Performance Food Furloughs 3,000, Cuts Salaries and Suspends Buybacks [TheStreet.com]
Performance Food Group Company (PFGC)
Last performance food group company earnings: 2/5 07:00 am
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Source: TheStreet.com
Foods distributor Performance Food Group(PFGCGet ReportThe Richmond, Va., company and its competitors have been hammered by the closure of restaurants and institutional eating facilities.Performance Food also is suspending stock repurchases, cutting executive salaries, further slashing capital expenditures and drawing $400 million from its $3 billion line of credit to preserve cash.At the same time, the company has brought on 13 new retail partners and is sharing 1,100 workers for grocery clients to keep their shelves stocked.“During the covid-19 pandemic we have made important decisions to protect the organization,” Performance Food Chief Executive George Holm said in a statement.“Many of these moves are opening new lines of business and providing important resources to the communities and customers we serve,” Holm said.But other decisions, he said, "are difficult for any company to make, but necessary during challenging times. We are confident that we have taken the appropriate step
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News
- 13D Activist Fund's Updates on Performance Food Group Co. (PFGC) [Yahoo! Finance]Yahoo! Finance
- Performance Food Group (PFGC): Is There More Value Left After the Recent Share Price Dip? [Yahoo! Finance]Yahoo! Finance
- Performance Food Group (NYSE:PFGC) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Performance Food Group, US Foods end merger talks [Yahoo! Finance]Yahoo! Finance
- Performance Food Group and US Foods Terminate Information Sharing ProcessBusiness Wire
PFGC
Earnings
- 11/5/25 - Beat
PFGC
Sec Filings
- 11/24/25 - Form 8-K
- 11/21/25 - Form 4
- 11/20/25 - Form S-3ASR
- PFGC's page on the SEC website