Performance Food Group Company (PFGC) 2017年年度报告「NYSE」.pdf

1、PFG 2017 Annual Report /Andra Design LLC /Wednesday,August 23,2017 6:12500 West Creek Parkway,Richmond,VA 232382017 Annual ReportPerformance Food Group 2017 Annual ReportPFG 2017 Annual Report /Andra Design LLC /Wednesday,August 23,2017 6:00pmFiscal 2017 was a year of making strategic growth investm

2、ents to fuel future growth.Our teams strong execution enabled us to generate industry-leading case growth of 4.1%,and we continued to gain market share.Excluding the extra week in the prior year,case volume for fiscal 2017 increased 6.2%.We generated record net sales of$16.8 billion and gross profit

3、 of$2.1 billion.Gross profit dollar growth of 5.7%outpaced our case growth as we improved our mix of sales across customers,sales channels and products.Excluding the extra week in the prior year,gross profit for fiscal 2017 increased 7.9%.Our operating margins improved throughout the year due to the

4、 benefits of improved mix and operating leverage.The strategic investments we made earlier in the year began to pay dividends in the second half of fiscal 2017 as evidenced by the consistent improvement in our rate of growth as we progressed through fiscal 2017 to report a 6.6%adjusted EBITDA increa

5、se for the year or 9.0%excluding the extra week in the prior year.Key Fiscal 2017 Highlights Include:n We grew our Performance brands by nearly 10%.Case growth to independent street customers was 6.9%,which excludes the extra week;n Case volume growth reflected new and expanding business with indepe

6、ndent customers in the Performance Foodservice segment and broad-based growth in Vistars sales channels;n We raised our gross profit per case and increased our gross profit margins;n We completed seven acquisitions across the company;andn Our net income growth of 45.5%and Adjusted EBITDA growth of 9