Performance Food Group Company (NYSE:PFGC) Q2 2024 Earnings Call Transcript

George Holm: Well, we have eight distribution centers, which are strictly restaurant chain distribution centers.

John Heinbockel: Yes.

George Holm: So, they’re not going to put out, those kind of profitability. We know the business. We know what the profit levels are. We make acquisitions. Where we are full broad line Company, we have very good EBITDA margins. Where we are not, and we have a blend of chain business, and we have a large volume of cheese business, which comes with high $70s, $80s, sometimes over a $100 cases, you’re not going to make those kind of margins. But for us, I think the biggest thing to follow with us is that, we’re going to continue to lower EBITDA margins within that business, particularly, where it’s a broad line facility, and we’re going to continue to invest like we have invested not to the degree we have lately, and we just felt like we were going to get our independent growth back up to where it was pre-COVID, and we were going to invest against that and make sure that we got that done.

And I see our Foodservice business getting, as far as a return on sales, getting more and more profitable.

John Heinbockel: Thank you.

George Holm: Thanks, John.

Operator: And we have no further questions in the queue. That will conclude our Q&A session for the day. And, I will turn it back over to, Bill Marshall for closing comments.

William S. Marshall: Thank you for joining our call today. If you have any follow-up questions, please contact us in Investor Relations.

Operator: Thank you. That does conclude today’s teleconference. Thank you for your participation. You may now disconnect.