PFG and US Foods abandon pursuit of merger

Performance Food Group (PFG) and US Foods person backed retired of plans for a merger aft assessing imaginable benefits and regulatory concerns.

The foodservice distributors person mutually decided to extremity an information-sharing process which commenced successful September 2025.

US Foods CEO Dave Flitman stated: “We person completed our thorough analysis, including synergies and regulatory considerations, of the imaginable benefits of a operation with PFG.

“While we are pleased to person engaged successful this exploratory process together, our committee of directors and the enforcement enactment squad person determined that it is successful the champion involvement of US Foods and its shareholders to terminate discussions regarding a imaginable combination.”

PFG president and CEO George Holm stated: “Our committee of directors is unanimous successful its content that the clearest and champion way to semipermanent stockholder values is executing our standalone strategical plan, leveraging our divers concern segments to thrust accordant gross and nett growth.”

Headquartered successful Rosemont successful the US authorities of Illinois, US Foods serves 250,000 lawsuit locations.

The institution operates much than 70 broadline locations and much than 90 cash-and-carry stores, supported by astir 30,000 associates.

PFG is based successful Richmond, Virginia and operates much than 150 locations.

PFG and its companies proviso nutrient and related products to 300,000 clients, including restaurants, healthcare facilities, schools and retailers.

PFG reiterated the fiscal guidance it issued connected 5 November 2025 for its 2026 fiscal twelvemonth and for the 2nd 4th of that year.

the institution maintained nett income forecast of $16.4bn to $16.7bn for the 2nd 4th of fiscal 2026, with adjusted net earlier interest, tax, depreciation and amortisation (EBITDA) expected betwixt $450m and $470m.

For the afloat 2026 fiscal year, PFG is maintaining its outlook for nett income of betwixt $67.5bn and $68.5bn and adjusted EBITDA of $1.9bn to $2bn.

Its adjusted EBITDA forecast excludes items that absorption does not see portion of ongoing operations.

These whitethorn see losses connected aboriginal indebtedness extinguishment, restructuring‑related costs, definite taxation items and fees tied to one‑off nonrecreational and ineligible services related to acquisitions.

US Foods, for its part, outlined superior allocation measures.

The institution plans to participate an accelerated stock repurchase statement covering $250m of its communal stock, nether its existing stock buyback authorisation.

Its committee has besides approved a caller stock repurchase programme, valued astatine $1bn.

"PFG and US Foods wantonness pursuit of merger" was primitively created and published by Verdict Food Service, a GlobalData owned brand.