Performance Food Group Co (PFGC)

Performance Food Group Company, through its subsidiaries, markets and distributes more than 300,000 food and food-related products across North America. It ships from over 150 distribution centers to over 350,000 customer locations in the food-away-from-home industry. The company sources products from various suppliers and acts as a partner to them by giving them access to its broad customer base. It also offers value-added services in product selection and procurement, menu development, and operational strategy. No customer accounted for more than 10% of consolidated net sales in fiscal 2026, 2025, or 2024.

The company has three reportable segments: Foodservice, Convenience, and Specialty. Corporate & All Other covers unallocated corporate overhead and smaller operations. Foodservice offers a broadline assortment, including custom-cut meat and seafood, center-of-the-plate items, frozen and refrigerated foods, dry groceries, disposables, and cleaning and kitchen supplies. It runs 90 distribution centers, each managed by a local business team. Its products include the proprietary Performance Brands, which carry higher margins, as well as national brands and customer-branded products. Convenience is one of the largest wholesale consumer products and foodservice distributors in convenience retail. It carries cigarettes and alternative nicotine products, candy, snacks, fresh food, groceries, dairy, bread, beverages, general merchandise, and health and beauty products. It operates 38 distribution centers (34 in the U.S. and four in Canada) and six redistribution centers, and also runs two facilities as a third-party logistics provider. Specialty is a national distributor of candy, snacks, beverages, fresh and frozen perishable foods, and non-food items through 26 distribution centers. It also offers small-parcel "pick and pack" fulfillment using third-party carriers.

Customers include independent and chain restaurants, schools, healthcare facilities, and business and industry locations. They also include vending and office coffee service distributors, retailers, convenience stores, drug stores, mass merchants, grocery and liquor stores, entertainment venues, and theaters. Foodservice focuses on increasing sales to independent restaurants, which use more value-added services and Performance Brands. Chain customers are multi-unit restaurants with five or more locations and typically generate lower margins but larger deliveries. The company operates in the United States and Canada. Its industry is historically seasonal, with lower profit in the first quarter of each calendar year.

Suppliers are mainly large corporations selling national brands and Performance Brands, plus smaller regional suppliers, especially in produce and other perishables. Pricing is set by contract, as a percentage markup or fixed markup per unit, or at the time of order. The company generally does not hedge commodity costs. It manages diesel fuel costs through route efficiency, customer surcharges, and collars or swaps. The industry is highly competitive, with national, regional, local, and specialty distributors, some with greater resources, and customers often lack exclusive agreements. The company cites purchasing scale, supply chain efficiency, and its Performance Brands as advantages. Key trademarks include Performance Food Group, Performance Foodservice, Core-Mark, and Vistar. As of June 27, 2026, it had over 44,000 associates, about 2,800 of them in local unions.