• Performance Food Group average gross margin for 2023 was 10.94%, a 4.89% increase from 2022.
• Performance Food Group average gross margin for 2022 was 10.43%, a 8.19% increase from 2021.
• Performance Food Group average gross margin for 2021 was 11.36%, a 1.39% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.