Performance Food Group Co
Performance Food Group is a U.S.-based foodservice distribution company that markets and distributes food and food-related products across North America through a network of distribution centers. Its business spans broadline foodservice, convenience-store distribution, and specialty channels serving restaurants, institutions, and other food-away-from-home customers.
Fiscal year 2026 · change from previous year
Development 2021–2026
Business
Share of revenueBroadline food, ingredients, and food-related products for restaurants and institutions.
Candy, snacks, beverages, tobacco, and related items for convenience stores.
Products and delivery services for vending, office coffee, theater, and retail channels.
Performance Brands and support services that help customers with menus and procurement.
Products
Reported · share of revenue- Cigarettes22.1 %
- Center of the Plate22.0 %
- Canned and Dry Groceries10.0 %
- Frozen Foods9.5 %
- Candy Snack Theater and Concession8.5 %
- Other27.9 %
Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Performance Food Group sells to a wide mix of food-away-from-home customers, including independent restaurants, chain restaurants, schools, hospitals, business and industry locations, retailers, convenience stores, and theaters. The company also serves vending distributors and office coffee service distributors, using its distribution network and product assortment to support recurring replenishment needs.
Buy broadline food, custom-cut proteins, and Performance Brands to support menus and operations.
Buy multi-location foodservice supply with short-haul or long-haul delivery needs.
Schools, hospitals, and business-and-industry sites buy recurring meal and pantry supply.
Buy candy, snacks, beverages, tobacco, and related convenience items for resale.
Vending, office coffee, theater, and retail customers buy smaller-format specialty assortments.
Strategy
The company’s strategy centers on growing independent restaurant sales, expanding Performance Brands, and winning new customers across all three reportable segments. It also emphasizes geographic expansion, operating efficiency from its infrastructure, and selective acquisitions to broaden scale and market reach.
Independent restaurants use more value-added services and proprietary products.
Own-branded products can strengthen customer loyalty and differentiation.
Cross-selling across foodservice, convenience, and specialty improves scale.
Denser routes and local coverage improve service and delivery economics.
Geography
Performance Food Group operates across North America, with distribution centers positioned to serve local and regional customer routes. The company’s Foodservice network includes 89 distribution centers, and the Cheney Brothers acquisition expanded its foodservice footprint in the Southeastern United States.
Risks
Performance Food Group is exposed to food safety, reputation, and product recall risks because it distributes products under its own brands and serves end markets where trust is critical. It also depends heavily on technology, logistics, and acquisitions, so cybersecurity, systems disruption, integration execution, and labor or fuel cost pressures can affect service reliability and operating performance.
- Food safety and product reputationImpact: HighLikelihood: Medium
A contamination event or adverse publicity can reduce customer confidence and sales.
Exposure: Performance Brands and foodservice customers
- Cybersecurity and technology disruptionImpact: HighLikelihood: Medium
The business relies on IT systems for ordering, warehouse management, and routing.
Exposure - Fuel, labor, and supply chain cost pressureImpact: MediumLikelihood: High
Distribution economics depend on transportation, warehouse labor, and supplier availability.
Exposure - Acquisition integration riskImpact: MediumLikelihood: Medium
New acquisitions may have less mature systems and require operational integration.
Exposure: Purchased businesses and network integration
- Macroeconomic and demand sensitivityImpact: MediumLikelihood: Medium
Restaurant and food-away-from-home spending can weaken with inflation or lower confidence.
Exposure: Independent and chain restaurant volumes
Accounting
Judgemental itemsLarge inventories make lower-of-cost and obsolescence estimates important.
Impact: Affects cost of goods sold and gross profit
These arrangements influence net sales and product economics.
Impact: Affects revenue presentation and margin analysis
The company extends credit to a broad customer base across channels.
Impact: Affects receivables and bad debt expense
Distribution centers and related facilities create material lease commitments.
Impact: Affects right-of-use assets, liabilities, and operating costs
Acquisitions can create significant goodwill and customer relationships.
Impact: Affects amortization and impairment risk
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Last updated: 24/09/2026