What is Performance Food Group's other — goodwill impairment?

Performance Food Group (PFGC) reported other — goodwill impairment of $325K in Q2 2023.

What does other — goodwill impairment mean?

A non-cash charge taken when the value of acquired businesses in the 'Other' segment is determined to be lower than originally recorded.

Discontinued — last reported Q4 '23

Business Segments · Goodwill Impairment

Other — Goodwill Impairment

Performance Food Group Other — Goodwill Impairment remained flat by 0.0% to $325K in Q2 2023 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalLower is better

VolatilityVolatile

First reportedQ1 2023

Last reportedQ4 2023Aug 14, 2024

Rolls up toGoodwill impairment

How to read this metric

An increase signals poor performance or overpayment for past acquisitions, negatively impacting profitability.

Detailed definition

This reflects the reduction in the carrying value of goodwill within the 'Other' segment when the fair value of the repo...

Peer comparison

Peers periodically report impairment charges when business unit performance fails to meet acquisition-time projections.

Metric ID: pfgc_segment_other_goodwill_impairment_loss

Historical Data

1 years

	FY'23
Value	$1.3M

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Frequently Asked Questions

What is Performance Food Group's other — goodwill impairment?: Performance Food Group (PFGC) reported other — goodwill impairment of $325K in Q2 2023.
What does other — goodwill impairment mean?: A non-cash charge taken when the value of acquired businesses in the 'Other' segment is determined to be lower than originally recorded.