Performance Food Group Company Climbs to No. 91 in 2023 Fortune 500 Rankings

Rhea-AI Summary

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.

Positive

• PFG's climb to the top 100 on the Fortune 500 list demonstrates the success of its business plan to grow organically and through strategic acquisitions.
• The company's sustainable sales and profit growth through expansion and acquisitions have led to its steady rise on the Fortune 500 list.

Negative

• None.

RICHMOND, Va.--(BUSINESS WIRE)-- Performance Food Group Company (PFG) (NYSE: PFGC) has climbed to No. 91 on the 2023 Fortune 500 list, which ranks the top publicly traded companies by annual revenue. The company is now within the top 100 companies on the Fortune 500 list for the first time in its history. With the new ranking, PFG remains the highest-ranked company by revenue headquartered in the Richmond, Va. area and the fourth largest in the state of Virginia.

“Becoming part of the top 100 companies on the 2023 Fortune 500 list is a true testament that our business plan to grow organically and through strategic acquisitions is working,” said George Holm, PFG’s chairman & chief executive officer. “We’ve been on a remarkable journey the last few years that has been made possible thanks to the commitment of our associates, and the strong partnerships we have with customers, suppliers, and the many communities that play such an important role in PFG’s success.”

Since the company’s IPO in 2015, PFG has focused on sustainable sales and profit growth through expansion, strategic mergers and acquisitions across North America. This progress has been rewarded by a steady move higher on the Fortune 500 list—from No. 185 in 2016 up to its current position at No. 91.

About Performance Food Group Company

Performance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more than 150 locations. Founded and headquartered in Richmond, Virginia, PFG, and our family of companies, market and deliver quality 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. PFG’s success as a Fortune 100 company is achieved through our more than 35,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, visit www.pfgc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230607005649/en/

Investors:

Bill Marshall

VP, Investor Relations

804-287-8108

Bill.Marshall@pfgc.com

Media:

Scott Golden

Director, Communications & Engagement

804-484-7873

Scott.Golden@pfgc.com

Source: Performance Food Group Company (PFG)

FAQ

What is Performance Food Group Company's ranking on the 2023 Fortune 500 list?

Performance Food Group Company (PFG) is ranked No. 91 on the 2023 Fortune 500 list.

Where is Performance Food Group Company headquartered?

Performance Food Group Company is headquartered in Richmond, Va.

What is PFG's position among the largest companies in Virginia?

PFG is the fourth largest company in the state of Virginia.

How has PFG achieved its growth on the Fortune 500 list?

PFG has focused on sustainable sales and profit growth through expansion, strategic mergers, and acquisitions across North America.