Strong Start to Fiscal Year 2026
Performance Food Group (PFG) reported double-digit top line growth, acceleration in independent restaurant case volume, and gross margin expansion. The company's diversified approach continues to yield market share gains.
Foodservice Segment Growth
The Foodservice segment achieved a 15.6% increase in total cases and an 18.8% increase in sales for the quarter. Organic independent case growth was 6.3%, driven by a 5.8% increase in new customers year-over-year.
Convenience Segment Expansion
Core-Mark began shipping to hundreds of additional Love's Travel centers, contributing to a 3.5% sales growth in the Convenience segment. The segment also saw strong performance in non-combustible nicotine products.
Specialty Segment Profitability
Despite a challenging market, the Specialty segment achieved 13% adjusted EBITDA growth due to improved operating leverage and efficiencies.
Raised Sales Guidance for Fiscal Year
PFG increased its sales target for the full fiscal year to a range of $67.5 billion to $68.5 billion, reflecting confidence in continued performance.