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Performance Food Group Reports Strong Financial Performance with Net Income of $150.1 Million in Q2 2023

Performance Food Group Reports Strong Financial Performance with Net Income of $150.1 Million in Q2 2023

Company's Q2 2023 Revenue Reaches $14.9 Billion, Reflecting Steady Growth

By USInMinutes
Published - Aug 16, 2023, 09:06 AM ET
Last Updated - Aug 16, 2023, 09:06 AM EDT

Performance Food Group Company,(PFGC) a leading distributor of food and re lated products, has released its consolidated financial statements for the second quarter of 2023. The company has reported robust financial performance, marked by substantial growth in both net income and revenue. The financial data reveals the company's continued expansion and its ability to navigate market challenges effectively.

Net Income Surges to $150.1 Million

In the three months ended July 1, 2023, Performance Food Group Company achieved a significant milestone by recording a net income of $150.1 million. This figure represents a notable increase compared to the same period last year when the net income stood at $76.0 million. This surge in net income reflects the company's effective cost management strategies, operational efficiency, and sustained customer demand.

Revenue Reaches $14.9 Billion

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