Skip to content

Thought Leadership for Wholesale Change Agents

  • Software
  • Articles
    • AI in Distribution
    • Digital Strategy
    • B2B eCommerce
    • Distribution Marketing
    • Distribution Sales Strategy
    • Distribution Technology
    • Distribution Industry News
    • Technology News
  • News
  • Programs
    • Upcoming Programs
    • On-Demand Programs
    • Wholesale Change Show
    • On-Demand Wholesale Change Shows
    • The Discerning Distributor
    • Calendar
  • Reports
  • Speaking
Menu
  • Software
  • Articles
    • AI in Distribution
    • Digital Strategy
    • B2B eCommerce
    • Distribution Marketing
    • Distribution Sales Strategy
    • Distribution Technology
    • Distribution Industry News
    • Technology News
  • News
  • Programs
    • Upcoming Programs
    • On-Demand Programs
    • Wholesale Change Show
    • On-Demand Wholesale Change Shows
    • The Discerning Distributor
    • Calendar
  • Reports
  • Speaking
Join Our List
Home » Distribution Industry News » Performance Food Group Sales Up 8.3% in Second Quarter

Date

  • Published on: February 9, 2023

Author

  • Picture of Distribution Strategy Group Distribution Strategy Group

Related

Fastenal’s January Sales Up 11.2% YOY

Avnet Sales Up 14.5% in Fiscal 2Q 2023

Affiliated Distributors Combined Owner-Member Sales Up 28% in 2022

Share

Distribution Industry News

Performance Food Group Sales Up 8.3% in Second Quarter

Performance Food Group Company, Richmond, Va. (NYSE: PFGC), reported sales for the second quarter of fiscal 2023 grew 8.3% to $13.9 billion compared to the prior-year period.  

Don’t miss any content from Distribution Strategy Group. Join our list.   

The increase in net sales was primarily attributable to an increase in selling price per case because of inflation and channel mix. Overall product-cost inflation continued to decline through the second quarter of fiscal 2023 and was 10.3%. 

Profit for the second quarter of fiscal 2023 increased $62.7 million year-over-year to $71.1 million.  

“Our momentum continued into the fiscal second quarter, with another period of strong sales and profit results for our company,” said George Holm, PFG’s CEO. “Our Foodservice segment produced organic independent restaurant case growth, leading to another quarter of market-share gains. Our execution across all business segments, along with positive mix shift, led to margin expansion and strong cash flow generation.” 

Sales for the first half of fiscal 2023 grew 23.2% to $28.6 billion. The increase in sales was primarily attributable to the acquisition of Core-Mark in the first quarter of fiscal 2022 and an increase in selling price per case because of inflation. Overall product-cost inflation for the company was approximately 11.3%. 

Profit for the first half of fiscal 2023 increased $153.7 million year-over-year to $166.8 million.  

Distribution Strategy Group
Distribution Strategy Group
Website

Leave a Comment Cancel Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Get inspired to act now. Get our content in your inbox 2x/week.

subscribe
Facebook-f Linkedin-in Twitter

Useful Links

  • About
  • Sponsorships
  • Consulting
  • Contact
  • About
  • Sponsorships
  • Consulting
  • Contact

Policies & Terms

  • Terms
  • Distribution Strategy Group Privacy Policy
  • Cookie Policy
  • Terms
  • Distribution Strategy Group Privacy Policy
  • Cookie Policy

Get In Touch

  • 303-898-8636
  • contact@distributionstrategy.com
  • Boulder, CO 80304 (MST/MDT)

© 2025 Distribution Strategy Group