Description

Performance Food Group’s Hidden Growth Engine: National Stores Served Jump 16%!

Performance Food Group Company reported fiscal 2026 fourth-quarter and full-year results showing growth across Foodservice, Convenience, and Specialty. Despite persistent inflation, higher operating costs, and subdued food-away-from-home consumer spending, quarterly net sales increased 6.4%, while Foodservice organic independent case growth reached 5.9% for the year. Foodservice continued to generate independent account growth and market share gains despite negative restaurant traffic trends. Independent case volume increased nearly 6%. National account volumes declined slightly, although new business, including an expanded Jersey Mike’s relationship, is expected to support volumes later in 2027. Proprietary brands now account for more than half of independent customer case sales. Convenience, primarily Core-Mark, delivered mid-single-digit sales growth and double-digit adjusted EBITDA growth despite higher gasoline prices and consumer packaged goods pricing pressures. National account wins, including Love’s and RaceTrac, contributed to a 16% increase in national stores served.