Performance Food Group Company Shares Q1 2025 Report; George Holm Comments

Performance Food Group Company has announced its first-quarter fiscal 2025 business results.

"PFG had a strong start to fiscal 2025, closing the first quarter with solid sales momentum and adjusted EBITDA growth," said George Holm, PFG’s Chairman and Chief Executive Officer. "Our core business has continued to perform exceptionally well, and we expect this trend to continue. Additionally, I am very pleased with the progress we have made to integrate our recent acquisitions of Cheney Brothers and José Santiago into our Foodservice business. These additions are expected to drive significant profit growth and increase market share opportunity. I am excited about the considerable opportunities we have in fiscal 2025 and beyond.”

As shared in a press release, the company's quarterly highlights include:

• Total case volume increased 2.6 percent
• Total Independent Foodservice case volume increased 7.8 percent
• Organic Independent Foodservice case volume increased 4.3 percent
• Net sales increased 3.2 percent to $15.4 billion
• Gross profit improved 6.1 percent to $1.8 billion
• Net income decreased 10.5 percent to $108 million
• Adjusted EBITDA increased 7.3 percent to $411.9 million
• Diluted Earnings Per Share (“EPS”) decreased 10.4 percent to $0.69
• Adjusted Diluted EPS increased 0.9 percent to $1.16
• Operating Cash Flow of $53.5 million

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