Performance Food Group (PFG) is a major player in the foodservice distribution industry, headquartered in Richmond, Virginia, with roots tracing back to 1885. As the third-largest broadline foodservice distributor in the U.S., after Sysco and US Foods, PFG serves over 300,000 customer locations across North America, including independent and chain ...Performance Food Group (PFG) is a major player in the foodservice distribution industry, headquartered in Richmond, Virginia, with roots tracing back to 1885. As the third-largest broadline foodservice distributor in the U.S., after Sysco and US Foods, PFG serves over 300,000 customer locations across North America, including independent and chain restaurants, vending distributors, theaters, retailers, and convenience stores. The company operates through three segments: Foodservice, which delivers a wide range of products from center-of-the-plate items like beef, poultry, and seafood to dry groceries and cleaning supplies; Convenience, supplying candy, snacks, beverages, general merchandise, and tobacco products to convenience stores; and Specialty, focusing on specific categories like pizza and other niche markets. PFG's portfolio includes more than 300,000 SKUs, supplemented by its own branded products and private labels. The company differentiates itself through value-added services: marketing programs, technology solutions for ordering and inventory management, and operational consulting. Financially, PFG reported a market cap of approximately $18 billion, with revenues per share around $427.6 and a net profit margin of about 0.5% (TTM). The company maintains a strong operational footprint with over 43,000 associates working in more than 150 locations. Leadership is under President and CEO Scott E. McPherson, who assumed the role in January 2026. PFG has grown significantly through acquisitions, such as Reinhart FoodService in 2019, expanding its reach and expertise. The company's mission emphasizes customer success through proven expertise and adaptation, aiming to be a trusted leader in the foodservice industry. With a beta of 0.907, it demonstrates lower volatility than the market, and its enterprise value stands at ~$25.9 billion. PFG continues to focus on innovation, supply chain efficiency, and sustainable growth, eyeing further expansion in the foodservice distribution market.
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InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo.
TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo.
IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores).
$67.8B
+7.2%
+10.7%
Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día.
$359.3M
+5.6%
+289.2%
Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión.
+11.9%
+1.8%
+1.1%
Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas).
+1.3%
+1.4%
+96.5%
Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas.
+0.5%
-1.5%
+251.7%
Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones.
$1.0B
+46.2%
-58.8%
Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero.
+1.5%
+36.4%
-62.7%
Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro.
158.8%
-11.1%
-4.8%
Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico.
1.51x
-4.2%
-0.1%
Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo.
Operator: Good morning, everyone, and welcome to PFG's Fiscal Year Q4 2026 Earnings Conference Call. [Operator Instructions] And just a reminder, today's call is being recorded. I would now like to turn the call over to Mr. Bill Marshall, Senior Vice President, Investor Relations for PFG. Please go ahead, sir.
Bill Marshall: Thank you, and good morning. We're here with Scott McPherson, PFG's CEO; and Patrick Hatcher, PFG's CFO. We issued a press release this morning regarding our 2026 fiscal fourth quarter results, which can be found in the Investor Relations section of our website at pfgc.com. During our call today, unless otherwise stated, we are comparing results to the results in the same period in fiscal 2025. Any reference to 2025 or 2026 or specific quarters refers to our fiscal calendar year unless otherwise stated. The results discussed on this call will include GAAP and non-GAAP results adjusted for certain items. The reconciliation of these non-GAAP measures to the corresponding GAAP measures can be found at the back of the earnings release. Our remarks on this call and in the earnings release contain forward-looking statements and projections of future results. Please review the cautionary forward-looking statements section in today's earnings release and our SEC filings for various factors that could cause our actual results to differ materially from our forward-looking statements and projections. With that, I'd now like to turn the call over to Scott.
Scott McPherson: Thanks, Bill. Good morning, everyone, and thank you for joining our call today. This morning, Patrick and I will review our results for 2026, discuss industry trends and walk you through our expectations for 2027 and beyond. As we close out the fiscal year, I'm proud of the passion, dedication and resilience shown by our 44,000-plus associates. The year certainly brought its share of challenges as consumers continue to navigate higher prices, distributors faced operating cost pressures and external factors weighed on the broader food-away-from-home industry. Despite these headwinds, our team rose to the occasion and posted excellent results. We are excited about what 2027 has in store for Performance Food Group. Our company is well positioned to build upon recent trends and accelerate our financial performance. For the upcoming fiscal year, we have visibility into revenue, margin and profit opportunities, positioning us favorably to achieve our 3-year outlook. Headlining our performance in 2027 is anticipated growth across all 3 of our business segments. The foundation of that growth is our continued investment in our sales organization, sales technology and most importantly, our customer relationships. In Foodservice, ongoing market share gains with independent restaurants, recently awarded national account business and a strong pipeline of opportunities position the segment well for another year of solid growth. In Convenience, we look to benefit from the momentum …