Performance Food Group Company (PFGC) Stock

Performance Food Group Company (PFGC) is a Consumer Discretionary stock trading at $99.37 (as of 2026-09-02), with a market capitalization of $15.65B and a trailing P/E of 43.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Performance Food Group Company (PFGC) and its subsidiaries market and distribute food and related products in the United States through segments including Foodservice, Vistar, and Convenience. It supplies items such as frozen foods, groceries, and meat/seafood, along with health and beauty, tobacco, and related supplies to restaurants, institutions, retailers, and other commercial customers.

Understand Performance Food Group Company: how it makes money

Performance Food Group buys food, beverage, tobacco, and restaurant supplies in bulk and resells them to independent restaurants, convenience stores, and specialty food accounts. Thin, high-volume wholesale economics mean the margin lives in procurement leverage and route density across thousands of small accounts, not in what the company charges.

Every profit dollar is a thin spread between what PFGC pays suppliers and what thousands of small accounts pay back; the only durable lever is buying for more accounts at lower cost while case volume grows to absorb fixed distribution costs.

Revenue by segment (latest quarter)
Foodservice$8.8B
Convenience$6.2B
Specialty$1.2B

Business quality (Weak): Classic low-margin distribution: 12% gross and roughly 2% operating margin. Profit depends on procurement efficiency and route density, so any fuel spike or supplier inflation hits the bottom line almost dollar-for-dollar.

Valuation: At 46× earnings, PFGC trades 96% above the Wholesale average (23×).

Bull case

  • Procurement savings exceed prior targets: Management targets $120-$125 million in procurement synergies and expects to exceed the high end, a direct EBITDA add on a business that earns under 2% operating margin.
  • Convenience store base up 16%: Adding Loves and Racetrack lifted national store-count growth to 16% and case growth to 6.9%, making Convenience (8.8% revenue growth) the fastest-expanding segment and a volume engine for fiscal 2027.
  • National chain contracts lock volume: Jersey Mike's awarded PFGC three of four regions, adding second-half fiscal 2027 volume from a high-frequency franchise that delivers recurring case purchases and reduces single-client dependence in Foodservice.

Bear case

  • Fuel and food costs squeeze H1: Higher diesel expense is expected to persist through fiscal 2027, and the Specialty segment faces persistent inflation and elevated operating costs into the first half, pressuring a margin already near 2%.
  • Leverage ceiling caps flexibility: Net debt ended near the top of the targeted leverage range, limiting near-term buybacks or strategic M&A at a moment when the stock already trades at a premium.
  • Valuation bakes in margin recovery: At a P/E of 46.0x versus the Wholesale industry average of 23x (96% above), the stock capitalizes a substantial future earnings step-up; a miss on procurement synergies or a prolonged diesel cycle would pressure the multiple.
Valuation — source: SEC EDGAR (first-party)
Price$99.37
Market Cap$15.65B
P/E Ratio43.6
EV / EBITDA12.1
Price / Book3.20
Price / Sales0.23
FCF Yield6.6%
DCF Value (model)$10.06
DCF Upside vs Price-89.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$67.84B
Net Margin0.5%
Revenue Growth (YoY)6.4%
EPS Growth (YoY)22.5%
FCF Growth (YoY)6.6%
Financial Health — source: SEC EDGAR
Altman Z-Score4.74 (safe)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E43.6
Sector P/E (Consumer Discretionary)20.1
Industry P/E (Wholesale)23.9
vs Sector116.5%
vs Industry82.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderCapital World Investors ($1.97B)
Institutional Holders Tracked10
Congressional Trades (recent)9
Company
SectorConsumer Discretionary
IndustryWholesale
CEOScott E. McPherson
Employees36,630
CountryUS
IPO Date2015-09-30

Performance Food Group Company earnings call transcripts

  • PFGC Q4 FY26 earnings call transcript (reported 2026-08-12) · analysis
  • PFGC Q2 FY26 earnings call transcript (reported 2026-02-04) · analysis
  • PFGC Q4 FY25 earnings call transcript (reported 2025-08-13) · analysis
  • PFGC Q1 FY25 earnings call transcript (reported 2024-11-06) · analysis

All PFGC earnings calls

Related Companies (Wholesale; 8 comparable wholesalers)

  • United Natural Foods, Inc. (UNFI)
  • The Chefs' Warehouse, Inc. (CHEF)
  • United Parcel Service, Inc. (UPS)
  • FedEx Corporation (FDX)
  • World Kinect Corporation (WKC)
  • Uber Technologies, Inc. (UBER)
  • AMCON Distributing Company (DIT)
  • GXO Logistics, Inc. (GXO)
PFGC earnings history · PFGC institutional & insider holders · PFGC KPIs & operating metrics · PFGC financials · PFGC investor presentations & press releases · PFGC SEC filings · PFGC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.