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Shares of Performance Food Group (NYSE:PFGC) moved lower by 0.2% in pre-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share were down 222.86% over the past year to ($0.86), which missed the estimate of ($0.24).
Revenue of $5,774,000,000 declined by 2.12% from the same period last year, which beat the estimate of $5,430,000,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
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Date: Aug 12, 2020
Time: 09:00 AM
Price Action
Company's 52-week high was at $54.49
52-week low: $7.41
Price action over last quarter: Up 42.59%
Company Description
Performance Food Group is the third-largest U.S. food-service distributor, with 7% market share and a heavy presence along the Eastern seaboard, the Southeast, and the Midwest. PFG's food-service business (69% of pro forma sales) has its largest exposure to national and regional restaurant chains (52% of segment revenue), followed by independent restaurants (27%), and other channels (20%) such as retail, hospitality, and education. The firm's Vistar segment (31% of pro forma sales) is a national distributor of candy, snacks, and beverages to convenience stores, vending and office coffee service distributors, theaters, sporting arenas, and correctional facilities.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.