MEDIUMBuilt-inProduct / Revenue mix
cigarettes and other tobacco products
“10-K Item 1A: 'A significant portion of our sales volume depends upon the distribution of cigarettes and other tobacco products.'”
PFGC · Concentration risk · 10-K extracted
Performance Food Group (PFGC) concentration risks
Updated
The most significant concentration Performance Food Group discloses is cigarettes and other tobacco products, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Performance Food Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inHedge_coverage
15%
diesel fuel gallons
“10-K Item 1: 'diesel fuel surcharges to our customers and through the use of costless collars. ... we had collars in place for approximately 15% of the gallons we expect to use over the 12 months'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-09-06Performance Food Group's disclosed concentration risk is structural rather than counterparty-driven, and it spans two very different parts of the business. A significant portion of the company's sales volume depends upon the distribution of cigarettes and other tobacco products, a medium-share exposure to a single product category whose demand and regulatory environment differ meaningfully from the rest of the distribution business. Separately, on the cost-management side, the company had costless collars in place for approximately 15% of the diesel fuel gallons it expected to use over the following 12 months, a low-share hedge coverage that leaves the large majority of its fuel needs exposed to spot price movements, mitigated in part by fuel surcharges passed to customers. These two exposures are unrelated in character — one is a demand-side product concentration, the other a cost-side hedging gap — so they do not compound each other, but each represents a distinct channel through which results could diverge from expectations: a shift in tobacco distribution economics on one side, and unhedged diesel price volatility on the other.
For the engine’s reasoning on PFGC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Food Distribution
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AVO | Mission Produce, Inc. | 3 | 1 | 0 | 4 |
| SYY | Sysco Corporation | 2 | 0 | 0 | 2 |
| ANDE | The Andersons, Inc. | 1 | 2 | 0 | 3 |
| PFGC● | Performance Food Group Company | 0 | 1 | 1 | 2 |
| USFD | US Foods Holding Corp. | 0 | 1 | 1 | 2 |
| UNFI | United Natural Foods, Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.