Performance Food Group Co 2024年度报告

TO OUR STOCKHOLDERS Jose Santiago and Cheney Brothers. These twoacquisitions expanded PFG's territories into PuertoRico and within the Southeastern United States,respectively, and will drive sales and profit growth inthe long term. Our acquisition of Jose Santiago, Inc., the largestfoodservice distributor in Puerto Rico, in July 2024,marked our first operating company in the Caribbean.Over the past year, we have seen great progressfrom this organization, and we anticipate more growthopportunities in the years to come as this acquisitionnot only strengthens our presence in Puerto Ricobut also opens new avenues for expansion in theCaribbean region. In October 2024, PFG acquired Cheney Brothers,a leading independent foodservice distributor. Thisacquisition has significantly increased our scale andgeographic reach, allowing us to better serve ourcustomers and strengthen our market position. It has been an exciting year for our Company, and Iam proud of the significant milestones we achieved. Itis the dedication and hard work of our approximately43,000 associates that has enabled our company'scontinued success. This year, we celebrated our 10-year anniversary as a public company by ringing theClosing Bell and hosting an Investor Day at the NewYork Stock Exchange. When we became a publiccompany in 2015, our market cap was $2 billion withapproximately $15 billion in annual net sales. At theclose of fiscal 2025, we had achieved a market capof approximately $14 billion with $63.3 billion of netsales. Earlier in the year, we also moved higher on theFortune 500 list, landing in the No. 80 position. I am very pleased with the progress we have madethis year to integrate both Jose Santiago and CheneyBrothers. The synergies and additional marketpenetration from these acquisitions are alreadybeginning to materialize, and we are confident thatthey will continue to contribute positively to our overallgrowth strategy. In addition, we continue to invest in our people andtechnology, to keep pace with our growth. Throughoutfiscal 2025, we made strategic investments in ourwarehouse capacity and added to our fleet, allwhile improving safety standards and advancingsustainability. Our continued focus on innovation,operational excellence, and customer satisfactionwill drive our success in the years to come, andensure we extend our legacy of positive impactfor our associates, customers, suppliers, and thecommunities we serve. It is against this backdrop that we continued to executeour strategy, finishing fiscal 2025 with significantoperational and growth momentum across our threeoperating segments. I am excited for what the futureholds at PFG and our plans to achieve success. DELIVERING ON LONG RUNWAY FORSTRATEGIC GROWTH At our Investor Day in May, we highlighted the strategythat will drive continued growth for our company.PFG is a one-of-a-kind organization with a deepreach across the U.S. food-away-from-home market.Over the years we have built a distribution networkto service this growing market and are now reachingthe size and scale needed to take full advantage ofour market position. By collaborating across our threeoperating segments, Foodservice, Convenience andSpecialty, we expect to produce top and bottom-lineperformance that builds upon our track record ofvalue creation for all stakeholders and extends ourcompetitive advantage that sets PFG apart from ourpeers. Central to everything we do is our customerfirst approach and entrepreneurial BUILDING ON THE STRONG MOMENTUMUNDERWAY PFG ended fiscal 2025 in a strong financial positionand is poised to capture the upside potential of ournew three-year financial plan. Going forward,we willcontinue to execute our balanced capital allocationstrategy, focused on capital expenditures, leveragereduction, share repurchases and M&A. In summary, I am very proud of our Company'sachievements during fiscal 2025 and the incredibleteam in place, and look forward to many more years ofsuccess at PFG. culture, both of which will remainkey to our success going forward. STRENGTHENING PFG'SFOOTPRINT AND MARKET POSITION George L. HolmChairman of the Board of Directorsand Chief Executive OfficerOctober 10, 2025 M&A has been an important part of ourstrategy and early in the fiscal year,we welcomed the associates fromtwo outstanding companies - For the fiscal year ended June 28, 2025DTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from_____to _____Commission File Number 001-37578 Performance Food Group Company (Exact name ofregistrant as specified in its charter) 43-1983182(IRS EmployerIdentification No.) Indicate by check mark ifthe registrant is a well-known seasoned issuer, as defined in Rule 405 ofthe Securities Act.Yes 181 No□Indicate by check mark ifthe registrant is not required to file reports pursuant to Section 13 or Section 15(d) ofthe Act.Yes□No 181Indicate by check mark whether the registrant (I) has filed a