Performance Food Group Company (PFGC) markets and distributes food and food-related products in the United States.
It operates through three segments: Foodservice, Vistar, and Convenience.
The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.
It also sells disposables, cleaning and kitchen supplies, and related products.
In addition, the company offers value-added services, such as product selection and procurement, menu development, and operational strategy.
It serves independent and chain restaurants, schools, business and industry locations, hospitals, vending distributors, office coffee service distributors, retailers, convenience stores, theaters, hospitality providers, concessionaires, airport gift shops, college bookstores, corrections facilities, and impulse locations, as well as franchises and other institutional customers.
Shares are on the verge of breaking out of their bullish "cup and handle" formation. On February 8th, PFGC reported 2nd Quarter December 2022 earnings of $0.83 per share on revenue of $13.9 billion. The consensus earnings estimate was $0.76 per share on revenue of $13.9 billion. The Earnings Whisper number was $0.80 per share. Revenue grew 8.3% on a year-over-year basis.
Higher share prices are expected.
Entry Point: $62.50
Stop Loss: $59.00
Trading Range: $38.23 - $63.13
Target Price: $69.00