Performance Food Group Q3 2025 Update
Ticker: PFGC · Form: 10-Q · Filed: 2025-05-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, food distribution
TL;DR
PFGC Q3 2025: Financials filed, showing ongoing operations across segments.
AI Summary
Performance Food Group Co. reported its third-quarter results for the period ending March 29, 2025. The company's filing indicates ongoing business activities and financial reporting, with specific references to segments like Foodservice and Convenience, and financial instruments such as interest rate swaps and senior notes.
Why It Matters
This filing provides insight into the financial health and operational performance of Performance Food Group, a major player in the food distribution industry.
Risk Assessment
Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new risks highlighted.
Key Numbers
- 2025-03-29 — Reporting Period End Date (Indicates the end of the fiscal quarter for which results are reported.)
- 2023-12-31 — Prior Year End Date (Provides a comparative point for retained earnings and other financial metrics.)
- 2024-03-30 — Prior Year Quarter End Date (Used for comparative financial reporting.)
Key Players & Entities
- Performance Food Group Co (company) — Filer of the 10-Q
- 20250329 (date) — End of the reporting period
- Cheney Brothers Inc (company) — Mentioned in relation to business acquisition cost
- Foodservice (company) — An operating segment
- Convenience (company) — A member segment
FAQ
What were the key financial highlights for Performance Food Group in the quarter ending March 29, 2025?
The filing is a 10-Q, which primarily reports financial position and results of operations. Specific financial highlights like revenue, net income, or EPS are detailed within the full document, but this summary focuses on the reporting period and entities involved.
Did Performance Food Group make any significant acquisitions or divestitures during this period?
The filing mentions 'pfgc:BusinessAcquisitionCostMember' in relation to 'pfgc:CheneyBrothersIncMember' for the period ending March 29, 2025, suggesting potential acquisition-related costs or activities.
How is Performance Food Group's debt structure described in this filing?
The filing references 'pfgc:FivePointFivePercentSeniorNotesDueTwentyTwentySevenEffectiveInterestRateFivePointNineThreePercentMember' for the period ending March 29, 2025, indicating specific debt instruments.
What are the main operating segments of Performance Food Group mentioned?
The filing identifies 'pfgc:FoodserviceMember' and 'pfgc:ConvenienceMember' as operating segments, with 'pfgc:SpecialtyMember' also referenced.
Are there any mentions of financial instruments like derivatives or swaps?
Yes, the filing includes 'us-gaap:InterestRateSwapMember' for the period ending March 30, 2024, indicating the use of interest rate swaps.
From the Filing
0000950170-25-065695.txt : 20250507 0000950170-25-065695.hdr.sgml : 20250507 20250507161539 ACCESSION NUMBER: 0000950170-25-065695 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 69 CONFORMED PERIOD OF REPORT: 20250329 FILED AS OF DATE: 20250507 DATE AS OF CHANGE: 20250507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Performance Food Group Co CENTRAL INDEX KEY: 0001618673 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & GENERAL LINE [5141] ORGANIZATION NAME: 07 Trade & Services EIN: 431983182 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-37578 FILM NUMBER: 25921592 BUSINESS ADDRESS: STREET 1: 12500 WEST CREEK PARKWAY CITY: RICHMOND STATE: VA ZIP: 23238 BUSINESS PHONE: (804) 484-7700 MAIL ADDRESS: STREET 1: 12500 WEST CREEK PARKWAY CITY: RICHMOND STATE: VA ZIP: 23238 10-Q 1 pfgc-20250329.htm 10-Q 10-Q 322 366 362 true 0001618673 --06-28 true Q3 true 365 386 false true 2025 P10Y P10Y http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet 0001618673 pfgc:ConvenienceMember 2023-12-31 2024-03-30 0001618673 pfgc:CheneyBrothersIncMember pfgc:BusinessAcquisitionCostMember us-gaap:CustomerRelationshipsMember 2025-03-29 0001618673 us-gaap:RetainedEarningsMember 2023-12-31 2024-03-30 0001618673 us-gaap:BaseRateMember pfgc:AblFacilityMember 2024-06-30 2025-03-29 0001618673 pfgc:CheneyBrothersIncMember pfgc:BusinessAcquisitionCostMember 2025-03-29 0001618673 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-30 0001618673 pfgc:SpecialtyMember 2024-06-29 0001618673 pfgc:FivePointFivePercentSeniorNotesDueTwentyTwentySevenEffectiveInterestRateFivePointNineThreePercentMember 2024-06-30 2025-03-29 0001618673 us-gaap:IntersegmentEliminationMember 2023-07-02 2024-03-30 0001618673 pfgc:FoodserviceMember us-gaap:OperatingSegmentsMember 2024-06-30 2025-03-29 0001618673 us-gaap:InterestRateSwapMember 2023-07-02 2024-03-30 0001618673 us-gaap:AdditionalPaidInCapitalMember 2023-07-01 0001618673 us-gaap:OperatingSegmentsMember pfgc:SpecialtyMember 2024-12-30 2025-03-29 0001618673 us-gaap:CorporateAndOtherMember 2024-06-30 2025-03-29 0001618673 pfgc:ConvenienceMember 2025-03-29 0001618673 srt:MaximumMember pfgc:AblFacilityMember 2024-09-09 2024-09-09 0001618673 pfgc:SixPointOneTwoFivePercentSeniorNotesDueTwentyThirtyTwoMember pfgc:DebtInstrumentRedemptionPeriodThirteenMember 2024-09-12 2024-09-12 0001618673 srt:MaximumMember us-gaap:CustomerRelationshipsMember 2024-06-30 2025-03-29 0001618673 us-gaap:OperatingSegmentsMember pfgc:SpecialtyMember 2023-12-31 2024-03-30 0001618673 us-gaap:RetainedEarningsMember 2024-03-30 0001618673 us-gaap:RetainedEarningsMember 2024-06-30 2025-03-29 0001618673 us-gaap:CommonStockMember 2024-12-29 2025-03-29 0001618673 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 2024-03-30 0001618673 us-gaap:CorporateAndOtherMember 2024-12-30 2025-03-29 0001618673 pfgc:DonaldSBulmerMember 2025-03-29 0001618673 us-gaap:OperatingSegmentsMember pfgc:ConvenienceMember 2023-07-02 2024-03-30 0001618673 pfgc:CraigHHoskinsMember 2024-12-29 2025-03-29 0001618673 pfgc:AblFacilityMember 2024-06-30 2025-03-29 0001618673 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 2024-03-30 0001618673 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2024-06-30 2025-03-29 0001618673 us-gaap:InterestRateSwapMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-07-02 2024-03-30 0001618673 pfgc:SpecialtyMember 2024-12-30 2025-03-29 0001618673 us-gaap:InterestRateSwapMember 2024-12-29 2025-03-29 0001618673 pfgc:SixPointOneTwoFivePercentSeniorNotesDueTwentyThirtyTwoEffectiveInterestRateSixPointTwoEightSixPercentMember 2024-06-30 2025-03-29 0001618673 srt:MaximumMember pfgc:VehicleLeasesContractualTermMember 2025-03-29 0001618673 pfgc:SpecialtyMember 2023-07-02 2024-03-30 0001618673 us-gaap:CommonStockMember 2024-06-30 2025-03-29 0001618673 2025-03-29 0001618673 pfgc:Foodservice