Schedule 1 - Registrant's Condensed Financial Statements

12 Months Ended

Jun. 27, 2026

Condensed Financial Information Disclosure [Abstract]

Schedule 1 - Registrant's Condensed Financial Statements

SCHEDULE 1—Registrant’s Condensed Financial Statements

PERFORMANCE FOOD GROUP COMPANY

Parent Company Only

CONDENSED BALANCE SHEETS


(In millions, except per share data)		As of June 27, 2026				As of June 28, 2025
ASSETS
Investment in wholly owned subsidiary		$	5,029.0			$	4,582.2
Total assets		$	5,029.0			$	4,582.2
LIABILITIES AND SHAREHOLDERS’ EQUITY
Intercompany payable			129.7				109.8
Total liabilities			129.7				109.8
Commitments and contingencies
Shareholders’ equity:
Common Stock
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 156.1 million shares issued and outstanding as of June 27, 2026; 154.9 million shares issued and outstanding as of June 28, 2025			1.6				1.5
Additional paid-in capital			2,899.0				2,831.0
Retained earnings			1,998.7				1,639.9
Total shareholders’ equity			4,899.3				4,472.4
Total liabilities and shareholders’ equity		$	5,029.0			$	4,582.2

See accompanying notes to condensed financial statements.

PERFORMANCE FOOD GROUP COMPANY

Parent Company Only

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME


(In millions)		Fiscal year ended June 27, 2026				Fiscal year ended June 28, 2025				Fiscal year ended June 29, 2024
Operating expenses		$	1.1			$	1.1			$	0.9
Operating loss			(1.1	)			(1.1	)			(0.9	)
Loss before equity in net income of subsidiary			(1.1	)			(1.1	)			(0.9	)
Equity in net income of subsidiary, net of tax			360.4				341.3				436.8
Net income			359.3				340.2				435.9
Other comprehensive loss			(0.5	)			(7.2	)			(10.0	)
Total comprehensive income		$	358.8			$	333.0			$	425.9

See accompanying notes to condensed financial statements.

PERFORMANCE FOOD GROUP COMPANY

Parent Company Only

CONDENSED STATEMENTS OF CASH FLOWS


(In millions)		Fiscal year ended June 27, 2026				Fiscal year ended June 28, 2025				Fiscal year ended June 29, 2024
Cash flows from operating activities:
Net income			359.3			$	340.2			$	435.9
Adjustments to reconcile net income to net cash provided by operating activities
Equity in net income of subsidiary			(360.4	)			(341.3	)			(436.8	)
Changes in operating assets and liabilities, net
Intercompany payables			19.9				8.8				20.2
Net cash provided by operating activities			18.8				7.7				19.3
Cash flows from investing activities:
Capital contribution to subsidiary			(36.9	)			(32.7	)			(15.5	)
Distribution from subsidiary			1.5				57.6				78.1
Net cash (used in) provided by investing activities			(35.4	)			24.9				62.6
Cash flows from financing activities:
Proceeds from exercise of stock options			6.4				11.1				2.2
Proceeds from employee stock purchase plan			36.9				32.7				15.5
Cash paid for shares withheld to cover taxes			(25.2	)			(18.8	)			(21.5	)
Repurchase of common stock			(1.5	)			(57.6	)			(78.1	)
Net cash provided by (used in) financing activities			16.6				(32.6	)			(81.9	)
Net increase in cash and restricted cash			—				—				—
Cash and restricted cash, beginning of period			—				—				—
Cash and restricted cash, end of period		$	—			$	—			$	—

Notes to Condensed Parent Company Only Financial Statements

1.

Description of Performance Food Group Company

Performance Food Group Company (the “Parent”) was incorporated in Delaware on July 23, 2002, to effect the purchase of all the outstanding equity interests of PFGC, Inc. (“PFGC”). The Parent has no significant operations or significant assets or liabilities other than its investment in PFGC. Accordingly, the Parent is dependent upon distributions from PFGC to fund its obligations. However, under the terms of PFGC’s various debt agreements, PFGC’s ability to pay dividends or lend to the Parent is restricted, except that PFGC may pay specified amounts to the Parent to fund the payment of the Parent’s franchise and excise taxes and other fees, taxes, and expenses required to maintain its corporate existence.

2.

Basis of Presentation

The accompanying condensed financial statements (parent company only) include the accounts of the Parent and its investment in PFGC, Inc. accounted for in accordance with the equity method, and do not present the financial statements of the Parent and its subsidiary on a consolidated basis. These parent company only financial statements should be read in conjunction with the Performance Food Group Company consolidated financial statements. The Parent is included in the consolidated federal and certain unitary, consolidated and combined state income tax returns with its subsidiaries. The Parent’s tax balances reflect its share of such filings.