Exchange: NYSE·Updated 07:30 PM EDT
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PFGC Performance Food Group Company

$94.88
$0.16
(0.17%)
Today
Closed $94.88
$0.00
(0.00%)
After Hours
EarningsNov 4
Mkt Cap$14.95B
Vol912,424.00

About PFGC

Performance Food Group Co. engages in the marketing and distribution of food and food-related products. It operates through the following segments: Foodservice, Convenience, and Specialty. The Foodservice segment markets and distributes food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations. The Convenience segment distributes candy, snacks, beverages, cigarettes, other nicotine products, food and foodservice-related products, and other items to convenience stores across North America. The Specialty segment distributes candy, snacks, beverages, and other food items nationally to vending, office coffee service, theater, retail, and other channels. The company was founded in 1987 and is headquartered in Richmond, VA.
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Moody’s Ratings upgraded Performance Food Group’s senior unsecured notes to Ba3 from B1 while affirming the company’s Ba2 corporate family rating and Ba2-PD probability of default rating. The speculative-grade liquidity rating remains SGL-2 with a stable outlook. The upgrade reflects the significant repayment of borrowings under Performance Food’s asset-based revolving credit facility, which improves expected recovery rates for unsecured bondholders. Moody’s also cited solid operating performance and lower leverage following the 2024 acquisition of Cheney Brothers. In fiscal 2026, revenue grew across all three segments, supported by market-share gains, including approximately 5.9% independent-case growth in Foodservice. Adjusted EBITDA also increased, helped by margin expansion and sourcing initiatives. Moody’s-adjusted debt/EBITDA fell to 4.1x from 4.6x, while EBITA/interest coverage stood at 2.6x. $PFGC

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