Performance Food Group Co
PFGC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Hq | LOCK|l! | LOCK|?Lh#TR% |
Performance Food Group Managing Pandemic Challenges Adeptly, but Moat Remains Elusive
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 by 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.
