{
  "url": "https://struct.news/briefs/pfgc-sold-more-food-but-its-inventory-grew-faster-than-sales",
  "title": "PFGC sold more food, but its inventory grew faster than sales",
  "summary": "Operating cash flow rose 16.8% as capital spending fell 24.1%, while operating margin stayed at 1.3%.",
  "published_at": "2026-08-12T20:26:44.612221+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Performance Food Group Company",
    "ticker": "PFGC",
    "cik": "1193125",
    "sector": "Consumer Defensive",
    "industry": "Food Distribution"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-12",
    "accession": "0001193125-26-346886",
    "url": "https://www.sec.gov/Archives/edgar/data/1618673/000119312526346886/pfgc-20260627.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-13",
    "url": "https://www.sec.gov/Archives/edgar/data/1618673/000161867325000012/pfgc-20250628.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 63298900000,
      "display": "$63.3B",
      "unit": "usd",
      "period": "2025-06-28",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001193125-26-346886",
        "filing_date": "2026-08-12"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 8.609465831177122,
      "display": "+8.6%",
      "unit": "percent",
      "period": "2025-06-28",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-346886",
        "filing_date": "2026-08-12"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 1.2895958697544507,
      "display": "+1.3%",
      "unit": "percent",
      "period": "2025-06-28",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001193125-26-346886",
        "filing_date": "2026-08-12"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Inventory grew faster than revenue, increasing inventory intensity and creating a larger working-capital balance to compare with future sales.",
      "importance": "medium",
      "evidence": "Inventory built faster than revenue: Inventory growth exceeded revenue growth and inventory intensity increased.",
      "source_date": "2026-08-12"
    },
    {
      "type": "pricing",
      "statement": "Product-cost inflation can pressure margins when customers resist price increases and costs cannot be passed through.",
      "importance": "medium",
      "evidence": "Prolonged periods of product cost inflation also may have a negative impact on our profit margins and earnings to the extent such product cost increases are not passed on to customers because of their resistance to higher prices.",
      "source_date": "2026-08-12"
    },
    {
      "type": "labor_costs",
      "statement": "Higher labor costs at customers could reduce their profitability and demand for PFGC products.",
      "importance": "medium",
      "evidence": "Any increase in their labor costs, including any increases in costs as a result of increases in minimum wage requirements, wage inflation or increased overtime payments as a result of labor shortages, work slowdowns, work interruptions, strikes, or other job actions by employees of customers could reduce the profitability of our customers and reduce demand for our products.",
      "source_date": "2026-08-12"
    }
  ],
  "related_tickers": [
    "PFGC"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}