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Performance Food Group Co. released its first-quarter earnings report for fiscal 2017. For the quarter ended Oct. 1, the company reported net income of $12.2 million, flat compared to the same quarter a year ago. Gross profit climbed 6.3% to $561.3 million from the year-ago period, while operating...
The Chefs’ Warehouse Inc. released its earnings report for the third quarter of 2016. For the period ended Sept. 23, the company reported net income of $1.3 million, down from $5.2 million in the same period last year. Gross profit climbed 5.7% to $74.4 million from the year-ago period, while...
US Foods Holding Corp. released its earnings report for the third quarter of 2016. For the period ended Oct. 1, the company reported net income of $133 million, up from $5 million in the comparable period last year. Gross profit climbed 2.0% to $1 billion, compared to last year’s results,...
Sysco Corp. released its first-quarter earnings report for 2016. For the period ended Oct. 1, net income climbed 32.5% to $323.9 million from $244.4 million in the comparable period a year ago. Gross profit grew 20.3% to $2.7 billion from the year-ago period, while operating expenses increased 21.8...
Gordon Food Service opened a new concept store under the Gordon Restaurant Market banner. The 40,000-square-foot store in Buffalo also marks the company’s first store location in New York. Gordon Restaurant Market is open to foodservice professionals and requires a no-cost membership. GFS...
Golden State Foods subsidiary Quality Custom Distribution has purchased the assets of Mile Hi Specialty Foods. The acquired business will operate as QCD Rocky Mountain. Terms for the deal were not disclosed. QCD Rocky Mountain will service more than 900 restaurants in the North Central U.S.,...
Ben E. Keith Co. acquired MenuMax, a recipe and menu management software company that provides solutions for the foodservice industry. Terms for the deal were not disclosed. MenuMax’s fully automated cloud-based recipe and menu management system assists in organizing and planning menus;...
By: Christine Lavelle SCOTTSDALE, ARIZ. – 'The time is now' to get on board with the industry's supply-chain traceability effort, the Foodservice GS1 US Standards Initiative. That message was delivered to manufacturers and distributors attending an update session at the 54th...
Sysco Corp. co-founder Herbert Irving passed away Oct. 3 at the age of 93. Irving was the last surviving founder of the company, which was formed in 1969 by the owners of 12 different operations. Irving helped launch Sysco by backing a $500,000 loan to get the business started, and eventually...
US Foods has acquired Save On Seafood, a seafood processor and distributor based in St. Petersburg, Fla. Terms of the deal were not disclosed. Save On Seafood provides fresh and frozen seafood to restaurants and grocery stores throughout the Southeast. US Foods will operate the business as part of...
(November 1, 2016)—Reinhart Foodservice has agreed to acquire Black River Produce from Earth Brothers Ltd. for an undisclosed sum. Vermont-based Black River is a multiregional distributor serving more than 2,000 accounts throughout Vermont, New Hampshire, Massachusetts, Connecticut, Maine,...