Performance Food has furloughed about 3,000 employees, suspended stock buybacks [MarketWatch]
Performance Food Group Company (PFGC)
Last performance food group company earnings: 2/5 07:00 am
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US:NASDAQ Investor Relations:
investors.pfgc.com
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Source: MarketWatch
Performance Food Group Co. said Monday that it has furloughed about 3,000 employees across the company, in response to the negative affect the COVID-19 pandemic has had on its business. The foodservice company said it has also suspended stock repurchases, further reduced capital expenditures, has deferred 25% of senior management's base salaries and board of directors' cash fees from April 6 through the end of the year and has drawn $400 million from the $3.0 billion credit facility in an effort to "protect its long-term financial position." In addition, the company said it was adding agreements with 13 new retail partners, is now distributing groceries to about 1,000 grocery locations and is sharing over 1,100 employees to help keep grocery shelves stocked. The stock, which is still inactive in premarket trading, has tumbled 42.1% over the past three months, while the S&P 500 has lost 15.2%.
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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