Performance Food Group (PFG) has achieved a higher spot on the 2022 Fortune 500 list. Previously occupying the 168th spot in 2020 and the 114th spot in 2021, they now sit at 112.
Headquartered in Richmond, Virginia and spread throughout the country in 83 distribution centers, it is one of the largest broadline food distributors and a direct competitor to Sysco and US. Foods.
The company experienced a 21% increase in annual revenue between 2020 and 2021, from $25.086 billion to $30.339 billion, all done in the midst of a pandemic and nationwide shutdown. Third quarter results currently have net sales at $13.1 billion and gross profit at $1.3 billion.
“Our move up the Fortune 500 ranking list reflects PFG’s continuing strength and growth, made possible by our essential, hardworking and very talented team,” said George Holm, PFG’s chairman & chief executive officer.
According to the company, success can be attributed to various strategic mergers and acquisitions, as well as an expansion into new lines of business.
But above all, as CEO Holm says, their success comes from the over 30,000 employees that dedicate their time and energy to moving the company forward through valuable customer relationships and greater ties to the communities they serve.