Performance Food Group (PFG) isn’t a household name, but it’s one of the largest engines behind America’s food supply chain — the company that delivers the groceries, paper goods, and proteins to the very restaurants, schools, and institutions that feed you and your friends and family every single day.
Headquartered in Richmond, Virginia, PFG operates more than 150 distribution facilities across the country and serves over 300,000 customer locations. On paper, it’s just another food service company. In practice, it’s one of the most powerful middlemen in the American food economy. This is a true giant in the supply chain, and they just took us all on a $37 billion dollar ride since Covid.
Here’s where it gets jaw-dropping.
In 2020, PFG reported revenues of $25.1 billion — already a significant footprint.
By 2024, that number had exploded to $62.3 billion. There’s the $37 BIL joyride.
That’s not a recovery. That’s TRIPLE – an astonishing 148% increase in just four years.
Let’s repeat that: while consumers were told the food system was “strained,” that increasing minimum wages were to blame, along with inflation, small restaurants and local or state public food entities were being crushed under higher prices, one of their biggest suppliers more than doubled its revenue.
Even more stunning? Diesel prices — the favorite scapegoat of every logistics executive — peaked in 2022 and have since fallen sharply –– yet, PFG’s revenues kept soaring.
So, the question is simple:
If fuel costs went down, why didn’t your grocery and restaurant bills?
It gets even stickier – PFG and US FOODS are in talks ABOUT A MERGER. In mid-September 2025, PFG announced that it agreed to share confidential financial information with US Foods under a “clean team” process — a common early step in merger talks.
Trust us – there ain’t nothin’ “clean” about any of this.
- PFG’s corporate headquarters can be reached at (804) 484-7700. The company’s CEO is George Holm.
- US FOODS – primary phone number is (847) 720-8000. Their CEO is David Flitman.
Call. Ask. Demand answers. This is utter nonsense. Is it legalized theft? It certainly smacks of profit-gouging all the same and PFG and the others in the supply chain (we have reason to believe) are collectively agreeing behind closed doors and in secret conference, to raise prices as they have done thus far and the hell with YOU. And now…a merger?
The problem? No one is monitoring or punishing them. Call the FTC and let them know. Show them this story, the US FOODS story and the SYSCO story. The FTCs phone number is 1-877-FTC-HELP (1-877-382-4357) or (202) 326-2222.
If you want to write? We always email them at ‘[email protected]’ because we’re media. The consumer complaint email address is ‘FTC.gov/complaint’.
Call them and tell them you’d like to know how a company that claims to be battling inflation managed to grow its income faster than any major restaurant supplier in the country.
Friends, this isn’t speculation — all this data is straight from their own filings, their own books.
Until regulators and the media start holding these corporations accountable, it’s up to consumers to connect the dots.
You’re paying more. They’re making BILLIONS more. That’s not “inflation.” It’s exploitation. And until we all demand change — the real price on your dinner plate will keep rising.
Call good ol’ George Holm and tell him what you think. Then drop a dime to the FTC. They’ll appreciate your call.
-Miles Kincaid, Senior Food Industry Analyst
Sources/Images: PFG Annual Reports (2020-2024), Edgar Online/SEC Filings, U.S. Environmental Information Administration, Blue Book Services
https://shorturl.fm/P54kR