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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Performance Food Group Company
Performance Food Group Company (PFGC) investor relations material
Performance Food Group Company Proxy filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Proxy filing summary9 Oct, 2026
Executive summary
FY26 net sales $67.8B, up 7.2%; gross profit $8.1B, up 9.1%; adjusted EBITDA $1.93B, up 9.2%; net income $359.3M and diluted EPS $2.29.
Total case volume grew 5.1%; independent restaurant case growth, Convenience market-share gains and Specialty strength supported results.
Three-year roadmap targets revenue and share growth, gross-margin expansion, operating leverage, procurement savings, disciplined capital allocation and continued M&A; CustomerFirst usage reached 46% in FY26.
Scott McPherson became CEO and George Holm Executive Chair on Jan. 1, 2026; Holm is scheduled to become Non-Executive Chair on Jan. 1, 2027.
Voting matters and shareholder proposals
Stockholders are asked to elect 10 directors, ratify Deloitte & Touche LLP for FY27, and approve named executive officer compensation in a non-binding advisory vote; the Board recommends FOR each.
The virtual annual meeting is Nov. 18, 2026; holders of record on Sept. 30, 2026 may vote, with proxies due by 11:59 p.m. ET on Nov. 17.
Rule 14a-8 proposals for the 2027 annual meeting must reach the Secretary by June 11, 2027; proxy access notices are due May 12–June 11, 2027.
Board of directors and corporate governance
The 10 nominees serve through the 2027 annual meeting; Dawson, Fernandez and Flanagan will not stand for re-election, and Ferguson resigned Aug. 24, 2026.
Eight of the 10 nominees are independent; Matthew Flanigan will succeed Fernandez as Lead Independent Director following the annual meeting.
The Board held 12 meetings in FY26; all four standing committees conduct oversight across audit and finance, compensation, governance, and technology and cybersecurity.
Governance features include annual director elections, majority voting, proxy access, special-meeting rights, annual Board evaluations and one class of voting stock with equal rights.
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Latest events from Performance Food Group Company
- Strong segment diversification, tech investment, and M&A drive growth and margin gains for 2027.PFGC
Barclays 19th Annual Global Consumer Conference - Record 2026 sales and profit growth set the stage for double-digit EBITDA gains in 2027.PFGCQ4 2026
- Q3 saw 6.4% sales growth and higher EBITDA, but net income fell on increased expenses.PFGCQ3 2026
- Acquisitions in the Southeast U.S. and Caribbean drive growth and synergy opportunities.PFGCInvestor presentation
- Q2 and first-half 2026 delivered strong sales and profit growth, with updated guidance and new buyback.PFGCQ2 2026
- Net sales up 3.2% to $15.42B, but net income down 10.5% on higher expenses.PFGCQ1 2025
- Double-digit profit growth and major acquisitions drive strong FY24 and positive FY25 outlook.PFGCQ4 2024
- Three-year targets: $73–$75B sales, $2.3–$2.5B EBITDA, and a $500M share buyback authorized.PFGCInvestor Day 2025
- Strong sales and EBITDA growth offset by lower net income and narrowed FY25 guidance.PFGCQ3 2025
Next Performance Food Group Company earnings date
Q1 20274 Nov, 2026
Performance Food Group Company
Next Performance Food Group Company earnings date
Q1 20274 Nov, 2026
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Frequently asked questions
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood. It also sells disposables, cleaning and kitchen supplies, and related products. In addition, the company offers value-added services that include product selection and procurement; menu development; recipe management; strategic planning or consulting; new store openings; data analysis; marketing support services; culinary support services; data processing; credit card processing; accounts receivable financing to independent operators; group purchasing organization for the purpose of providing cost savings opportunities to our customers; co-branding programs for the benefit of our customers' patrons and our brand partners; and electronic ordering platforms that provide labor efficiency advantages to our customers. It serves approximately 165,000 independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools/colleges/universities/ hospitals/other institutions (SCHUHS), vending operators and office coffee service distributors.