Performance Food Group Company (PFG) reported a net sales increase of 7.2% for the fiscal year ending June 27, 2026, reaching $67.8 billion, compared to $63.3 billion in the previous year. The company's gross profit also rose by 9.1% to $8.1 billion, driven by a 5.1% increase in total case volume and a 4.5% inflation in product costs. However, net income saw a modest increase of 5.6%, totaling $359.3 million, attributed to higher operating expenses and interest costs, which rose to $413.7 million from $358.4 million in the prior year.
The company experienced significant operational changes, including the acquisition of Cheney Brothers, which contributed $3.7 billion in net sales for fiscal 2026. This acquisition, along with organic growth in independent customer sales, particularly in the Foodservice segment, was a key driver of the overall revenue increase. The Foodservice segment alone reported an 8.7% sales growth, while the Convenience and Specialty segments grew by 5.9% and 3.1%, respectively.
PFG's workforce expanded to over 44,000 employees, with approximately 99% employed full-time. The company operates 154 distribution centers across North America, enhancing its geographic reach and operational efficiency. The company also reported a 5.1% increase in case volume, with a notable 10.2% growth in independent case sales, which typically yield higher gross profits due to the additional services provided to these customers.
Looking ahead, PFG anticipates continued growth driven by strategic acquisitions and an emphasis on expanding its Performance Brands. However, the company remains cautious about potential economic challenges, including inflationary pressures and geopolitical uncertainties that could impact consumer spending. The management's outlook suggests a focus on leveraging its scale and operational efficiencies to navigate these challenges while pursuing further market share in the food distribution industry.
About Performance Food Group Co
Performance Food Group Company is a leading foodservice distributor providing over 250,000 food and related products to diverse customers across North America. Its core segments—Foodservice, Convenience, and Specialty—serve restaurants, retailers, and institutional clients. The company leverages economies of scale, supply chain efficiencies, and value-added services to deliver competitive pricing, broad product offerings, and industry expertise in a low-margin, highly competitive industry.
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