Performance Food Group Co

PFGC

Equity

ISIN US71377A1034 / Valor 25438972

New York Stock Exchange, Inc (2024-11-21)

USD 86.40+2.84%

Performance Food Group Co
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About company

Performance Food Group Co (PFG) is a prominent player in the food distribution industry, providing a wide range of food products, ingredients, and related services to a diverse clientele that includes restaurants, cafeterias, schools, and healthcare facilities, among others. While the company operates through various segments, Vistar, a division of PFG, specifically focuses on the distribution of candy, snacks, and beverages, catering primarily to vending, office coffee service, theater, and hospitality industries. PFG distinguishes itself in the market through its commitment to quality, service, and reliability, aiming to meet the evolving needs of its customers. The company's efforts to implement sustainable practices, particularly within its Vistar division, highlight its dedication to reducing energy usage and waste, reflecting a broader commitment to environmental stewardship across its operations. This approach not only addresses the growing consumer demand for sustainable business practices but also positions PFG as a forward-thinking leader in the food distribution sector.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Performance Food Group Co. reported a 2.2% increase in net sales for the fourth quarter of fiscal 2024, reaching $15.2 billion. This growth was primarily driven by case volume growth in the independent Foodservice business and recent acquisitions, despite some declines in the Convenience and Vistar business segments.

Net Income Increase

For the fourth quarter of fiscal 2024, Performance Food Group Co. saw a 10.9% increase in net income, totaling $166.5 million. This rise was largely due to a $19.6 million increase in operating profit, partially offset by higher income tax expenses.

Adjusted EBITDA

Performance Food Group Co. reported an 18.4% increase in Adjusted EBITDA for the fourth quarter of fiscal 2024, reaching $456.2 million. This significant growth reflects the company's strong operational performance and strategic acquisitions.

Full-Year Financials

For the full fiscal year 2024, Performance Food Group Co. achieved a 1.8% increase in net sales, totaling $58.3 billion. The company's net income for the year rose by 9.7% to $435.9 million, while Adjusted EBITDA increased by 10.5% to $1.5 billion.

Cash Flow and Capital Expenditures

In fiscal 2024, Performance Food Group Co. generated $1.2 billion in cash flow from operating activities, a significant increase from the previous year's $832.1 million. The company also invested $395.6 million in capital expenditures, up $125.9 million from the prior year, and delivered free cash flow of $767.4 million.

Summarized from source with an LLMView Source

Key figures

39.6%1Y

96.8%3Y

93.7%5Y

Performance

24.1%1Y

33.4%3Y

59.3%5Y

Volatility