Performance Food Group Company (NYSE:PFGC) Q4 2022 Earnings Conference Call August 17, 2022 9:00 AM ET

Company Participants

Bill Marshall - Vice President, Investor Relations

George Holm - Chief Executive Officer

Jim Hope - Chief Financial Officer

Patrick Hatcher - President and Chief Operating Officer, Vistar

Conference Call Participants

Edward Kelly - Wells Fargo

Alex Slagle - Jefferies

Jake Bartlett - Truist Securities

Mark Carden - UBS

John Heinbockel - Guggenheim Partners

John Glass - Morgan Stanley

Fred Wightman - Wolfe Research

Jeffrey Bernstein - Barclays

Peter Saleh - BTIG

Andrew Wolf - C.L. King

Kelly Bania - BMO Capital

Operator

Good day and welcome to the PFG’s Fiscal Year Q4 2022 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Bill Marshall, Vice President, Investor Relations for PFG. Please go ahead, sir.

Bill Marshall

Thank you and good morning. We are here with George Holm, PFG’s CEO; Jim Hope, PFG’s CFO; and Patrick Hatcher, Vistar President and Chief Operating Officer. We issued a press release regarding our 2022 fiscal fourth quarter and full year results this morning, which can be found in the Investor Relations section of our website at pfgc.com.

During our call today, unless otherwise stated, we are comparing results to the same period in our 2021 fiscal fourth quarter and full year. As a reminder, in the second quarter, we changed our operating segments to reflect how we manage the business. Amounts for the 2021 fiscal fourth quarter and full year have been restated to reflect the segment changes. The results discussed on this call will include GAAP and non-GAAP results adjusted for certain items. The reconciliation of these non-GAAP measures to the corresponding GAAP measures can be found at the back of the earnings release. Our remarks on this call and in the earnings release contain forward-looking statements and projections of future results. Please review the cautionary forward-looking statements section in today’s earnings release and our SEC filings for various factors that could cause our actual results to differ materially from our forward-looking statements and projections.

Now, I’d like to turn the call over to George.

George Holm

Thanks, Bill. Good morning, everyone and thank you for joining our call today. I am excited to share our results for the 2022 fiscal fourth quarter and discuss some of the recent trends we have observed in the market. It is a dynamic time for our industry and economy, but we believe we are very well positioned to continue to produce strong results and maintain the momentum we saw as we closed out the fiscal year. Our organization is operating at a high level and the dedication of our workforce has made this performance possible.