1 Trillion Won Vanishes from Foodservice Distribution Stocks Due to Earnings Guidance

Performance Food Group Co. (PFGC) shares plunged 7.3% on February 4 in New York trading, closing at $89.86. Trading volume topped 8.19 million shares, and market capitalization fell to about $14.1 billion (approximately ₩19 trillion). In a single day, the company lost roughly $960 million—about ₩1.3 trillion—in market value.

Investor sentiment was hurt after the company’s latest quarterly results showed adjusted EPS of $0.98 and revenue of $16.44 billion, missing consensus estimates of $1.09 and $16.52 billion, respectively. The midpoint of its guidance for next year’s adjusted EBITDA—$1.93 billion—also fell short of Wall Street forecasts, stoking concerns over slower growth.

Performance Food Group is the third-largest foodservice distributor in the U.S., supplying ingredients, snacks and beverages to more than 300,000 locations nationwide from its headquarters in Richmond, Virginia. Last year, a potential merger with rival US Foods was discussed, but in November 2025 both parties officially called off talks and opted for independent growth strategies.