Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2018 Results
Net sales for the fourth quarter of fiscal 2018 grew 3.7% to $4.6 billion versus the comparable prior year period. The increase in net sales was primarily attributable to growth in Vistar, most notably in the theater and retail channels, case growth in Performance Foodservice (“PFS”), specifically in the independent restaurant channel, and recent acquisitions. The increase in net sales was also attributable to an increase in selling price per case as a result of inflation and mix. Overall food cost inflation was approximately 1.7% in the fourth quarter.