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Stock impact report

Performance Food Group is added to Jefferies Franchise Picks list [Seeking Alpha]

Performance Food Group Company (PFGC) 
Last performance food group company earnings: 2/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.pfgc.com
Company Research Source: Seeking Alpha
The firm said it remains constructive on the domestic foodservice industry, especially for scaled public players like Performance Food Group Company ( PFGC ), which was noted to have a distinctive and robust pipeline that includes exposure to multiple industries beyond traditional foodservice categories. Those categories for PGFC include the high-margin foodservice business within convenience, micro markets in Vistar, and new chain businesses with better profit profiles. "Upcoming results should highlight benefits from a recent deal close, and comps become more favorable in F25. Meanwhile, PFGC appears well-positioned to ramp its buyback earlier and more fully through the fiscal year," updated Jefferies analyst Alexander Slagle. Slagle also pointed out that the negative traffic environment in restaurants and across broader foodservice has kept sentiment in check. However, Jefferies is convinced that investors are underappreciating several positive drivers that can yield better than Show less Read more
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