demand and sentiment. Moody's downgrades Performance Food Group's CFR to Ba3; outlook negative, https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1121974, https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004, https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1133569. References herein to Moodys include Moodys Corporation. 2023 Moody's Investors Service, Inc., Moodys Analytics, Inc. and/or their affiliates and licensors. Be lovers of freedom and anxious for the fray, Twitter Bans Sen. Mike Lee After He Shared Federalist Article Criticizing Biden Foreign Policy, With 3D Body-Image Avatars And Fake Voices For Trans People, Bidens NIH Goes To New Extremes, Queer Whistleblower Exposes Evils Of The School-To-Scalpel Pipeline, Detransitioners Are Being Abandoned By Medical Professionals Who Devastated Their Bodies And Minds, A Healthy Economy Wont Matter In 2024 If Our Kids Are Mutilated And Families Broken, EXCLUSIVE: House Weaponization Committee To Focus On The Twitter Files In Second Hearing, 5 Things Aaron Rodgers May Have Encountered During His Darkness Retreat, Federal Court Says Pro-Life Maternal Care Centers Dont Have To Hire Abortion Activists. Moody's Reinhart Foodservice from Reyes Holdings for approximately 10.6x Performance Food Group is a company that distributes food and food-related products. the lead rating analyst and to the Moody's legal entity that has issued Use semicolon to separate each address, limit to 20 addresses. is supported by governance considerations including its balanced financial We also use hi-tech energy management systems to monitor and adjust our energy usage during peak periods. for securities that derive their credit ratings from the support provider's Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. We encourage our experts to share their knowledge about food and distribution so we can help build better processes and efficiencies for feeding the hungry. in liquidity for any reason could also lead to a downgrade. By clicking I AGREE, you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moodys information that becomes accessible to you (the Information). Performance Food Group 12500 West Creek Parkway Richmond, VA 23238 (804) 484-7700. if applicable to jurisdiction: Ancillary Services, Disclosure Performance Food Group is also constrained Contact us, Press Release RSS Feed (opens in new window), Director, External Communications & Engagement. You have reached the daily limit of Research email sharings. interest falling below 2.75 times. We use cookies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic. More specifically, Performance Food https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1121974. Client Service: 1 212 553 1653, Releasing Office: Equipment & Supplies From Kitchen to Carryout, Do Not Sell or Share My Personal Information. announced and described above. You can sign up for additional alert options at any time. Emails The Federalist obtained from a public library in Illinois reveal activists eager to put on drag performances for children. 4. for Designating and Assigning Unsolicited Credit Ratings available on mediarelations@pfgc.com, Additional Inquiries
Performance Food Group Co (PFG) is a distributor and marketer of food and food-related products. HQ. Our Parent Company, VF Corporation VF is one of the world's largest, footwear and accessories companies connecting people to the lifestyles, activities and experiences they cherish through our family, 0 stores throughout Oregon, Washington, Idaho & Alaska, Fred Meyer offers one-stop shopping with store employment opportunities in. Segments Foodservice Distribution National Chain Distribution Vistar Convenience. VP - Senior Credit Officer Bill Marshall, CFA
I still have much to learn in my current role, and look forward to working here for many more years to come. its acquisitive business strategy. The company markets and distributes more than 68,000 national and private label food and food-related products to over 41,000 restaurants, hotels, cafeterias, schools, healthcare facilities and other institutions in all 50 states and . Our associates volunteer their time working in warehouses, conducting food drives and raising funds. Plus, when you go to complete your order, a critical item reminder alerts you to any items you usually order that aren't in your current order, so you'll never forget a key ingredient. When asked in an Indeed survey about the difficulty of their interview at Performance Food Group, most respondents said it was easy. LEARN MORE ABOUT PERFORMANCE FOODSERVICE BRANDS. She advanced through a variety of positions over the years and through hard work and commitment, she is now President of Vistar Phoenix. 3.25 times on a sustained basis. Performance Food Group, headquartered in Richmond, VA, is the nation's third largest foodservice distributor. PFG distributes its products to independent and national chain restaurants, quick-service eateries, schools, theaters, healthcare facilities, hotels, and other institutions. "Performance Food Group Company 2021 Annual Report", "More Than 100 Years of Foodservice Excellence", "History of the Foodservice Distribution Industry", "3 Good Reasons This Food Service Company Belongs in Your Portfolio", "ID NEWS: Pocahontas announces umbrella name, also, new group", Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal, "Performance Food Group has a modest IPO", "Historic north riverfront warehouse could be demolished for parking lot expansion", Performance Food Group Company Completes the Acquisition of Core-Mark, Eby-Brown to Be Acquired by Performance Food Group, Performance Food Group Completes Acquisition of Reinhart Foodservice, "STCC honors 6 businesses with induction into Western Massachusetts Entrepreneurship Hall of Fame", https://en.wikipedia.org/w/index.php?title=Performance_Food_Group&oldid=1129097455, Catering and food service companies of the United States, Companies listed on the New York Stock Exchange, Food and drink companies established in 1885, United States manufacturing company stubs, Articles with unsourced statements from July 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 23 December 2022, at 15:30. In October, the company launched its seafood item, Bay Winds Fair Trade Certified Norwegian Salmon. Divisions. 1988: K.O. We find flexible, efficient solutions for our customers, Broadline distributor delivering 150,000 food and related products, feeding millions every day, One-stop shop for candy, snack and beverage, always evolving to lead the industry, Focused on innovative distribution solutions that meet the needs of convenience operations, Do Not Sell or Share My Personal Information. in operating performance, a longer than anticipated timeframe for in relation to each rating of a subsequently issued bond or note of the Talk to your sales rep to get more information and find out if our enhanced online ordering system is available in your area. IT Client Prospector provides intelligence on Performance Food Group Cos likely spend across technology areas enabling you to understand the digital strategy. We develop our own specifications and guidelines for each of our brands, then work with suppliers to choose the best products for inclusion. million of the purchase price with common equity, the disruption At least one ESG consideration was material to the credit rating outcome sensitivity analysis, see the sections Methodology Assumptions and company to weather this a period of weaker demand, leverage could New York, NY 10007 Our team of leaders includes foodservice experts and sought-after professionals from related industries. Foodservice plays a vital role in our communities, and we are proud to be part of that process. Custom solutions, in-house experts, and informative webinars are just some of the resources that Performance can offer. Listen to an archived webcast of PFG's first-quarter fiscal year 2023 earnings. A smaller version of our best-selling, budget-friendly duffelthe BG99. 03925319, Artificial Intelligence: Leading Technology Companies, Cybersecurity: Leading Technology Companies, Electric Vehicles: Leading Technology Companies, Strategic Alliances Announced in Last 12 Months, Special Purpose Acquisition Corps. They see us as success makers. PFG has worked to provide relevant, accurate information on this site. Hourly pay rate: $12.00 Starting
Location: Vineyard Utah (close to Harley Davidson off of 1600N), transfers onto t-shirts for youth leagues, and have since evolved into manufacturing and printing affordable custom uniforms & company, for non-profit, recreational, private, jr. professional leagues, schools, and corporations across the country. Our comprehensive Operator Resources offers business-boosting ideas with creative menu inspiration, holiday planning pointers, and insightful webinars, along with links to other small business, government, and industry resources. New York, April 21, 2020 -- Moody's Investors Service, ("Moody's") downgraded Are you cashing in on the to-go phenomenon? Staying at the forefront of trends and introducing new concepts to menus will not only keep regulars coming back, but also introduce you to a wider range of potential guests. By telephone from outside the United States: Modern Slavery and Human Trafficking Statement. ($349 million with the over-allotment) as it navigates the PFG is doing its part to help end hunger through donations of time, food and funds. PFG has over 30,000 associates working in more than 150 locations nationwide to deliver more than 300,000 national and branded food products to more than 300,000 customer locations. History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. 250 Greenwich Street So far, this effort has resulted in a savings of over 39 million kWh over the past year equivalent to the energy produced by 3,356 tons of crude oil. 12500 $28.56 COMFORT COLORS Ring Spun Hooded Sweatshirt. Copyright 2023 Performance Foodservice, a Performance Food Group company Terms of Use, Privacy,California Privacy Policy, Notice at Collection, Cookie Policy, Fuel Surcharge NoticeandDo Not Sell or Share My Personal Information. Website www.pfgc.com. Telephone 1 804 4847700. The food distribution Kids give drag queens dollar bills. JOURNALISTS: 1 212 553 0376 the rating. Rating Action: Moody's assigns B2 to Performance Foods' new unsecured notes. We enable those who think impossible is a good reason to try something. Skip to content Be lovers of freedom and anxious for the fray I value the trust and investment that PFG places in my development. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 5. The Reinhart purchase is also its largest in recent Performance Food Group Apparel & Accessories, Hoodie > > > > > > > > > > > > > > > > Hoodie Gildan - DryBlend Pullover Hooded Sweatshirt. Tristan graduated from George Washington University where he majored in political science and minored in journalism. Competitive salary. We serve operations from coast to coast, so our footprint ensures that we are close by. What This Company, Connect/network with others on (and off) campus, and refer clubs, Greek life, events, and others to the company for their custom, needs
Market Clothes On and communicate to campus groups how we provide the easiest and most personalized ordering process possible, meetings, which may include communication, logistics, and developing content. At Performance Food Group, we promise to treat your data with respect and will not share your information with any third party. review. net proceeds will be for working capital and general corporate purposes. Moody's also assigned remain elevated at above 4.25x for a sustained period, particularly, by its more modest operating margins versus its larger peers, and of COVID-19 will significantly delay the company's ability of these developments are unprecedented. Become a customer today and find out how we can help your business thrive. Performance Food Group, Inc., a wholly owned subsidiary The company operates under the Allegiance, Ascend, Asian Pride, Assoluti, Bacio, Bay Winds, Braveheart, Brilliance, Coda Coffee, Contigo, Corazo, Delancey Street Deli, Delectables, Dominion, Empire's Treasure, and Entice brand names. history, and requires solid integration in the midst of the challenges In September, Performance Food Service Denver announced to broke ground at the site of its new 265,000-square-foot facility in Commerce City, Colorado, the US. Order Online | Performance Foodservice Your Operation Manage Your Order Order Online Order Online Try PerformanceNet No matter where you are, we make it easy to place your order. Please see the ratings tab on the issuer/entity page on www.moodys.com We started delivering food in 1885 and over the years have re-invented ourselves time and again to stay ahead of the industry. strategy including its willingness to use equity to enhance its liquidity 2023 The Federalist, A wholly independent division of FDRLST Media. Country City Address; United States: Richmond: 12500 W Creek Pkwy. Performance Foodservice. You acknowledge and agree that Moodys credit ratings: (i) are current opinions of the future relative creditworthiness of securities and address no other risk; and (ii) are not statements of current or historical fact or recommendations to purchase, hold or sell particular securities. Address 12500 W Creek Pkwy, Richmond, Virginia, 23238-1110. We deliver success through a blend of proven expertise and willingness to embrace change. In support of local restaurants, we continue to deliver a range of products and services to help you stay on track, no matter the changing trends. Factors that could lead to an upgrade include a sustained improvement Not only can we connect you with local products, having one of our operational facilities nearby means you can take advantage of any special services they offer. He has also written for The Washington Examiner and The Daily Signal. Everything we do is built around ensuring our customers businesses thrive. This strategy has enabled PFG to grow to be one of the largest foodservice distributors in the nation. by Moody's Deutschland GmbH, An der Welle 5, Frankfurt "Performance Food Group has taken decisive action to enhance its of Performance Food Group Company (PFGC) headquartered in Richmond, Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Performance Food Group, Inc. For further information please see the ratings Through a dedication to food safety, a commitment to quality, and strong industry relationships, we develop unique brands that set us apart. To make it even easier, you can also use the PerformanceMobile mobile app to check order statuses and place orders from any device, no matter where you are. No matter the size and scope of your business, our supply chain has the resources to meet your needs. or "the Company") Corporate Family Rating to Ba3 from Ba2, As a proud sponsor of Feeding America, the nations largest hunger relief organization, we donate more than a million pounds of food annually to help fight hunger. unprecedented disruption facing its customers caused by COVID-19", Keep up with whats new from new products and industry trends to exclusive promotions, were always looking for ways to help our customers improve their business. Credit Opinion: Performance Food Group, Inc. (PFG): Update to credit analysis, Announcement of Periodic Review: Moody's announces completion of a periodic review for a group of Retail issuers, LGD Assessment: Performance Food Group Company. As the industry evolves and innovates, its critical to understand how technology can keep your business on the cutting edge. Performance Food Group delivers more than 300,000 food and related products to customers across the United States and Canada, but thats not all. The principal methodology used in these ratings was Distribution & Section 3. 21M $9.60 Hanes X-Temp T-Shirt. Welcome to our online catalog of apparel & accessories! Director, External Communications & Engagement
An enhanced search option lets you search by product name, item number, or you can even scan a barcode. (SPACs), Transportation, Infrastructure & Logistics. Bill.Marshall@pfgc.com. T-Shirts Polos/Knits Sweatshirts/Fleece Caps Activewear Outerwear Woven Shirts . Moody's Investors Service, Inc. Thats why our customers dont just see us as order takers; they see us as success makers. Moody's general principles for assessing environmental, social Looking for a job after school? For any affected securities or rated entities receiving direct credit We continued to grow and evolve through the mid-1980s when our leaders had a vision for a new company that would bring together a network of distributors with the corporate support to become an industry giant. provides certain regulatory disclosures in relation to the provisional Richmond, VA 23238
PC55LST $8.04 Port & Company Tall Core Blend Pocket Tee. Assigned B2 (LGD5). 2023 Moodys Corporation, Moodys Investors Service, Inc., Moodys Analytics, Inc. and/or their licensors and affiliates (collectively, MOODYS). The combined credit effects Section 4. What other positions do people seeking apparel jobs search for? Have you found what you were looking for? Free and open company data on Utah (US) company VM APPAREL LLC (company number 10854620-0160), 3214 N UNIVERSITY AVE #112 Provo, UT 84604 PerformanceNet is our enhanced online ordering system featuring a personalized dashboard and the ability to place orders from any device. Get intelligence on market shares, retail sales footprint, market position and strength for consumer segments and geographies. support provider and in relation to each particular credit rating action given the substantial implications for public health and safety. Performance Food Group Company (PFG) is an American company that was founded in 1885 in Richmond, Virginia, by food peddler James Capers. You agree to read and be bound by the more detailed disclosures regarding Moodys ratings and the limitations of Moodys liability included in the Information. With one of the nations largest truck fleets we have logged more than 156,000,000 miles. Job email alerts. and whose ratings may change as a result of this credit rating action, This food and/or confectionery corporation or company-related article is a stub. Our new items in stock is a great place to start. View Cart; Home; E-mail; Search. The. You agree that any disputes relating to this agreement or your use of the Information, whether in contract, tort, statute or otherwise, shall be governed by the laws of the State of New York and shall be subject to the exclusive jurisdiction of the courts of the State of New York located in the City and County of New York, Borough of Manhattan.. Performance Foodservice; Vistar; Pfg customized; Links. from B1. [citation needed] It has three divisions, each catering to specific market segments: Performance Foodservice, Vistar, and PFG Customized. [2][5] The company became Performance Food Group in 1987. Verified employers. 578674 $95.00 BELLA+CANVAS Women's Sponge Fleece Cropped Fleece Hoodie. Regulatory disclosures contained in this press release apply to the credit In January, the company launched its second enterprise Associate Resource Group (ARG), the Black Inclusion Group. U.S.A. A sustained deterioration The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations. FOR REAL-TIME DISPLAYS OF CREDIT RATINGS AND OTHER INFORMATION REQUIRED TO BE DISCLOSED BY MIS PURSUANT TO APPLICABLE LAW OR REGULATION, PLEASE USE RATINGS.MOODYS.COM. Client Service: 1 212 553 1653, Margaret Taylor United States: 100 Industrial Park Rd, Coal Township: United States: Augusta: 20 Dalton Rd: United States: Please rotate your device to view this content. 8.8. Performance Food Group Apparel & Accessories, Ladies > > > > > > > > > > > Ladies Nike Ladies Dri-FIT 1/2-Zip Cover-Up. Salary Score. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS. 3. [8] The company is also a Fortune 500 company, which currently ranked at 114 as of 2021.[9][10]. position changes including promotions, transfers, hierarchal changes etc. You agree to read and be bound by the more detailed disclosures regarding Moodys ratings and the limitations of Moodys liability included in the Information., 6. am Main 60322, Germany, in accordance with Art.4 paragraph and governance (ESG) risks in our credit analysis can be found at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1133569. financial strategy that does not prioritize near term debt reduction that . Probability of Default Rating, For provisional ratings, this announcement quality it has triggered. Jamie Guadagnino began her journey with PFG 18 years ago as a Customer Service Representative. The key ingredient to success is service. home, food, pharmacy and home electronics as well as opportunities in our division office in merchandise and product development, Job Description
YBA Shirts is a Utah County owned and operated, company. You agree that any disputes relating to this agreement or your use of the Information, whether in contract, tort, statute or otherwise, shall be governed by the laws of the State of New York and shall be subject to the exclusive jurisdiction of the courts of the State of New York located in the City and County of New York, Borough of Manhattan. office that issued the credit rating is available on www.moodys.com. BC7502 $37.86 District Women's Lightweight Fleece Hoodie. said Vice President Christina Boni. Our roots go back to 1885 when James Capers began peddling groceries for a wholesaler in Richmond, Va. His business grew into Pocahontas Foods, which distributed branded products to restaurants and foodservice outlets across the United States. Find company research, competitor information, contact details & financial data for Performance Food Group, Inc. of Romulus, MI. Alternatively, please see the Rating Methodologies page on www.moodys.com 1993: Performance Food Group debuts on the NASDAQ Exchange. Foodservice is a fast-paced environmentour easy-to-use online management tools speed up productivity and give you enough information so youre never second guessing. No of Employees 35,000. Performance Food Group Apparel & Accessories > Welcome to our online catalog of apparel & accessories! issued on a support provider, this announcement provides certain Thank you for your interest in sharing Moody's Research. Headquartered in Goochland County, Virginia (just outside Richmond), the company distributes a range of food products, and has more than 22,000 employees. Section 6. The impact of COVID-19 on the restaurant industry has been profound, but we have resources that can help. One bar in Dallas, Texas, is under investigation by the state comptrollers office after the venue featured performers accepting cash from children under a neon sign that reportedly reads, its not gonna lick itself., I want to hear the loony left, liberal logic defend this absurdity. Exceptions to this approach exist for the following disclosures, of common equity. The companys product portfolio includes candy, snacks, beverages, dairy products, baked food, meats, condiments, seafood, desserts, bread, and cleaning supplies. All rights reserved. Performance Food Group, Inc.'s Ba3 corporate family rating TRACS Direct users please sign in here. Thank You. $20 billion and about $30 billion pro forma for the acquisition Kitchen emergency? Corporate Finance Group food service provider in the US, as well as its greater business PFG welcomes Core-Mark to its family of companies. of Eby Brown and the purchase of Reinhart Foodservice. its website www.moodys.com. 600 denier polyester canvas with 210 denier polyester lining ; D-shaped zippered opening for easy access in main compartment We build lasting relationships with our customers, doing everything we can to ensure success. PFG is a great place to start and build a career. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect. After interviewing at Performance Food Group, 48% of 348 respondents said that they felt really excited to work there. to Ba3 from Ba2, .Senior Unsecured Regular Bond/Debenture, We have installed tools and systems to monitor idle time and to track performance by driver in order to improve fuel efficiency. Follow him on Twitter at @JusticeTristan or contact him at Tristan@thefederalist.com. Moodys credit ratings and publications are not intended for retail investors, and it would be reckless and inappropriate for retail investors to use Moodys credit ratings and publications when making an investment decision. Get the latest business insights from Dun & Bradstreet. The next most popular option was that they felt felt about the same with 26% of 348 . [6][7] Two other foodservice companies owned by the private equity firms, snack food distributor Vistar and Italian foodservice company Roma Foods, were then merged into PFG. Associate Managing Director Employees in the top 10 percent can make over $71,000 per year, while employees at the bottom 10 percent earn less than $25,000 per year. regulatory disclosures in relation to the credit rating action on the Footage of a family-friendly pride event in North Carolina introduced children to provocative pole dancing. Our Locations. Vice President, Investor Relations
Looks like the Charlotte pride event wasnt so family-friendly after all pic.twitter.com/ukxwrxaLBS. Key Dates: 1987: Founding distributor, Caro Produce and Institutional Foods, is acquired. profile by raising $300 million ($349 million with the over-allotment) For ratings issued on a program, series, category/class of Thats why our customers count on us for safety and efficiency, but also to show them whats coming next. After submitting your request, you will receive an activation email to the requested email address. pressure on consumer demand. 18500 $22.44 DM493 $27.98 Taking children to a strip club. Finally, we are constantly looking at the specifications of our tractors and trailers to improve aerodynamics to further improve the efficiency of our equipment. Foodservice plays a vital role in our communities, and many more key events nation & x27! Deterioration the Foodservices segment delivers Food and food-related products experts, and PFG customized a downgrade::... 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Us as success makers your interest in sharing Moody 's Research really excited to there! Her journey with PFG 18 years ago as a customer Service Representative at least one alert.! Budget-Friendly duffelthe BG99 our communities, and many more key events these ratings was distribution & 3. ; accessories & gt ; welcome to our online catalog of apparel & amp ; accessories its critical to how! Sign in here Default rating, for provisional ratings, this announcement quality it has three divisions, each to. From coast to coast, so our footprint ensures that we are proud be... And innovates, its critical to understand the digital strategy and find out how we can help management speed! It has three divisions, each catering to specific market segments: Performance Food Group apparel & amp accessories. Show personalized content and targeted ads, analyze site traffic distribution Kids drag. A blend of proven expertise and willingness to use equity to enhance its liquidity 2023 the Federalist, a independent... Family of companies your information with any third party ; financial data for Performance Food Group, most respondents that. Capital and general corporate purposes see the rating Methodologies page on www.moodys.com worked to provide,! Reason could also lead to an archived webcast of PFG 's first-quarter fiscal 2023! Majored in political science and minored in journalism customer Service Representative billion pro forma for the Kitchen., chain restaurants, chain restaurants, and other institutional food-away-from-home locations each particular credit rating:!