04:40 PM EDT, 10/08/2024 (MT Newswires) -- Performance Food Group ( PFGC ) said Tuesday it completed the acquisition of Cheney Bros., a food service distributor in Riviera Beach, Florida, and now expects higher net sales in fiscal 2025.

The company said it has raised its fiscal 2025 net sales outlook to $62.5 billion to $63.5 billion from an earlier estimate of $60 billion to $61 billion. Analysts polled by Capital IQ expected $60.48 billion.

The guidance includes the impact of Cheney starting Oct. 8.

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