Latest news with #PatrickHatcher
Yahoo
30-07-2025
- Business
- Yahoo
Performance Food Group Company to Host Webcast of Fourth-Quarter Fiscal 2025 Results
RICHMOND, Va., July 30, 2025--(BUSINESS WIRE)--Performance Food Group Company (PFG) (NYSE:PFGC) will host a live audio webcast at 9 a.m. ET Wednesday, August 13, 2025, to discuss fourth-quarter fiscal 2025 financial results. PFG will issue a news release with those results at approximately 7 a.m. ET that same day. George Holm, PFG Chairman & Chief Executive Officer, Patrick Hatcher, Executive Vice President & Chief Financial Officer, and Scott McPherson, President & Chief Operating Officer will discuss the company's fourth-quarter fiscal 2025 results and answer questions from the investment community and news media. The webcast will be available in listen-only mode at Pre-event registration is necessary. An archived copy of the webcast will be available later that same day. 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 over 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 approximately 43,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, visit View source version on Contacts Investors: Bill MarshallSr. Vice President, Investor Relations(804) Media: Scott GoldenDirector, Communications & Engagement(804) 484-7999mediarelations@
Business Wire
30-07-2025
- Business
- Business Wire
Performance Food Group Company to Host Webcast of Fourth-Quarter Fiscal 2025 Results
RICHMOND, Va.--(BUSINESS WIRE)-- Performance Food Group Company (PFG) (NYSE:PFGC) will host a live audio webcast at 9 a.m. ET Wednesday, August 13, 2025, to discuss fourth-quarter fiscal 2025 financial results. PFG will issue a news release with those results at approximately 7 a.m. ET that same day. George Holm, PFG Chairman & Chief Executive Officer, Patrick Hatcher, Executive Vice President & Chief Financial Officer, and Scott McPherson, President & Chief Operating Officer will discuss the company's fourth-quarter fiscal 2025 results and answer questions from the investment community and news media. The webcast will be available in listen-only mode at Pre-event registration is necessary. An archived copy of the webcast will be available later that same day. 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 over 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 approximately 43,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, visit
Yahoo
23-04-2025
- Business
- Yahoo
Performance Food Group Company to Host Webcast of Third-Quarter Fiscal 2025 Results & Investor Day 2025
RICHMOND, Va., April 23, 2025--(BUSINESS WIRE)--Performance Food Group Company (PFG) (NYSE:PFGC) will host a live audio webcast at 9 a.m. ET Wednesday, May 7, 2025, to discuss third-quarter fiscal 2025 financial results. PFG will issue a news release with those results at approximately 7 a.m. ET that same day. George Holm, PFG Chairman & Chief Executive Officer, Patrick Hatcher, Executive Vice President & Chief Financial Officer, and Scott McPherson, President & Chief Operating Officer will discuss the company's third-quarter fiscal 2025 results and answer questions from the investment community and news media. The webcast will be available in listen-only mode at Pre-event registration is necessary. An archived copy of the webcast will be available later that same day. PFG will also host a live webcast of its 2025 Investor Day on Wednesday, May 28, 2025 beginning at approximately 9 a.m. ET with members of the leadership team presenting to the investment community. The webcast will be available in listen-only mode at Pre-event registration is necessary and an archived copy of the webcast will be available. 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 over 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 40,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, including how you can join our team, visit View source version on Contacts Investors: Bill MarshallSr. Vice President, Investor Relations(804) Media: Scott GoldenDirector, Communications & Engagement(804) 484-7999mediarelations@ Sign in to access your portfolio
Business Wire
23-04-2025
- Business
- Business Wire
Performance Food Group Company to Host Webcast of Third-Quarter Fiscal 2025 Results & Investor Day 2025
RICHMOND, Va.--(BUSINESS WIRE)-- Performance Food Group Company (PFG) (NYSE:PFGC) will host a live audio webcast at 9 a.m. ET Wednesday, May 7, 2025, to discuss third-quarter fiscal 2025 financial results. PFG will issue a news release with those results at approximately 7 a.m. ET that same day. George Holm, PFG Chairman & Chief Executive Officer, Patrick Hatcher, Executive Vice President & Chief Financial Officer, and Scott McPherson, President & Chief Operating Officer will discuss the company's third-quarter fiscal 2025 results and answer questions from the investment community and news media. The webcast will be available in listen-only mode at Pre-event registration is necessary. An archived copy of the webcast will be available later that same day. PFG will also host a live webcast of its 2025 Investor Day on Wednesday, May 28, 2025 beginning at approximately 9 a.m. ET with members of the leadership team presenting to the investment community. The webcast will be available in listen-only mode at Pre-event registration is necessary and an archived copy of the webcast will be available. 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 over 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 40,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, including how you can join our team, visit
Yahoo
06-02-2025
- Business
- Yahoo
Performance Food Group Co (PFGC) Q2 2025 Earnings Call Highlights: Strong Sales Growth and ...
Total Net Sales Growth: 9.4% increase in the fiscal second quarter. Organic Independent Restaurant Case Volume Growth: 5% in the quarter. Adjusted EBITDA Growth: 22.5% increase to $423 million. Net Income: $42.4 million for the fiscal second quarter. Diluted Earnings Per Share: $0.27; Adjusted diluted EPS: $0.98, an 8.9% improvement year-over-year. Operating Cash Flow: $379 million in the first six months of fiscal 2025. Free Cash Flow: Approximately $175 million after $204 million in capital expenditures. Foodservice Segment Adjusted EBITDA Growth: 29.4% in the quarter. Convenience Segment Adjusted EBITDA Growth: 28.5% in the quarter. Vistar Segment Case Growth: Low single-digit increases in key channels. Fiscal Year 2025 Net Sales Guidance: $63 billion to $64 billion. Fiscal Year 2025 Adjusted EBITDA Guidance: $1.725 billion to $1.8 billion. Warning! GuruFocus has detected 7 Warning Signs with PFGC. Release Date: February 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Performance Food Group Co (NYSE:PFGC) reported a 9.4% increase in total net sales for the fiscal second quarter, driven by both organic growth and contributions from recent acquisitions. The company achieved a 5% organic independent restaurant case volume growth, indicating strong performance in its core segment. PFGC's Convenience segment showed resilience with positive total volume growth, outpacing the industry in key product categories despite challenges. The integration of recent acquisitions, Cheney Brothers and Jose Santiago, is progressing well, contributing positively to both top and bottom lines. PFGC's adjusted EBITDA increased by 22.5% to $423 million, surpassing the upper end of their guidance range, showcasing strong operational execution. The Vistar segment faced challenges with lower foot traffic and customer-specific issues, impacting its performance despite some positive case growth. PFGC's leverage increased due to the Cheney Brothers acquisition, pushing it above the target range, necessitating a focus on debt reduction. The company anticipates continued challenges in the Vistar segment for the rest of the fiscal year, despite easier comparisons. PFGC's Convenience segment is still facing significant inflationary pressures, particularly in candy and snacks, affecting overall performance. The company noted that achieving the 6% independent case growth target for the fiscal year would require some improvement in the macroeconomic environment. Q: Can you elaborate on which segments are contributing to the higher sales outlook and any signs of stabilization in challenged accounts? A: Scott McPherson, Executive Vice President, Chief Field Operations Officer, noted that independent growth trends are strong, with a 7% increase in headcount and 5% in new accounts. The chain accounts are also rebounding. On the Convenience side, they continue to outperform the macro environment. Patrick Hatcher, CFO, added that Vistar will face challenges but expects growth in several channels. Q: Could you provide more details on cost of goods optimization and procurement efficiencies? A: Scott McPherson explained that while cost optimization has always been a focus, recent efforts have been more collaborative across segments, helping to drive sales growth and optimize costs. Q: What is the underlying momentum in the Foodservice business, and how confident are you in achieving 6% independent organic growth for the year? A: George Holm, CEO, acknowledged that achieving 6% growth will require a 7-8% increase in the back half of the year. He expressed confidence based on internal metrics and market information, although some help from the industry is needed. The company is seeing better SKU penetration and expects improvement in the macro backdrop. Q: Can you discuss the impact of inventory holding gains in the second quarter and expectations for the rest of the year? A: Patrick Hatcher stated that there were some inventory holding gains in Q2, but they were managed and not outsized. For the back half of the year, minimal holding gains are expected, with overall gains being relatively immaterial. Q: How are you approaching new restaurant formation and customer acquisitions given the current environment? A: George Holm noted that new restaurant formation continues, with many independent restaurants opening. The company is also seeing growth in certain chains. Despite higher build costs and traffic challenges, the outlook for new customer acquisitions remains positive. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
