Why Performance Food Group (PFGC) Is Up 8.7% After Raising Sales, Earnings And Refinancing 2027 Debt
Performance Food Group (PFGC) saw an 8.7% increase after reporting higher quarterly and six-month sales and earnings, and refinancing its 2027 debt with new 2034 debt. The company attributed profit pressure to Cheney Brothers integration costs, category deflation, and elevated facility expenses. Despite these challenges, management reaffirmed a robust M&A pipeline, indicating continued acquisition-driven expansion, even as it evaluates new deals and faces potential increases in leverage and integration complexity.
Assessing Performance Food Group’s Valuation After Profit Miss And Ongoing Integration Headwinds
Performance Food Group (PFGC) recently reported a quarterly profit miss due to integration costs and deflation, despite revenue growth. The stock has seen positive year-to-date and one-year returns, and analysts view it as undervalued with a fair value of $117.46, suggesting a 19.8% discount from its current trading price. However, its high P/E ratio of 44.6x, almost double the industry average, warrants caution despite the intrinsic valuation.
Latham & Watkins Advises on Performance Food Group Company’s US$1.06 Billion Senior Notes Offering
Latham & Watkins LLP advised the initial purchasers in Performance Food Group Company's (PFG) offering of US$1.06 billion aggregate principal amount of 5.625% Senior Notes due 2034. PFG intends to use the net proceeds, along with borrowings under its revolving credit facility, to redeem its outstanding 5.500% Senior Notes due 2027. The transaction involved a multidisciplinary team from Latham & Watkins.
Latham & Watkins Advises on Performance Food Group Company’s US$1.06 Billion Senior Notes Offering
Latham & Watkins LLP advised the underwriters in Performance Food Group Company's (PFG) offering of US$1.06 billion aggregate principal amount of 5.625% Senior Notes due 2034. PFG intends to use the net proceeds, along with borrowings from its revolving credit facility, to redeem its outstanding 5.500% Senior Notes due 2027. The transaction involved a multidisciplinary team from Latham & Watkins covering capital markets, ERISA, FDA regulatory, and tax matters.
Performance Food Group stock steadies near $98 after an 8% surge — here’s what Wall Street is watching
Performance Food Group (PFGC) shares maintained steady ground near $98 after an 8% surge, driven by renewed investor interest in food distributors following US Foods' strong Q4 report. The company is actively working on a $1.06 billion debt refinancing, issuing 5.625% senior notes due 2034, which is expected to close next week. Despite positive Q2 fiscal results, PFG faces ongoing challenges from volatile commodity prices and slim profit margins within the food distribution sector.
Why Performance Food Group (PFGC) Is Up 8.7% After Raising Sales, Earnings And Refinancing 2027 Debt
Performance Food Group (PFGC) saw an 8.7% stock increase after reporting higher quarterly and six-month sales and earnings, narrowing its full-year sales guidance, and announcing the refinancing of its 2027 debt with new 2034 debt. The company attributed profit pressures to higher Cheney Brothers integration costs, category deflation, and elevated facility expenses, yet confirmed its commitment to acquisition-driven expansion with a "robust" M&A pipeline. The article highlights that while growth is projected, investors need to consider ongoing integration complexities, leverage, and interest rate changes.
Performance Food Group Co (PFGC) Stock Price Up 5.99% on Feb 12
Performance Food Group Co (PFGC) saw its stock price surge by 5.99% on February 12, reaching an intraday high of $95.75 before closing at $95.68. This places PFGC 12.26% below its 52-week high and 39.89% above its 52-week low. Wall Street analysts forecast an average target price of $117.22, suggesting a 22.51% upside, while GuruFocus's GF Value estimates a 5.99% downside from the current price.
Performance Food Group settles 2-year lease dispute with Henrico landlord
Performance Food Group has settled a two-year lease dispute with its Henrico landlord, Ranco-Ric LLC, regarding its 332,000-square-foot facility at 7420 Ranco Road. The legal battle ended in mid-January with a confidential settlement, though PFG appeared to still be operating at the location. The dispute arose over alleged lease violations by PFG concerning property disrepair and Ranco's claim that PFG waived its renewal rights by indicating plans to relocate.
5 Must-Read Analyst Questions From Performance Food Group's Q4 Earnings Call
Performance Food Group's Q4 earnings fell short of profit expectations despite meeting revenue consensus, largely due to higher integration costs from the Cheney Brothers acquisition and commodity deflation. Analysts questioned management on organic growth targets, elevated operating expenses, procurement initiatives, and the primary drivers of EBITDA underperformance. The company reconfirmed revenue guidance but adjusted EBITDA guidance below analyst estimates, with future performance depending on integration cost reduction and continued market share gains.
UBS Lowers PT on Performance Food Group (PFGC) Stock
UBS has lowered its price target for Performance Food Group (PFGC) to $108 from $120, while maintaining a "Buy" rating, citing that the company's growth outlook remains intact despite profitability impacts. The company recently reported strong Q2 2026 results, with net sales increasing by 5.2% year-over-year to $16.4 billion and net income rising to $61.7 million, primarily driven by higher case volumes and selling prices. Performance Food Group, which distributes food and related products, anticipates Q3 2026 net sales to be between $16.0 billion and $16.3 billion.
US Foods (USFD) Reports Q4: Everything You Need To Know Ahead Of Earnings
US Foods (USFD) is set to report its Q4 earnings on Thursday. Analysts anticipate a 4.3% year-on-year revenue growth to $9.90 billion and adjusted earnings of $1.01 per share. The company's stock is up 17.3% over the last month, heading into earnings with an average analyst price target of $91.63.
Performance Food Group Company's (NYSE:PFGC) P/E Is On The Mark
Performance Food Group Company currently has a high P/E ratio of 41.8x, significantly above the U.S. market average. This elevated P/E is justified by analysts' strong growth forecasts, predicting 43% annual earnings growth over the next three years, compared to the market's 12%. Despite a recent 12% earnings decrease, the company's P/E reflects investor confidence in its future prosperity.
UBS Lowers PT on Performance Food Group (PFGC) Stock
UBS has lowered its price target on Performance Food Group (PFGC) stock to $108 from $120, while maintaining a "Buy" rating. This decision follows the company's Q2 2026 and H1 2026 results, which showed a 3.4% YoY rise in total case volume and a 5.2% YoY increase in net sales to $16.4 billion. Despite the lower price target, analysts believe the company's growth outlook remains intact.
Performance Food Group Company Announces Intention to offer $1.06 billion of Senior Notes
Performance Food Group Company (PFG) announced its indirect wholly-owned subsidiary intends to offer $1.06 billion in Senior Notes due 2034. PFG plans to use the net proceeds, along with borrowings from its revolving credit facility, to redeem its outstanding 5.500% Senior Notes due 2027. The notes will be guaranteed by PFGC, Inc. and its material domestic restricted subsidiaries, and will be offered to qualified institutional buyers and non-U.S. persons.
Performance Food Group (PFGC) Prices $1.06 Billion Senior Notes Offering
Performance Food Group Company (PFGC) has successfully priced an offering of $1.06 billion in 5.625% senior notes maturing in 2034. The proceeds, along with credit facility borrowings, will be used to redeem existing notes due in 2027 and cover associated costs. With a strong market capitalization and robust financial performance, the company operates in the Retail - Defensive industry, though its P/E ratio suggests a potentially overvalued stock.
Performance Food Group Prices New Senior Notes Offering
Performance Food Group (PFGC) has priced a new offering of $1.06 billion in 5.625% senior notes due 2034, which is expected to close on February 19, 2026. The proceeds, combined with revolving credit facility borrowings, will be used to redeem existing 5.500% senior notes due 2027, thereby extending debt maturities and refining the company's capital structure. This move aims to improve balance sheet flexibility in the tight-margin food distribution industry.
Performance Food Group Company announces pricing of offering of $1.06 billion of 5.625% senior notes due 2034
Performance Food Group Company has announced the pricing of its offering of $1.06 billion of 5.625% senior notes, which are due in 2034. This news impacts the company's financial structure and potentially its future growth strategies. The announcement comes amidst other recent news regarding the company's financial outlook, analyst ratings, and executive changes.
Performance Food Group stock rises after pricing $1.06 billion in senior notes
Performance Food Group Co (NYSE:PFGC) saw its stock increase by 2% after announcing the pricing of a $1.06 billion offering of 5.625% Senior Notes due 2034. The company plans to use the net proceeds, along with revolving credit, to redeem its outstanding 5.500% Senior Notes due 2027 and cover associated transaction expenses. The offering is expected to close on February 19, 2026.
PFG Eyes Acquisitions, Builds War Chest After Merger Fails
Performance Food Group (PFG) is actively seeking new acquisitions after its proposed merger with US Foods collapsed. The company reported a significant increase in profit and free cash flow in its fiscal Q2 2026, strengthening its financial position for future deals. CEO Scott McPherson emphasized PFG's strategic focus on growth through M&A and expanding market share, with former CEO George Holm continuing to play a key role in identifying acquisition opportunities.
Performance Food Group Company Announces Intention to offer $1.06 billion of Senior Notes
Performance Food Group Company (PFG) announced its indirect wholly-owned subsidiary intends to offer $1.06 billion in Senior Notes due 2034. PFG plans to use the net proceeds, along with revolving credit facility borrowings, to redeem its outstanding 5.500% Senior Notes due 2027. The notes will be offered to qualified institutional buyers and non-U.S. persons pursuant to Rule 144A and Regulation S, respectively.
Performance Food Group Company Announces Pricing of Offering of $1.06 billion of 5.625% Senior Notes due 2034
Performance Food Group Company (PFGC) announced the pricing of a $1.06 billion offering of 5.625% Senior Notes due 2034. The company intends to use the net proceeds, along with revolving credit facility borrowings, to redeem its outstanding 5.500% Senior Notes due 2027. The notes will be guaranteed by PFGC, Inc. and its material wholly-owned domestic restricted subsidiaries and will be offered to qualified institutional buyers and non-U.S. persons.
Performance Food Group Company Announces Intention To Offer $1.06 Billion Of Senior Notes
Performance Food Group Company has announced its intention to offer $1.06 billion of senior notes. This news indicates the company is looking to raise capital through debt financing. The article provides a brief notice from Reuters regarding this financial move.
Performance Food Group plans $1.06B bond sale to refinance 5.5% 2027 debt
Performance Food Group (PFG) announced its intention to offer $1.06 billion in Senior Notes due 2034. The company plans to use the proceeds, combined with borrowings from its revolving credit facility, to redeem its outstanding 5.500% Senior Notes due 2027. This move aims to refinance existing debt and manage its capital structure.
Performance Food Group (PFGC) Margin Pressure Tests Bullish Growth Narratives In Q2 2026
Performance Food Group (PFGC) reported Q2 2026 revenues of US$16.4 billion and basic EPS of US$0.40, with a net income of US$61.7 million. Despite a historical 39% annual profit growth, the latest net margin declined to 0.6%, raising concerns about interest payment coverage and potential financial risk. The company's P/E ratio of 41x is higher than peers, creating a valuation puzzle despite analyst forecasts of 32% annual EPS growth and a higher fair value estimate.
May 15th Options Now Available For Performance Food Group (PFGC)
New options contracts for Performance Food Group (PFGC) with a May 15th expiration date have become available. These contracts offer potential opportunities for sellers of puts and calls to achieve higher premiums due to the longer time until expiration. BNK Invest's YieldBoost formula identifies a $90.00 strike put and a $95.00 strike call as contracts of particular interest, detailing potential returns and risks for investors.
Should Strong Quarterly Earnings But Lowered 2026 Sales Outlook Require Action From Performance Food Group (PFGC) Investors?
Performance Food Group (PFGC) reported strong quarterly earnings with increased sales and net income, but slightly lowered its full-year 2026 net sales outlook, issuing cautious Q3 revenue guidance. This combination signals a need for investors to focus on the company's volume-driven, low-margin business model, emphasizing execution, cost discipline, and M&A, rather than solely on headline growth. Investors should also consider the company's thin margins, valuation, and existing debt costs, as well as divergent fair value estimates from the community.
Earnings call transcript: Performance Food Group misses Q2 2026 forecasts
Performance Food Group (PFG) reported its Q2 2026 earnings, missing both EPS and revenue forecasts, leading to a 15.07% drop in pre-market trading. The company posted an adjusted EPS of $0.98 against a forecast of $1.09, and revenue of $16.4 billion, slightly below the anticipated $16.54 billion. Despite the miss, PFG achieved a 5.2% increase in total net sales and a 45.5% rise in net income year-over-year, driven by market share gains and expansion in its private brand portfolio and convenience store segment, while facing challenges from the Cheney Brothers acquisition costs and deflation in certain commodities.
Performance Food Group's (NYSE:PFGC) Q4 CY2025 Earnings Results: Revenue In Line With Expectations But Stock Drops
Performance Food Group (NYSE:PFGC) reported Q4 CY2025 earnings where revenue met Wall Street expectations at $16.44 billion, a 5.2% year-on-year increase. However, the company's non-GAAP profit of $0.98 per share missed analyst estimates by 10%, and next quarter's revenue guidance fell short of expectations. The stock consequently dropped by 7.8% after the announcement, reflecting investor disappointment despite the in-line revenue report.
Performance Food Group Co. (NYSE:PFGC) Misses Q2 Estimates, Shares Drop on Lowered Outlook
Performance Food Group Co. (NYSE:PFGC) reported its Q2 fiscal 2026 results, missing Wall Street's revenue and adjusted EPS estimates while delivering modest year-over-year growth. The company also issued a lowered outlook for the full fiscal year 2026, leading to a significant drop in its stock price in pre-market trading. Despite operational strengths like independent case volume growth and procurement efficiencies, the updated guidance reflects a challenging consumer environment and tempered expectations.
PERFORMANCE FOOD GROUP ($PFGC) Releases Q2 2026 Earnings
Performance Food Group ($PFGC) reported its Q2 2026 earnings, missing both earnings per share and revenue estimates. The company posted $0.98 EPS against an estimated $1.11 and revenue of $16.44 billion against an estimated $16.87 billion. The article also details recent insider trading activity, hedge fund movements, congressional stock trading, and analyst ratings for PFGC.
Why Performance Food Group (PFGC) Stock Is Nosediving
Shares of Performance Food Group (NYSE:PFGC) fell 7.4% after the company reported fourth-quarter 2025 results that missed analyst expectations for adjusted earnings per share and revenue. The company also provided a weaker-than-expected financial outlook, with its adjusted EBITDA guidance falling short of Wall Street's projections. This combination of an earnings miss and soft future guidance led to a negative investor reaction.
Performance Food Group Company Reports Second-Quarter and First-Six Months Fiscal 2026 Results
Performance Food Group Company (PFG) reported strong financial results for its second quarter and first six months of fiscal year 2026, with significant increases in net sales, gross profit, and net income despite a challenging consumer environment. The company saw growth across its Foodservice, Convenience, and Specialty segments and authorized a $500 million share repurchase program. PFG also provided a positive outlook for Q3 and the full fiscal year 2026, projecting continued net sales and Adjusted EBITDA growth.
Performance Food Group (PFGC) Earnings Transcript
Performance Food Group (PFGC) reported a 5.2% increase in total net sales and a 6.7% rise in Adjusted EBITDA for the second quarter of fiscal 2026, driven by growth across all segments, particularly foodservice and convenience. The company successfully onboarded new accounts for its convenience segment and saw robust organic independent restaurant case growth. Despite operational challenges like higher integration costs for Cheney Brothers and commodity deflation, Performance Food Group reaffirmed its three-year plan targets, expressing confidence in future growth and synergy realization.
Principal Financial Group Inc. Has $87 Million Stock Holdings in Performance Food Group Company $PFGC
Principal Financial Group Inc. reduced its stake in Performance Food Group Company by 30.7% in Q3, now holding 836,241 shares valued at approximately $87 million. The company is largely favored by analysts, with a consensus "Moderate Buy" rating and an average price target of $118.22. Performance Food Group recently surpassed quarterly EPS and revenue estimates, showcasing strong financial performance.
AE Wealth Management LLC Makes New $1.67 Million Investment in Performance Food Group Company $PFGC
AE Wealth Management LLC has made a new investment of $1.67 million in Performance Food Group Company (NYSE: PFGC), purchasing 16,010 shares in the third quarter. Institutional investors now own 96.87% of the stock, with several large firms recently increasing their stakes. Analysts have a "Moderate Buy" rating for PFGC, with an average target price of $118.22, while the company's stock currently trades near $94.76.
Performance Food Group (PFGC) Reports Earnings Tomorrow: What To Expect
Performance Food Group (PFGC) is set to announce its earnings this Wednesday before market open. Analysts anticipate a 5.7% year-on-year revenue growth to $16.52 billion and adjusted earnings of $1.09 per share. Though the company beat revenue expectations last quarter, it missed EPS estimates, and its stock has significantly outperformed the consumer discretionary segment over the last month.
New York State Common Retirement Fund Sells 76,255 Shares of Performance Food Group Company $PFGC
The New York State Common Retirement Fund has reduced its stake in Performance Food Group Company (NYSE:PFGC) by 10.3%, selling 76,255 shares and now owning 662,971 shares valued at approximately $68.98 million. Despite this trimming by one institutional investor, other major funds like Norges Bank and Massachusetts Financial Services have established significant new positions, and institutional ownership stands at nearly 97%. Performance Food Group has also reported strong Q3 earnings, surpassing revenue and EPS estimates, with analysts maintaining a "Moderate Buy" rating and a consensus price target of $118.22.
Is Performance Food Group (PFGC) Pricing Reflecting Its Strong Multi Year Share Price Gains
Performance Food Group (PFGC) has seen significant share price gains over multiple years. A Discounted Cash Flow (DCF) analysis suggests the stock is currently undervalued by 48.4%, estimating an intrinsic value of $188.94 per share against a recent price of $97.43. However, its P/E ratio of 46.89x is higher than the industry average and Simply Wall St's Fair Ratio, indicating it might be overvalued by this metric.
Performance Food Group (PFGC) Projected to Post Earnings on Wednesday
Performance Food Group (PFGC) is expected to announce its Q2 2026 earnings before market open on Wednesday, February 4th, with analysts forecasting earnings of $1.07 per share on $16.5385 billion in revenue. The company previously exceeded estimates in Q1 2026, reporting $1.18 EPS and revenue of $17.08 billion. PFGC currently holds a "Moderate Buy" consensus rating from analysts, with an average price target of $118.22.
Is Performance Food Group (PFGC) Pricing Reflecting Its Strong Multi Year Share Price Gains
This article analyzes Performance Food Group (PFGC) stock valuation using two methods: Discounted Cash Flow (DCF) and Price-to-Earnings (P/E) ratio. The DCF model suggests the stock is significantly undervalued by 48.4%, while the P/E ratio indicates it is overvalued compared to industry averages and its proprietary "Fair Ratio." The article also introduces "Narratives" as a way for investors to personalize their valuation based on future growth assumptions.
Is Performance Food Group (PFGC) Pricing Reflecting Its Strong Multi Year Share Price Gains
Performance Food Group (PFGC) has shown strong share price gains over the last five years but its recent 1-year return is lagging peers. A Discounted Cash Flow (DCF) analysis suggests the stock is undervalued by 48.4%, with an intrinsic value of $188.94 per share compared to its current price of $97.43. However, its P/E ratio of 46.89x is significantly higher than both the industry average and Simply Wall St's proprietary Fair Ratio, indicating it appears overvalued on this metric.
Performance Food Group Company $PFGC Shares Acquired by Strs Ohio
Strs Ohio significantly increased its stake in Performance Food Group (PFGC) by 54.4% in the third quarter, purchasing an additional 52,734 shares and bringing its total holdings to 149,751 shares valued at approximately $15.58 million. This acquisition represents about 0.10% of the company's stock. Analysts generally rate PFGC as a "Moderate Buy" with a consensus price target of $118.22, following recent quarterly earnings that surpassed estimates.
Savoir Faire Capital Management L.P. Boosts Stock Holdings in Performance Food Group Company $PFGC
Savoir Faire Capital Management L.P. significantly increased its stake in Performance Food Group Company (NYSE:PFGC) by 74.5% in Q3, now holding 88,807 shares valued at $9.24 million. The food distribution company exceeded Q3 expectations with $1.18 EPS and $17.08 billion in revenue. Analysts maintain a "Moderate Buy" rating with an average price target of $118.22.
Performance Food Group Company $PFGC Shares Sold by AEGON ASSET MANAGEMENT UK Plc
AEGON ASSET MANAGEMENT UK Plc significantly reduced its stake in Performance Food Group Company (NYSE:PFGC) by 16.1% in the third quarter, selling 39,736 shares and lowering its holdings to 206,596 shares valued at approximately $21.5 million. Despite institutional selling, Performance Food Group recently exceeded quarterly earnings and revenue expectations and maintains a "Moderate Buy" consensus rating from analysts with an average target price of $118.22. The company, a leading foodservice distributor, has a market capitalization of $14.7 billion and reported 10.8% year-over-year revenue growth.
Scott McPherson Named New CEO of Performance Food Group as Merger Talks End
Scott McPherson is set to become the new CEO of Performance Food Group (PFG) on January 1, following the departure of George Holm, who transitions to executive chair. This leadership change occurs after PFG and US Foods mutually ended their merger discussions, a deal that could have significantly impacted the foodservice logistics sector. Despite the scuttled merger, PFG continues its strategic acquisition activities, maintaining its strong market position and focusing on growth opportunities in the food logistics industry.
VELA Investment Management LLC Has $4.50 Million Position in Performance Food Group Company $PFGC
VELA Investment Management LLC reduced its stake in Performance Food Group Company by 21.7% in Q3, now holding 43,283 shares valued at $4.503 million, representing 1.1% of its portfolio. Despite this, institutional interest in PFGC remains high at 96.87% ownership, with other firms like Goldman Sachs increasing their positions. Analysts maintain a consensus "Moderate Buy" rating for Performance Food Group, with an average price target of $118.22, significantly above its current trading price of around $95.65.
Scott McPherson Named New CEO of Performance Food Group as Merger Talks End
Scott McPherson is taking over as CEO of Performance Food Group (PFG) on January 1, with former CEO George Holm transitioning to executive chair. This leadership change comes shortly after PFG and US Foods ended their merger discussions, which had aimed to create the dominant player in foodservice logistics. PFG continues to grow through strategic acquisitions, solidifying its position in the market despite the collapsed merger.
Performance Food Group Company to Host Webcast of Second-Quarter Fiscal 2026 Results
Performance Food Group Company (PFG) will host a live audio webcast on Wednesday, February 4, 2026, at 9 a.m. ET to discuss its second-quarter fiscal 2026 financial results. A news release detailing these results will be issued at approximately 7 a.m. ET on the same day. The webcast will feature discussions by PFG's President & CEO Scott McPherson and EVP & CFO Patrick Hatcher, followed by a Q&A session.
Massachusetts Financial Services Co. MA Takes $152.72 Million Position in Performance Food Group Company $PFGC
Massachusetts Financial Services Co. MA has acquired a new position in Performance Food Group (NYSE: PFGC) worth $152.72 million, holding 0.94% of the company's stock. Analysts have a "Moderate Buy" rating with an average price target of $118.22, suggesting potential upside compared to the current trading price. Performance Food Group recently exceeded quarterly earnings estimates, reporting $1.18 EPS and $17.08 billion in revenue, reflecting a 10.8% year-over-year increase.
Performance Food Group Company to Host Webcast of Second-Quarter Fiscal 2026 Results
Performance Food Group Company (PFG) will host a live audio webcast on Wednesday, February 4, 2026, at 9 a.m. ET to discuss its second-quarter fiscal 2026 financial results. A news release detailing these results will be issued at approximately 7 a.m. ET on the same day. The webcast will feature discussions from PFG's President & CEO, Scott McPherson, and Executive Vice President & CFO, Patrick Hatcher, addressing questions from the investment community and media.
