PFG Appoints Scott McPherson as New CEO, George Holm Transitioning to Executive Chair
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Should l Buy PFGC?
Source: Newsfilter
- Leadership Transition: Performance Food Group announced that George Holm will transition to Executive Chair on January 1, 2026, while Scott McPherson will succeed him as CEO, marking a strategic leadership handover aimed at sustaining business growth momentum.
- Strategic Planning Implementation: This leadership change is the result of thorough multi-year planning, with Holm successfully guiding PFG from private ownership to a publicly traded company, establishing its leadership position in the U.S. food distribution industry.
- Growth Potential: McPherson emphasized a focus on driving revenue growth by collaborating with existing customers and winning new business, which is expected to further enhance the company's competitive position in the market.
- Cultural Legacy and Innovation: With over 30 years of industry experience, McPherson is committed to maintaining PFG's corporate culture and values, and is expected to drive ongoing improvements in technology investment and operational efficiency.
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Analyst Views on PFGC
Wall Street analysts forecast PFGC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PFGC is 119.13 USD with a low forecast of 105.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 90.120
Low
105.00
Averages
119.13
High
130.00
Current: 90.120
Low
105.00
Averages
119.13
High
130.00
About PFGC
Performance Food Group Company, through its subsidiaries, markets and distributes primarily national and Company-branded food and food-related products to customer locations across North America. The Company operates through three segments: Foodservice, Convenience, and Specialty. Its Foodservice segment distributes a line of national brands, customer brands, and its proprietary-branded food and food-related products to independent and multi-unit chain restaurants and other institutions. The Specialty segment specializes in distributing candy, snacks, beverages, and other items nationally to vending, office coffee service, theater, retail, hospitality, and other channels. The Convenience segment distributes candy, snacks, beverages, cigarettes, other tobacco products, food and foodservice related products, and other items to convenience stores across North America. It markets and distributes over 300,000 food and food-related products to customers across the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Performance Food Group Q2 2026 Earnings Call Insights
- Leadership Transition: CEO Scott McPherson paid tribute to former CEO George Holm during the earnings call, emphasizing Holm's crucial role in pursuing strategic M&A opportunities, indicating that the company will maintain strategic consistency amid leadership changes.
- Strong Financial Performance: The company reported a net income of $61.7 million for Q2 2026, a 45.5% year-over-year increase, with adjusted EBITDA rising 6.7% to $451 million, demonstrating the company's ability to achieve profit growth despite a challenging macro environment.
- Sales Growth Outlook: Updated guidance for Q3 2026 expects net sales between $16 billion and $16.3 billion, with adjusted EBITDA in the range of $390 million to $410 million, reflecting a cautiously optimistic view of future market conditions.
- Integration Challenges and Opportunities: While the integration costs from the Cheney Brothers acquisition pose near-term pressure on EBITDA, management reiterated that most synergies are expected to materialize in years two and three post-acquisition, indicating confidence in long-term growth prospects.
See More
Performance Food Group Reports Increased Q2 Earnings
- Earnings Growth: Performance Food Group reported a second-quarter profit of $61.7 million, translating to $0.39 per share, which marks a significant increase from last year's $42.4 million and $0.27 per share, indicating enhanced profitability.
- Adjusted Earnings: Excluding certain items, the company reported adjusted earnings of $0.98 per share, demonstrating strong core business performance and boosting investor confidence in future growth prospects.
- Revenue Increase: The company's revenue rose by 5.2% year-over-year to $16.444 billion, up from $15.638 billion last year, reflecting improved competitiveness and sales capabilities in the market.
- Market Outlook: With both revenue and earnings growth, Performance Food Group solidifies its market position in the food distribution industry, which is expected to attract more investor attention towards its future expansion and development potential.
See More
Performance Food Group Q2 Earnings Miss Expectations
- Earnings Miss: Performance Food Group reported a Q2 Non-GAAP EPS of $0.98, missing expectations by $0.11, indicating pressure on profitability that could undermine investor confidence.
- Revenue Growth Weakness: The company posted revenues of $16.4 billion, a 5.1% year-over-year increase, yet fell short of expectations by $110 million, reflecting the impact of intensified market competition and rising costs on sales.
- Cautious Future Outlook: For Q3 of fiscal 2026, PFG expects net sales to range between $16.0 billion and $16.3 billion, demonstrating a cautious approach to future growth that may affect shareholder confidence.
- EBITDA Guidance Downgrade: PFG has revised its full fiscal year 2026 Adjusted EBITDA expectations to a range of $1.875 billion to $1.975 billion, down from the previous $1.9 billion to $2.0 billion, indicating increasing challenges in maintaining profitability.
See More
Performance Food Group Set to Announce Q2 Earnings on February 4th
- Earnings Announcement: Performance Food Group (PFGC) is set to announce its Q2 2023 earnings on February 4th before market open, with consensus EPS estimates at $1.09, reflecting an 11.2% year-over-year growth, indicating potential improvement in profitability.
- Revenue Expectations: Analysts project PFGC's revenue to reach $16.51 billion, representing a 5.8% year-over-year increase, which underscores the company's stable performance and ongoing sales growth in the competitive food distribution market.
- Historical Performance Review: Over the past two years, PFGC has only beaten EPS estimates 25% of the time, while achieving a 63% success rate in surpassing revenue estimates, indicating relative stability in revenue but greater volatility in profitability.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw no upward revisions and 13 downward adjustments, while revenue estimates experienced 8 upward and 3 downward revisions, suggesting a cautious market outlook regarding the company's future performance.
See More
PFG Appoints Scott McPherson as New CEO, George Holm Transitioning to Executive Chair
- Leadership Transition: Performance Food Group announced that George Holm will transition to Executive Chair on January 1, 2026, while Scott McPherson will succeed him as CEO, marking a strategic leadership handover aimed at sustaining business growth momentum.
- Strategic Planning Implementation: This leadership change is the result of thorough multi-year planning, with Holm successfully guiding PFG from private ownership to a publicly traded company, establishing its leadership position in the U.S. food distribution industry.
- Growth Potential: McPherson emphasized a focus on driving revenue growth by collaborating with existing customers and winning new business, which is expected to further enhance the company's competitive position in the market.
- Cultural Legacy and Innovation: With over 30 years of industry experience, McPherson is committed to maintaining PFG's corporate culture and values, and is expected to drive ongoing improvements in technology investment and operational efficiency.
See More
Performance Food Group Names George Holm as Executive Chair and CEO
Leadership Transition: Performance Food Group Company (PFGC) announced that CEO George Holm will become Executive Chair of the Board of Directors starting January 1, 2026.
New CEO Appointment: Scott McPherson, currently the Chief Operating Officer, will take over as CEO following Holm's transition.
Succession Planning: The leadership change is part of a multi-year succession planning process by the Board, aligning with PFG's strategic goals discussed at the 2025 Investor Day.
Author's Disclaimer: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
See More
Performance Food Group Q2 2026 Earnings Call Insights
- Leadership Transition: CEO Scott McPherson paid tribute to former CEO George Holm during the earnings call, emphasizing Holm's crucial role in pursuing strategic M&A opportunities, indicating that the company will maintain strategic consistency amid leadership changes.
- Strong Financial Performance: The company reported a net income of $61.7 million for Q2 2026, a 45.5% year-over-year increase, with adjusted EBITDA rising 6.7% to $451 million, demonstrating the company's ability to achieve profit growth despite a challenging macro environment.
- Sales Growth Outlook: Updated guidance for Q3 2026 expects net sales between $16 billion and $16.3 billion, with adjusted EBITDA in the range of $390 million to $410 million, reflecting a cautiously optimistic view of future market conditions.
- Integration Challenges and Opportunities: While the integration costs from the Cheney Brothers acquisition pose near-term pressure on EBITDA, management reiterated that most synergies are expected to materialize in years two and three post-acquisition, indicating confidence in long-term growth prospects.
See More
Performance Food Group Reports Increased Q2 Earnings
- Earnings Growth: Performance Food Group reported a second-quarter profit of $61.7 million, translating to $0.39 per share, which marks a significant increase from last year's $42.4 million and $0.27 per share, indicating enhanced profitability.
- Adjusted Earnings: Excluding certain items, the company reported adjusted earnings of $0.98 per share, demonstrating strong core business performance and boosting investor confidence in future growth prospects.
- Revenue Increase: The company's revenue rose by 5.2% year-over-year to $16.444 billion, up from $15.638 billion last year, reflecting improved competitiveness and sales capabilities in the market.
- Market Outlook: With both revenue and earnings growth, Performance Food Group solidifies its market position in the food distribution industry, which is expected to attract more investor attention towards its future expansion and development potential.
See More
Performance Food Group Q2 Earnings Miss Expectations
- Earnings Miss: Performance Food Group reported a Q2 Non-GAAP EPS of $0.98, missing expectations by $0.11, indicating pressure on profitability that could undermine investor confidence.
- Revenue Growth Weakness: The company posted revenues of $16.4 billion, a 5.1% year-over-year increase, yet fell short of expectations by $110 million, reflecting the impact of intensified market competition and rising costs on sales.
- Cautious Future Outlook: For Q3 of fiscal 2026, PFG expects net sales to range between $16.0 billion and $16.3 billion, demonstrating a cautious approach to future growth that may affect shareholder confidence.
- EBITDA Guidance Downgrade: PFG has revised its full fiscal year 2026 Adjusted EBITDA expectations to a range of $1.875 billion to $1.975 billion, down from the previous $1.9 billion to $2.0 billion, indicating increasing challenges in maintaining profitability.
See More
Performance Food Group Set to Announce Q2 Earnings on February 4th
- Earnings Announcement: Performance Food Group (PFGC) is set to announce its Q2 2023 earnings on February 4th before market open, with consensus EPS estimates at $1.09, reflecting an 11.2% year-over-year growth, indicating potential improvement in profitability.
- Revenue Expectations: Analysts project PFGC's revenue to reach $16.51 billion, representing a 5.8% year-over-year increase, which underscores the company's stable performance and ongoing sales growth in the competitive food distribution market.
- Historical Performance Review: Over the past two years, PFGC has only beaten EPS estimates 25% of the time, while achieving a 63% success rate in surpassing revenue estimates, indicating relative stability in revenue but greater volatility in profitability.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw no upward revisions and 13 downward adjustments, while revenue estimates experienced 8 upward and 3 downward revisions, suggesting a cautious market outlook regarding the company's future performance.
See More
PFG Appoints Scott McPherson as New CEO, George Holm Transitioning to Executive Chair
- Leadership Transition: Performance Food Group announced that George Holm will transition to Executive Chair on January 1, 2026, while Scott McPherson will succeed him as CEO, marking a strategic leadership handover aimed at sustaining business growth momentum.
- Strategic Planning Implementation: This leadership change is the result of thorough multi-year planning, with Holm successfully guiding PFG from private ownership to a publicly traded company, establishing its leadership position in the U.S. food distribution industry.
- Growth Potential: McPherson emphasized a focus on driving revenue growth by collaborating with existing customers and winning new business, which is expected to further enhance the company's competitive position in the market.
- Cultural Legacy and Innovation: With over 30 years of industry experience, McPherson is committed to maintaining PFG's corporate culture and values, and is expected to drive ongoing improvements in technology investment and operational efficiency.
See More
Performance Food Group Names George Holm as Executive Chair and CEO
Leadership Transition: Performance Food Group Company (PFGC) announced that CEO George Holm will become Executive Chair of the Board of Directors starting January 1, 2026.
New CEO Appointment: Scott McPherson, currently the Chief Operating Officer, will take over as CEO following Holm's transition.
Succession Planning: The leadership change is part of a multi-year succession planning process by the Board, aligning with PFG's strategic goals discussed at the 2025 Investor Day.
Author's Disclaimer: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
See More
