Performance Food Group Company (PFGC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Any reference to 2025, 2026, or specific quarters refers to our fiscal calendar unless otherwise stated. The results discussed on this call will include GAAP and non-GAAP results adjusted for certain items. The reconciliation of these non-GAAP measures to the corresponding GAAP measures can be found at the back of the earnings release. Our remarks on this call and in the earnings release contain forward-looking statements and projections of future results. Please review the cautionary forward-looking statement section in today's earnings release and our SEC filings for various factors that could cause our actual results to differ materially from our forward-looking statements and projections. With that, I'd now like to turn the call over to Scott. Thanks, Bill. Good morning, everyone, and thank you for joining our call today. Before jumping into our second quarter results, I would like to recognize George Holm. As we announced in December after nearly 25 years with Performance Food Group, George has retired from his role as CEO. Over his career, George built an impeccable reputation as an industry leader, a visionary, and an agent of growth. Since PFG's IPO in 2000, sales have more than quadrupled to over $60 billion, and the market cap of PFG has increased sevenfold, much of which can be attributed to the vision and influence George has had on the company. More importantly, because of Georgia's stewardship, PFG is defined by more than just financial results. It is a place where people want to work, where customers and suppliers want to do business, and a preferred partner for strategic M&A. There's a reason that PFG is often the first and sometimes only call from prospective acquisition opportunities. Many of you have had the opportunity to meet with George and expe...