Performance Food Group Reports Strong Sales and Profit Growth Despite Decline in Net Income
One of the largest distributors in foodservice, Performance Food Group, has announced results from its fourth quarter and fiscal year.
Quarterly Highlights
The company saw case volume increase by 11.9%. Independent Foodservice case volume rose 20.4%, while Organic Independent Foodservice case volume increased 5.9%.
Net sales were $16.9 billion, rising 11.5% for the period. Gross profit for the quarter grew 14.6% to $2 billion. This growth in sales and profit can be attributed to recent acquisitions, including that...
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