Skip to Content

Performance Food Group Co PFGC Stock Quote

| Rating as of

Morningstar‘s Stock Analysis PFGC

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

No-Moat Performance Food Group Is Managing Through Pandemic Aftershocks Relatively Well

Rebecca Scheuneman, CFA Senior Equity Analyst

Business Strategy and Outlook

| Rebecca Scheuneman, CFA |

COVID-19 caused an unprecedented shock to the food-service industry, although Performance Food Group's, PFG's, high mix of delivery-heavy pizzerias helped damp the impact, with PFG returning to prepandemic sales levels by April 2021. Product and labor shortages remain a problem, and we think the firm is gaining market share as a result, as its clout as the third-largest U.S. food-service distributor likely allows it to more easily secure product than its smaller competitors.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics PFGC

Company Profile PFGC

Business Description

Performance Food Group is the third-largest U.S. food-service distributor, with 9% market share and a heavy presence along the Eastern seaboard, the Southeast, and the Midwest. PFG’s food-service business (expected to be 51% of fiscal 2022 sales) has its largest exposure to national and regional restaurant chains (50% of segment revenue), followed by independent restaurants (36%) and other channels (15%) such as healthcare facilities, hotels, and schools. The firm’s Vistar business (49% of sales) is a national distributor of candy, snacks, and beverages to convenience stores, vending and office coffee service distributors, theaters, sporting arenas, and correctional facilities.

Contact
12500 West Creek Parkway
Richmond, VA, 23238
T +1 804 484-7700
Industry Food Distribution
Most Recent Earnings Jun 30, 2022
Fiscal Year End Jul 2, 2023
Employees 35,000