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Performance Food Group
(NYSE:PFGC)
Select Model
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Rating:57Neutral
Price Target:
$111.00
▼(-0.44% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by solid underlying financial performance (scale-up and strong free cash flow) and a positive FY27 outlook from the earnings call (higher sales/EBITDA guidance and synergy visibility). Offsetting these positives are weak near-term technicals and a stretched valuation (high P/E), while higher leverage and thin margins add risk if costs or demand move against the company.
Positive Factors
Revenue and Scale Growth
PFG has more than doubled revenue since 2021, demonstrating successful scale expansion across foodservice channels. Continued account wins, wallet-share gains and FY27 growth guidance support durable top-line momentum.
Negative Factors
Elevated Leverage
Higher leverage reduces flexibility and increases sensitivity to operating setbacks, interest costs and integration spending. Because margins are thin, sustained cash generation may need to prioritize debt management over acquisitions or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Scale Growth
PFG has more than doubled revenue since 2021, demonstrating successful scale expansion across foodservice channels. Continued account wins, wallet-share gains and FY27 growth guidance support durable top-line momentum.
Read all positive factors
Performance Food Group (PFGC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.47B
Dividend YieldN/A
Average Volume (3M)1.57M
Price to Earnings (P/E)44.9
Beta (1Y)0.79
Revenue Growth7.17%
EPS Growth4.89%
CountryUS
Employees43,780
SectorConsumer Defensive
Sector Strength42
IndustryFood Distribution
Share Statistics
EPS (TTM)2.30
Shares Outstanding157,533,040
10 Day Avg. Volume1,804,852
30 Day Avg. Volume1,567,643
Financial Highlights & Ratios
PEG Ratio10.56
Price to Book (P/B)3.51
Price to Sales (P/S)0.25
P/FCF Ratio16.72
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$130.33Price Target Upside16.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)5.67
Revenue Forecast (FY)$72.65B
Performance Food Group Business Overview & Revenue Model
Company Description
Performance Food Group Company, through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America. It operates through three segments: Foodservice, Convenience, and Specialty. The company offers...
How the Company Makes Money
Performance Food Group primarily makes money by purchasing food and related products from manufacturers and other suppliers, warehousing them, and then selling and delivering them to foodservice customers at a markup. Its revenue is largely transa...
Performance Food Group Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: multi-segment revenue and gross profit growth, notable procurement and brand progress, robust cash flow and clear guidance for accelerating EBITDA in fiscal 2027. Management acknowledged transitory headwinds — fuel/diesel costs, inflation in certain categories (Convenience, Specialty), integration-related OpEx and some competitive losses — but provided mitigation plans (procurement synergies, hedging, operational investments) and line-of-sight to margin expansion. Overall, the positives (revenue/gross profit/EBITDA growth, cash generation, procurement visibility and market-share gains across segments) materially outweigh the catalogued lowlights.Positive Updates
Company Revenue and Top-Line Growth
Total net sales grew 6.4% in the fiscal Q4 2026 quarter; full-year 2027 sales guidance of $72.5B to $73.0B (midpoint implying ~7.2% YoY growth) and a FY2027 benefit from a 53rd week (~2%).
Negative Updates
Inflationary Pressures
Total company cost inflation was ~4.7% in Q4; segment inflation varied — Foodservice ~2.7% (July <1%), Specialty ~5.3% YoY, and Convenience ~7.1% YoY (although down 64 bps sequentially).
Read all updates
Q4-2026 Updates
Positive
Negative
Company Revenue and Top-Line Growth
Total net sales grew 6.4% in the fiscal Q4 2026 quarter; full-year 2027 sales guidance of $72.5B to $73.0B (midpoint implying ~7.2% YoY growth) and a FY2027 benefit from a 53rd week (~2%).
Read all positive updates
Company Guidance
PFG guided fiscal 2027 with Q1 net sales of $17.9B–$18.1B and Q1 adjusted EBITDA of $510M–$530M, and full‑year net sales of $72.5B–$73.0B (midpoint $72.75B, roughly +7.2% YoY) and full‑year adjusted EBITDA of $2.125B–$2.225B (midpoint $2.175B, roughly +12.7% YoY); the full‑year range includes a 53rd week that helps results by ~2% and management expects EBITDA growth to accelerate through the year. Key assumptions and financials: overall inflation expected to be low‑ to mid‑single digits in FY27 (Foodservice modeled ≈2% for the year, Specialty mid‑single digits, Convenience slightly higher), Q4 diesel net impact was about $16M and PFG has a 12‑month diesel swap to reduce volatility, and the FY27 effective tax rate is expected to be near 26%–27%. Execution drivers called out include procurement synergies of $120M–$125M (management expects to meet or exceed the high end by FY2028), visibility to new business across all three segments, and operational levers; liquidity and capital allocation context: FY26 operating cash flow >$1.4B, free cash flow >$1.0B, FY26 CapEx $384.1M with FY27 CapEx expected below a long‑term target of 70 bps of net revenue, net debt finished just below the top of a 2.5–3.5x leverage target (expected toward the top end in Q1), and M&A activity remains under active review.Performance Food Group Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
54
Neutral
Cash Flow
62
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 67.84B | 63.30B | 58.28B | 57.25B | 50.89B |
| Gross Profit | 8.09B | 7.42B | 6.58B | 6.25B | 5.26B |
| EBITDA | 1.71B | 1.54B | 1.39B | 1.26B | 812.80M |
| Net Income | 359.30M | 340.20M | 435.90M | 397.20M | 112.50M |
Balance Sheet | |||||
| Total Assets | 18.85B | 17.88B | 13.39B | 12.50B | 12.38B |
| Cash, Cash Equivalents and Short-Term Investments | 92.40M | 78.50M | 20.00M | 12.70M | 11.60M |
| Total Debt | 7.78B | 8.00B | 4.98B | 4.74B | 5.00B |
| Total Liabilities | 13.95B | 13.41B | 9.27B | 8.75B | 9.08B |
| Stockholders Equity | 4.90B | 4.47B | 4.13B | 3.75B | 3.30B |
Cash Flow | |||||
| Free Cash Flow | 1.03B | 704.10M | 767.40M | 562.40M | 61.00M |
| Operating Cash Flow | 1.41B | 1.21B | 1.16B | 832.10M | 276.50M |
| Investing Cash Flow | -772.50M | -3.09B | -682.70M | -294.60M | -1.86B |
| Financing Cash Flow | -624.80M | 1.94B | -472.60M | -536.20M | 1.58B |
Performance Food Group Technical Analysis
Neutral
111.49
Price Trends
109.67
Negative
100.45
Positive
96.70
Positive
Market Momentum
-1.08
Positive
37.42
Neutral
16.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PFGC, the sentiment is Neutral. The current price of 111.49 is below the 20-day moving average (MA) of 111.66, above the 50-day MA of 109.67, and above the 200-day MA of 96.70, indicating a neutral trend. The MACD of -1.08 indicates Positive momentum. The RSI at 37.42 is Neutral, neither overbought nor oversold. The STOCH value of 16.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PFGC.
Performance Food Group Risk Analysis
Performance Food Group disclosed 32 risk factors in its most recent earnings report. Performance Food Group reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Performance Food Group Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $23.13B | 32.58 | 16.75% | ― | 3.83% | 38.81% | |
70 Outperform | $4.42B | 45.11 | 15.09% | ― | 11.16% | 30.78% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | $39.19B | 22.47 | 75.46% | 2.61% | 3.91% | -2.17% | |
57 Neutral | $16.47B | 44.93 | 7.63% | ― | 7.17% | 4.89% | |
50 Neutral | $2.84B | -74.76 | -2.43% | ― | -3.22% | 44.69% |
* Consumer Defensive Sector Average
PFGC
Performance Food Group
103.34
2.25
2.23%
SYY
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82.46
3.71
4.72%
CHEF
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107.36
45.45
73.41%
UNFI
United Natural Foods
46.79
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71.45%
USFD
US Foods Holding
107.52
28.71
36.43%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.