PFGC Latest Report

Performance Food Group's Operating Revenue in 2024

Based on the provided data, Performance Food Group (PFGC) had an operating revenue of $15.638 billion as of December 28, 2024. As the operating revenue data for the same period in 2023 is not provided, a comparison of year-on-year changes cannot be made. If the 2023 data were available, it would provide a clearer understanding of the growth or decline in operating revenue.

Key Financial Data

1. In 2023, Performance Food Group's total operating revenue was approximately RMB3.8856 million, up approximately 7.72% from the previous year [source](http://www1.hkexnews.hk/listedco/listconews/sehk/2024/0425/2024042501960_c.pdf).

2. The Q4 2024 earnings report showed a year-on-year growth of approximately 11% in net income and a 18.4% increase in adjusted EBITDA [source](https://news.futunn.com/post/46533909/performance-food-group-company-pfgc-q4-2024-earnings-call-transcript).

3. The Company achieved an operating revenue of RMB10.8766 billion in the first half of 2024, down 3.5% year-on-year, mainly affected by the decline in revenue from the ice cream subcategory in the leisure food category [source](http://www1.hkexnews.hk/listedco/listedco/news/sehk/2024/1212/2024121200314_c.pdf).

Peer Comparison

1. Industry-wide analysis: The food distribution industry has generally shown a recovery trend after the pandemic, with overall operating revenues generally showing a warming trend, especially for products related to household consumption, which has significantly increased demand and driven the industry's overall growth.

2. Peer evaluation analysis: If Performance Food Group's operating revenue is higher than the industry average, it indicates that the company has strong competitiveness and market share in the market; otherwise, it may need to focus on its market strategy and operational efficiency.

Summary

Performance Food Group's operating revenue in 2024 shows a certain growth trend, although its overall financial performance is affected by the decline in revenue from the leisure food category. In the context of the industry's overall recovery, the Company has adopted diversified market strategies to adapt to changes in consumer demand, which helps to boost its operating revenue.

Opportunities

1. With the increase in consumer demand for food and beverages, the Company can further optimize its product portfolio.

2. Innovation in emerging channels such as vending machines and e-commerce platforms can provide additional revenue sources.

3. If it can seize the opportunity of the recovery of consumer confidence after the pandemic, the Company can further enhance its market share.

Risks

1. The decline in revenue from the leisure food category may continue to put pressure on overall operating revenue.

2. Intensified competition in the industry may affect the Company's market share and profitability.

3. Uncertainty in the macroeconomic environment may negatively affect consumer spending and, in turn, the Company's operating revenue.