Performance Food Group and US Foods have ended talks to create the largest domestic foodservice company and one of the nation’s largest private fleets. A combined entity would have had over $100 billion in annual net sales and a market capitalization over $30 billion. However, both companies will pursue their standalone strategic plans. PFG reaffirmed its full-year fiscal 2026 guidance. US Foods reiterated its fiscal 2025 outlook and announced a new share repurchase agreement. The decision to end talks was made in the best interest of US Foods and its shareholders.

Read more at Yahoo Finance: Performance Food Group, US Foods end merger talks