFGC's 2022 sales.

How has PFGC expanded into the convenience store segment?

PFGC expanded into the convenience store segment through the acquisitions of Eby-Brown in 2019 and Core-Mark in 2021.

What initiatives is PFGC pursuing for sustainability?

PFGC is introducing hydrogen fuel cell electric vehicles into its fleet to reduce carbon emissions and noise pollution.

How does PFGC ensure the quality of its beef products?

PFGC uses DNA testing through its PathProven program to verify Angus genetics in its Braveheart Black Angus Beef program.

What is the market share of Performance Food Group Company in the U.S. food-service distribution market?

PFGC holds a 9% market share, making it the third-largest U.S. food-service distributor.

Performance Food Group Company

NYSE:PFGC

PFGC Rankings

PFGC Stock Data

13.13B
151.65M
2.04%
98.32%
1.55%
Food Distribution
Wholesale-groceries, General Line
Link
United States of America
RICHMOND