Performance Food Group

Retail (all)/Food

Richmond, CA, United States

Description

Performance Food Group, founded in 1885 and headquartered in Richmond, Virginia, is a publicly traded company operating in the foodservice distribution industry. With approximately 37,000 employees, it serves as a major distributor providing food and related products to a wide array of customers across the United States. Its client base includes independent and chain restaurants, schools, hospitals, vending and office coffee service distributors, retailers, convenience stores, theaters, hospitality providers, concessionaires, airport gift shops, college bookstores, and correctional facilities. The company's business model focuses on B2B foodservice distribution, delivering a diverse range of products to meet the needs of various industries within the foodservice sector. In its latest fiscal period, Performance Food Group reported revenue of $54.68 billion, reflecting its substantial presence in the food distribution market.

Experteer Insights

Locations 307

Vacancies 4

Experteer Briefing

Company Trajectory

Performance Food Group, headquartered in Richmond, Virginia, United States, was founded in 1885 by James Capers as a food peddling business serving local markets. The company has evolved from its modest beginnings into one of the nation’s leading food and foodservice distribution organizations. Key milestones in its development include multiple market expansions and the creation of strategic subsidiaries, reflecting its ability to adapt to shifts in the foodservice sector. Over the years, Performance Food Group has navigated industry challenges and opportunities by broadening its service offerings and reinforcing its position as a critical partner to various sectors across North America.

Financial Setup

Performance Food Group is a publicly traded enterprise on the U.S. stock exchange. The company employs approximately 37,000 professionals, supporting a vast B2B customer base that includes independent and chain restaurants, schools, hospitals, retailers, convenience stores, and hospitality providers. Its business model has transitioned from direct food sales to a comprehensive distribution network, aligning with changing consumer and industry needs. The company’s financial structure is underscored by a stable revenue stream and a commitment to serving diverse institutional clients nationwide.

Development & Outlook

Recent developments at Performance Food Group focus on diversified growth through its three primary segments: Foodservice, Vistar, and Convenience. These units enable the company to offer a wide selection of food, beverage, confectionery, and service solutions to an expansive range of customers. Ongoing innovation in product distribution, supply chain management, and tailored services helps meet the evolving preferences of clients and consumers. Performance Food Group continues to pursue operational excellence and market leadership, supported by investments in technology, product offerings, and strategic relationships in the foodservice distribution landscape.