logo
Plus   Neg
Share
Email

Performance Food Group Withdraws FY20 Outlook - Quick Facts

Providing an update on its business and financial position due to the coronavirus pandemic (COVID-19), Performance Food Group Co. or PFG (PFGC) on Thursday decided to withdraw its full year 2020 outlook as the macroeconomic environment has deteriorated.

However, the company added that it is on track to meet the previously disclosed and affirmed expectations.

PFG said it plans to provide additional information on its third quarter earnings call based on the information available at that time on May 6, 2020.

"Furthermore, while the full impact of COVID-19 is currently unknown, we are confident that we have ample liquidity under our debt facilities even if conditions continue to worsen. Covenants under our bonds do not require us to maintain any liquidity or other financial metrics," said George Holm, Chairman, President & CEO.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The New York Times announced its plans to relocate its Hong Kong-based digital news operation to South Korea's Seoul, amid uncertainty following China's tough national security law for the semi-autonomous city. The news organization cited the possible impact of Beijing's new security law to the city's prospects as a hub for journalism in Asia. Search giant Google, Inc. announced Wednesday that it signed an agreement to invest $4.5 billion or 33,737 crore Indian rupees in India's Jio Platforms Ltd, taking a 7.73 percent stake in the company, pending regulatory review in India. This investment by Google values Jio Platforms at an equity value... U.S. Bancorp (USB) reported second quarter earnings per share of $0.41, compared to $1.09, a year ago. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.22, for the quarter. Analysts' estimates typically exclude special items. Net income attributable...
RELATED NEWS
Follow RTT