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.

2,5 %

11,9 %

0,5 %

+7,2 %

1.51

0.67

— Performance Food Group Co
%
Foodservice distribution55% Broadline food, ingredients, and food-related products for restaurants and institutions.
Convenience distribution25% Candy, snacks, beverages, tobacco, and related items for convenience stores.
Specialty distribution15% Products and delivery services for vending, office coffee, theater, and retail channels.
Value-added and proprietary products5% Performance Brands and support services that help customers with menus and procurement.

Performance Food Group sells to a wide mix of food-away-from-home customers, including independent restaurants, chain...

  • Independent restaurantsprimary

    Buy broadline food, custom-cut proteins, and Performance Brands to support menus and operations.

  • Chain restaurantsprimary

    Buy multi-location foodservice supply with short-haul or long-haul delivery needs.

  • Institutional foodservicesecondary

    Schools, hospitals, and business-and-industry sites buy recurring meal and pantry supply.

  • Convenience storesprimary

    Buy candy, snacks, beverages, tobacco, and related convenience items for resale.

  • Specialty channelssecondary

    Vending, office coffee, theater, and retail customers buy smaller-format specialty assortments.

Performance Food Group operates across North America, with distribution centers positioned to serve local and regional...

  • •Operations span North America across foodservice, convenience, and specialty channels
  • •Foodservice uses 89 distribution centers for local market coverage
  • •Convenience distribution serves convenience stores across North America
  • •Specialty distribution is national and uses third-party carriers for small orders
  • •Southeastern U.S. foodservice presence expanded with Cheney Brothers
  • •Geographic density matters because delivery economics depend on route efficiency

The company’s strategy centers on growing independent restaurant sales, expanding Performance Brands, and winning new...

01
Increase independent customer mixmedium-term

Independent restaurants use more value-added services and proprietary products.

02
Expand proprietary brandsmedium-term

Own-branded products can strengthen customer loyalty and differentiation.

03
Broaden customer base across segmentsshort-term

Cross-selling across foodservice, convenience, and specialty improves scale.

04
Expand geography and network densitymedium-term

Denser routes and local coverage improve service and delivery economics.

Performance Food Group is exposed to food safety, reputation, and product recall risks because it distributes products...

high

Food safety and product reputation

A contamination event or adverse publicity can reduce customer confidence and sales.

Scope
Performance Brands and foodservice customers
Materiality
high
high

Cybersecurity and technology disruption

The business relies on IT systems for ordering, warehouse management, and routing.

Scope
Order processing, logistics, and customer service
Materiality
high
medium

Acquisition integration risk

New acquisitions may have less mature systems and require operational integration.

Scope
Purchased businesses and network integration
Materiality
medium
medium

Macroeconomic and demand sensitivity

Restaurant and food-away-from-home spending can weaken with inflation or lower confidence.

Scope
Independent and chain restaurant volumes
Materiality
high
medium

Fuel, labor, and supply chain cost pressure

Distribution economics depend on transportation, warehouse labor, and supplier availability.

Scope
Fleet, distribution centers, and procurement
Materiality
high
Inventory valuation
Affects cost of goods sold and gross profit
Vendor rebates and promotional incentives
Affects revenue presentation and margin analysis
Allowance for doubtful accounts
Affects receivables and bad debt expense
Leases
Affects right-of-use assets, liabilities, and operating costs
Goodwill and intangible assets
Affects amortization and impairment risk

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: 29/04/2026