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Performance Food Group Reports Strong Sales and Profit Growth Despite Decline in Net Income
One of the largest distributors in foodservice, Performance Food Group, has announced results from its fourth quarter and fiscal year.
Quarterly Highlights
The company saw case volume increase by 11.9%. Independent Foodservice case volume rose 20.4%, while Organic Independent Foodservice case volume increased 5.9%.
Net sales were $16.9 billion, rising 11.5% for the period. Gross profit for the quarter grew 14.6% to $2 billion. This growth in sales and profit can be attributed to recent acquisitions, including that...
US Foods Achieves Solid Q1 Results with Gains Across Key Segments
US Foods has released its financial results for the first quarter of fiscal year 2025, highlighting strong performance driven by a focused strategy and the company's ability to manage controllable factors while adapting to broader macroeconomic conditions.
“During the first quarter we outperformed the industry and again delivered strong profitability, with Adjusted EBITDA growing 9% and Adjusted Diluted EPS increasing 26%, despite the challenging operating environment and weather-related headwinds. Our results speak to the strength of our customer value proposition and relentless execution of our strategy,”...
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