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.
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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 · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
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).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Performance Food Group discloses one concentration: a significant portion of its sales volume depends upon the distribution of cigarettes and other tobacco products. It is a medium-share exposure, and structural in character, because it reflects the category mix of a broadline distributor rather than reliance on any single counterparty. The filing frames this in terms of sales volume, not margin or profit, so the exposure should not be read as a statement about earnings contribution. Tobacco distribution is typically a high-volume, low-margin activity, but that is general context the source does not state, and the synthesis should not lean on it. What the source does support is that a decline in category volumes, regulatory change, or a shift in consumer behavior would weigh on a significant portion of volume. Because there is only one disclosed exposure, nothing offsets or compounds it. It is a well-disclosed, category-level concentration that could affect volume trends but is not, on this evidence alone, a counterparty risk capable of moving the verdict abruptly.
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 |
| ANDE | The Andersons, Inc. | 1 | 2 | 0 | 3 |
| SYY | Sysco Corporation | 1 | 0 | 0 | 1 |
| USFD | US Foods Holding Corp. | 0 | 1 | 1 | 2 |
| PFGC● | Performance Food Group Company | 0 | 1 | 0 | 1 |
| 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.