Performance Food 8-K Performance Food Group Reports 25% Growth In Operating Profit for Third Quarter 2007

Exhibit 99.1

12500 West Creek Parkway
Richmond, VA 23238
Phone (804) 484-7700
FAX (804) 484-7701

NEWS RELEASE

FOR MORE INFORMATION:
Media Contact:	Investor Contacts:
Cheryl Moore	John Austin	Jeff Fender
Director, Corporate Communications	SVP and CFO	VP and Treasurer
(804) 484-6273	(804) 484-7753	(804) 484-6231

PERFORMANCE FOOD GROUP REPORTS 25% GROWTH
IN OPERATING PROFIT FOR THIRD QUARTER 2007

• Street sales increased approximately 10% over prior year quarter

• Net earnings from continuing operations increased approximately 32% versus prior year quarter to $16.1 million

• Net EPS for the quarter increased to $0.46, including $0.07 per share for certain tax and insurance benefits

RICHMOND, VA. (Nov. 6, 2007)- Performance Food Group Company (Nasdaq/NGS:PFGC) today announced results for the third quarter ended September 29, 2007.

“We had a strong third quarter with continued, sequential improvements in real sales growth and solid increases in operating profit,” commented Steve Spinner, president and chief executive officer of Performance Food Group. “These results reflect the progress we continue to make in our core initiatives to improve productivity and support our long term growth.”

Third Quarter Financial Highlights:

• Consolidated net sales in the third quarter were approximately $1.6 billion, an increase of 10.4% compared to the prior year quarter. Inflation was approximately 5% for the quarter.

• Operating profit in the third quarter was $25.2 million, which was an increase of 25.3% compared to the same quarter in the previous year.

• Net earnings from continuing operations in the third quarter were approximately $16.1 million, which was an increase of 32.1% compared to the same quarter in the previous year.

• Net earnings per share from continuing operations in the third quarter increased 31.4% to $0.46 per share diluted, compared to $0.35 per share diluted from continuing operations in the prior year quarter.

• Results for the quarter included $0.07 per share diluted related to a $1.1 million after tax benefit for insurance recoveries associated with Hurricane Katrina and a

- MORE -

Performance Food Group Reports Third Quarter Earnings
Page 2
November 6, 2007

$1.1 million reduction in income tax expense for the recognition of certain tax benefits due to the expiration of statutes of limitations. The prior year quarter included a $0.01 per share diluted impact ($0.5 million) relating to similar tax benefit recognition.

Year-to-Date Financial Highlights:

• Consolidated net sales were approximately $4.7 billion, an increase of 7.5% as compared to the same period in 2006. Inflation was approximately 4% year-to-date.

• Operating profit was $61.1 million, an increase of 16.6% compared to the same period in 2006.

• Net earnings from continuing operations were $36.0 million, an increase of 20.0% as compared to the same period in 2006.

• Net earnings per share diluted from continuing operations were $1.03, an increase of 19.8% as compared to the same period in 2006. The 2007 year included $0.07 per share for the previously detailed tax and insurance benefits compared to $0.01 for the 2006 year.

“In our customized segment, net sales increased 8.4% in the third quarter and 4.9% year-to-date, as compared to the same periods in the prior year. Inflation was approximately 2% for the quarter and 1% for the year,” added Mr. Spinner. “Our customized distribution segment continued its strong performance, and we anticipate that sales will accelerate in the remainder of the year as we complete the rollout of the O’Charley’s business.

“In the broadline segment, our net sales increased 11.8% for the quarter and 9.2% year-to-date as compared to the same periods in the prior year. Our sales force continues to drive higher margin street sales which increased 9.7% in the third quarter versus the same quarter in 2006. We have now had sequential improvements in real sales growth in our broadline segment for five consecutive quarters. Inflation amounted to approximately 7% for both the quarter and year-to-date periods, primarily due to inflationary trends in dairy and poultry.”

Mr. Spinner concluded, “We are extremely pleased with our results for the third quarter. We continue to make capital investments in our business, including replacement facilities in Springfield, MA and Cairo, GA, as well as investments in information technology. Performance Food Group remains committed to driving improvements throughout our business that we believe will continue to build the foundation for our company’s long-term success.”

Given current operating trends, the challenging economic environment, and the anticipated start-up costs associated with the roll-out of the O’Charley’s business, we anticipate net earnings per share from continuing operations to be in the range of $1.42 to $1.46 per share diluted for the full year 2007.”

- MORE -

Performance Food Group Reports Third Quarter Earnings
Page 3
November 6, 2007

Performance Food Group markets and distributes more than 68,000 national and private label food and food-related products to over 41,000 restaurants, hotels, cafeterias, schools, healthcare facilities and other institutions. For more information on Performance Food Group, visitwww.pfgc.com.

     Certain statements made herein are forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on current expectations and management’s estimates; actual results may differ materially. The risks and uncertainties which could impact these statements include, but are not limited to, general economic conditions, including consumer spending trends; the Company’s ability to achieve projected operational efficiencies and increase sales, particularly higher margin street sales; the Company’s ability to add new customers, particularly in its customized segment; the relatively low margins and economic sensitivity of the foodservice business; the Company’s reliance on major customers; the ability to identify and successfully complete acquisitions of other foodservice distributors; the Company’s ability to successfully develop, produce and market new products and management of the Company’s planned growth, all as detailed from time to time in the reports filed by the Company with the Securities and Exchange Commission.

- MORE -

Performance Food Group Reports Third Quarter Earnings
Page 4
November 6, 2007

Performance Food Group Company
Condensed Consolidated Balance Sheet (Unaudited)
September 29, 2007
(In thousands)

	Sept. 29, 2007		Dec. 30, 2006
Assets
Cash and cash equivalents	$	97,524	$	75,087
Accounts and notes receivable, net, including retained interest in securitized receivables		224,840		226,058
Inventories		343,468		308,901
Other current assets		36,598		35,419
Total current assets		702,430		645,465
Property, plant and equipment, net		309,103		291,947
Goodwill, net		356,509		356,509
Other intangible assets, net		45,040		47,575
Other assets		19,846		18,279
Total assets	$	1,432,928	$	1,359,775
Liabilities and Shareholders’ Equity
Checks in excess of deposits	$	96,363	$	88,023
Trade accounts payable		291,538		269,590
Current installments of long-term debt		63		583
Other current liabilities		138,533		146,524
Total current liabilities		526,497		504,720
Long-term debt, excluding current installments		9,546		11,664
Deferred income taxes		53,301		48,582
Shareholders’ equity		843,584		794,809
Total liabilities and shareholders’ equity	$	1,432,928	$	1,359,775

 - MORE -

Performance Food Group Reports Third Quarter Earnings
Page 5
November 6, 2007

Performance Food Group Company
Condensed Consolidated Income Statement (Unaudited)
September 29, 2007
(In thousands, except net earnings per common share)

	Three Months Ended										Nine Months Ended
	Sept. 29, 2007					Sept. 30, 2006					Sept. 29, 2007					Sept. 30, 2006
Net sales	$	1,578,888		100.0	%	$	1,429,765		100.0	%	$	4,673,285		100.0	%	$	4,347,285		100.0	%
Cost of goods sold		1,370,975		86.8	%		1,235,412		86.4	%		4,063,438		87.0	%		3,772,475		86.8	%
Gross profit		207,913		13.2	%		194,353		13.6	%		609,847		13.0	%		574,810		13.2	%
Operating expenses		182,717		11.6	%		174,242		12.2	%		548,766		11.7	%		522,447		12.0	%
Operating profit		25,196		1.6	%		20,111		1.4	%		61,081		1.3	%		52,363		1.2	%
Other income (expense):
Interest income		973					818					2,676					1,680
Interest expense		(521	)				(394	)				(1,620	)				(1,118	)
Loss on sale of receivables		(1,964	)				(1,903	)				(5,712	)				(5,402	)
Other, net		57					121					136					274
Other expense, net		(1,455	)	-0.1	%		(1,358	)	-0.1	%		(4,520	)	-0.1	%		(4,566	)	-0.1	%
Earnings before income taxes from continuing operations		23,741		1.5	%		18,753		1.3	%		56,561		1.2	%		47,797		1.1	%
Income taxes		7,660		0.5	%		6,578		0.4	%		20,526		0.4	%		17,780		0.4	%
Earnings from continuing operations, net of tax		16,081		1.0	%		12,175		0.9	%		36,035		0.8	%		30,017		0.7	%
Loss from discontinued operations, net of tax		(44	)				(132	)				(238	)				(150	)
Net earnings	$	16,037				$	12,043				$	35,797				$	29,867
Weighted average common shares outstanding:
Basic		34,843					34,369					34,707					34,322
Diluted		35,230					34,624					35,150					34,780
Earnings per common share:
Basic net earnings (loss) per common share:
Continuing operations	$	0.46				$	0.35				$	1.04				$	0.87
Discontinued operations		—					—					(0.01	)				—
Net earnings	$	0.46				$	0.35				$	1.03				$	0.87
Diluted net earnings (loss) per common share:
Continuing operations	$	0.46				$	0.35				$	1.03				$	0.86
Discontinued operations		—					—					(0.01	)				—
Net earnings	$	0.46				$	0.35				$	1.02				$	0.86

- MORE -

Performance Food Group Reports Third Quarter Earnings
Page 6
November 6, 2007

Performance Food Group Company

2007 Compared to 2006
Third Quarter
Segment Disclosure

							Corporate &			Total Continuing
2007	Broadline			Customized			Intersegment			Operations
Third Quarter
Net external sales	$	966,211		$	612,677		$	—		$	1,578,888
Intersegment sales		299			52			(351	)		—
Total sales		966,510			612,729			(351	)		1,578,888
Operating profit		23,041			8,403			(6,248	)		25,196
Operating profit margin		2.38	%		1.37	%		—			1.60	%
Interest expense (income)		2,554			1,291			(4,297	)		(452	)
Loss (gain) on sale of receivables		2,883			740			(1,659	)		1,964
Depreciation		4,789			1,749			65			6,603
Amortization		728			—			—			728
Capital expenditures		26,353			4,301			46			30,700

							Corporate &			Total Continuing
2006	Broadline			Customized			Intersegment			Operations
Third Quarter
Net external sales	$	864,516		$	565,249		$	—		$	1,429,765
Intersegment sales		129			47			(176	)		—
Total sales		864,645			565,296			(176	)		1,429,765
Operating profit		18,558			7,125			(5,572	)		20,111
Operating profit margin		2.15	%		1.26	%		—			1.41	%
Interest expense (income)		5,929			1,496			(7,849	)		(424	)
Loss (gain) on sale of receivables		2,977			745			(1,819	)		1,903
Depreciation		4,818			1,580			68			6,466
Amortization		817			—			—			817
Capital expenditures		7,955			1,023			20			8,998

Total assets by reportable segment and a reconciliation to the condensed consolidated balance sheets were as follows:

	Sept. 29, 2007		Dec. 30, 2006
Broadline	$	935,899	$	901,752
Customized		271,939		261,975
Corporate & Intersegment		225,090		196,048
Total assets	$	1,432,928	$	1,359,775

- MORE -

Performance Food Group Reports Third Quarter Earnings
Page 7
November 6, 2007

Performance Food Group Company

2007 Compared to 2006
Nine Months YTD
Segment Disclosure

							Corporate &			Total Continuing
2007	Broadline			Customized			Intersegment			Operations
Nine Months YTD
Net external sales	$	2,835,812		$	1,837,473		$	—		$	4,673,285
Intersegment sales		931			150			(1,081	)		—
Total sales		2,836,743			1,837,623			(1,081	)		4,673,285
Operating profit		57,221			25,250			(21,390	)		61,081
Operating profit margin		2.02	%		1.37	%		—			1.31	%
Interest expense (income)		4,317			3,709			(9,082	)		(1,056	)
Loss (gain) on sale of receivables		8,329			2,414			(5,031	)		5,712
Depreciation		14,596			5,069			195			19,860
Amortization		2,289			—			—			2,289
Capital expenditures		42,677			9,734			93			52,504

							Corporate &			Total Continuing
2006	Broadline			Customized			Intersegment			Operations
Nine Months YTD
Net external sales	$	2,596,465		$	1,750,820		$	—		$	4,347,285
Intersegment sales		398			167			(565	)		—
Total sales		2,596,863			1,750,987			(565	)		4,347,285
Operating profit		49,884			22,889			(20,410	)		52,363
Operating profit margin		1.92	%		1.31	%		—			1.20	%
Interest expense (income)		16,816			4,455			(21,833	)		(562	)
Loss (gain) on sale of receivables		7,988			2,304			(4,890	)		5,402
Depreciation		13,840			4,709			227			18,776
Amortization		2,523			—			—			2,523
Capital expenditures		30,610			3,656			233			34,499

Total assets by reportable segment and a reconciliation to the condensed consolidated balance sheets were as follows:

	Sept. 29, 2007		Dec. 30, 2006
Broadline	$	935,899	$	901,752
Customized		271,939		261,975
Corporate & Intersegment		225,090		196,048
Total assets	$	1,432,928	$	1,359,775