📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in North America. It operates through three segments: Foodservice, Convenience, and Specialty. The company offers beef, pork, poultry, seafood, frozen food, refrigerated products, and dry groceries to disposables, cleaning and kitchen supplies, and related products, as well as value-added services, such as product selection and procurement, menu development, and operational strategies to independent restaurants, chain restaurants, and other institutional food-away-from-home locations. It also provides wholesale consumer products, including cigarettes and alternative nicotine products, candy, snacks, fresh products, groceries, dairy, bread, beverages, general merchandise, and health and beauty care products to traditional convenience stores, drug stores, mass merchants, grocery stores, liquor stores, and other specialty and small format stores. In addition, the company distributes candy, snacks, beverages, fresh and frozen perishable food, and other non-food items. Performance Food Group Company was founded in 1885 and is headquartered in Richmond, Virginia.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding PFGC

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	2.29M	$196.5M	0.25%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q4 2025

Confident Specific

Management uses definitive language like 'excellent results', 'strong momentum', and provides specific numbers such as 5.9% organic independent case growth in Q4 and 8.8% salesforce increase. They also assert that PFG is 'executing at a high level' and 'winning market share at a consistent clip', reinforcing a confident, data-backed tone.

Q1 2026

Confident Specific

Management repeatedly uses phrases like 'great start', 'excellent results', 'high degree of confidence', and provides specific numbers (6.3% organic independent case growth, 18.1% Foodservice EBITDA growth). They explicitly raise sales guidance and reiterate EBITDA targets, indicating strong conviction.

Q2 2026

Confident Specific

Management consistently uses language like 'solid revenue and profit performance within guidance range' and 'we are very pleased with our progress', yet also openly acknowledges headwinds such as 'difficult macro environment', 'Cheney investments running a little higher than anticipated', and 'deflation in cheese and poultry'. The tone is assured but pragmatic, with specific numbers and guidance ranges provided.

Q3 2026 latest

Confident Specific

Management uses emphatic language like 'excited to share', 'strength of our strategy', 'solid execution', and 'building momentum'. They provide specific metrics such as 6.5% independent case growth and 8.3% convenience case growth. The tone is upbeat and data-rich.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. PFG demonstrated ability to deliver top-end guidance despite a challenging macro environment, with particularly strong execution in independent restaurants and convenience. The diversification strategy is proving effective, and management expressed confidence in an acceleration in FY2027. However, near-term headwinds from Cheney transition costs and fuel surcharge timing create some uncertainty for Q4. The independent case growth momentum and chain pipeline are positive signals. Key items to watch next quarter: the evolution of Cheney expenses, fuel cost recovery, and any further chain account wins. The overall outlook remains constructive.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED PFGC Q3 2026: adj. EBITDA $410.6M (+6.6%), net sales +6.4%

Revenue & Profitability

Q3 2026 net income was $41.7 million, a 28.5% decline year-over-year, while adjusted EBITDA rose 6.6% to $410.6 million. GAAP diluted EPS was $0.27; adjusted diluted EPS was $0.80, up 1.3%. Total cost inflation was approximately 4.5% for the quarter. Full-year adjusted EBITDA guidance was tightened to $1.9 billion-$1.93 billion, with sales guidance at $67.7 billion-$68 billion.

Outlook

Management expects momentum to continue through Q4 and accelerate in fiscal 2027, despite industry headwinds including soft restaurant foot traffic, price inflation, weather events, and political disruption. The company sees low single-digit foot traffic declines per Black Box but remains confident in its ability to gain share, particularly with independents.

Growth Drivers

Key growth levers include independent organic case growth of 6.5% (exceeding the 6% benchmark), a robust chain pipeline expected to lift foodservice volume in fiscal 2027, and convenience segment organic case growth of 8.3% driven by new business with Love's and RaceTrac. Specialty is expanding into e-commerce fulfillment and emerging channels like specialty grocery and campus retail.

Balance Sheet & CapEx

In the first nine months of fiscal 2026, PFG invested approximately $266 million in capital expenditures, with full-year CapEx expected to be below the long-term target of 70 basis points of net revenue. The new Florence, South Carolina Broadline distribution facility for Cheney Brothers began shipping, creating capacity for growth. Technology investments include AI agents within the CustomerFirst platform.

Margins

Gross profit per case improved by $0.20 year-over-year in Q3, driven by strong mix and procurement initiatives. The convenience segment posted adjusted EBITDA growth of 34.1%, while specialty segment EBITDA was negative due to elevated shipping and fuel costs and difficult margin comparisons. Cheney's new facility caused higher expenses in Q2 and Q3, with some carryover into Q4.

Key Risks

Risks flagged include elevated fuel costs (a $7.3 million gross impact in late Q3), higher Cheney expenses from the Florence facility transition, macro headwinds from foot traffic declines and weather events, and potential disruptions from political factors. GLP-1 medications may temporarily reduce consumption, though restaurants are adapting with menu changes.

Generated by AI · Q3 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q4 2026 Q4 2026 2026-08-12

Fiscal 2026 ended with strong revenue, profit, and market share gains across all segments, driven by investments in sales, technology, and branded products. Fiscal 2027 guidance calls for 7.2% sales growth and 12.7% adjusted EBITDA growth, with procurement synergies and operational efficiencies expected to accelerate results.

Q3 2026 Q3 2026 2026-05-06

Q3 results exceeded expectations with 6.4% sales growth and strong performance across all segments, despite macro headwinds. Guidance for fiscal 2026 was tightened, and investments in infrastructure and technology are expected to drive further growth in 2027.

Q2 2026 Q2 2026 2026-02-04

Q2 saw 5.2% sales growth and 45.5% net income increase, with all segments contributing despite macro headwinds. Guidance for FY2026 was updated to $67.25–$68.25B in sales and $1.875–$1.975B in adjusted EBITDA, factoring in commodity deflation, Cheney integration costs, and weather impacts.

Q1 2026 Q1 2026 2025-11-05

Q1 2026 saw double-digit sales and margin growth, with all segments contributing to strong results. Guidance for full-year sales was raised, while Adjusted EBITDA targets were reiterated. Ongoing investments, new account wins, and robust M&A pipeline support a positive outlook.

Q4 2025 Q4 2025 2025-08-13

Fiscal 2025 closed with double-digit sales and profit growth, driven by strong execution across all segments and strategic acquisitions. Fiscal 2026 guidance projects continued top- and bottom-line expansion, supported by robust hiring, new business wins, and disciplined capital allocation.

📊 Analysis Methodology

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