Performance Food Group Co

PFGC: XNYS (USA)

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Performance Food Group Benefiting From Recovering Foot Traffic, but Progress May Not Be Linear

Rebecca Scheuneman

Jan 25, 2022

Business Strategy and Outlook

COVID-19 caused an unprecedented shock to the food-service industry, although Performance Food Group's high mix of delivery-heavy pizzerias helped damp the impact, with PFG returning to prepandemic sales levels in 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.

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Performance Food Group Co

Performance Food Group Benefiting From Recovering Foot Traffic, but Progress May Not Be Linear

Business Strategy and Outlook

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