PFG Earnings Reports

Performance Food Group Company reported a decrease in net income despite increases in net sales and gross profit. Total case volume and independent foodservice case volume increased. The company's Adjusted EBITDA and Adjusted Diluted EPS also increased.

Performance Food Group Company had a strong start to fiscal 2025, with solid sales momentum and adjusted EBITDA growth. The core business performed exceptionally well, and the integration of recent acquisitions of Cheney Brothers and José Santiago into the Foodservice business is expected to drive significant profit growth and increase market share opportunity.

Performance Food Group Company reported a strong finish to fiscal year 2024, with significant acceleration in sales, adjusted EBITDA, and EPS growth during the fourth quarter. The company also announced strategic acquisitions expected to drive further revenue and profit growth.

Performance Food Group Company reported its third quarter fiscal 2024 results, showing a slight increase in net sales and gross profit, but decreases in net income and diluted EPS. Despite a challenging January due to weather conditions, the company saw sequential improvement in February and March. The company is raising the bottom-end of its full year 2024 Adjusted EBITDA guidance to a $1.48 billion to $1.5 billion range.

Performance Food Group Company reported strong second-quarter fiscal 2024 results, with net sales increasing by 2.9% to $14.3 billion and net income increasing by 10.1% to $78.3 million. The company benefited from organic independent case growth and solid execution across business segments, leading to margin expansion and strong cash flow generation. PFG reiterated its fiscal 2024 outlook.

Performance Food Group Company (PFG) announced strong first-quarter fiscal 2024 results, with net sales increasing by 1.5% to $14.9 billion and net income increasing by 26.1% to $120.7 million. Adjusted EBITDA rose by 8.2% to $383.8 million, and adjusted diluted EPS increased by 6.5% to $1.15.

Performance Food Group Company reported strong Q4 fiscal 2023 results, driven by broad-based strength across all three reportable segments and organic independent restaurant case growth. The company's strong balance sheet allowed for investments in growth initiatives and share repurchases.

Performance Food Group Company reported a 5.3% increase in net sales to $13.8 billion and a 32.3% increase in Adjusted EBITDA to $314.7 million for the third quarter of fiscal year 2023. The company also raised and tightened its fiscal 2023 Adjusted EBITDA outlook range.

Performance Food Group Company (PFG) reported strong second-quarter fiscal 2023 results, with net sales increasing by 8% to $13.9 billion and adjusted EBITDA rising by 28% to $308.8 million. The company also raised the bottom end of its fiscal 2023 adjusted EBITDA outlook.

Performance Food Group Company reported a strong first quarter in fiscal 2023, with results exceeding prior expectations. All operating segments contributed to high-quality top-line performance and margin expansion. The company is confidently raising its sales and Adjusted EBITDA outlook for the second quarter and the full fiscal year.

Performance Food Group Company reported strong fourth-quarter fiscal 2022 results, with net sales increasing 57% to $14.6 billion and net income increasing 142% to $76.0 million. The company's focus on driving independent restaurant growth and the integration of Core-Mark have contributed to the positive momentum in all three business segments.

Performance Food Group Company reported strong third-quarter fiscal 2022 results, with net sales increasing by 82% to $13.1 billion and net income increasing by 408% to $23.4 million. The company's performance was fueled by the Core-Mark acquisition and double-digit growth in organic independent cases. PFG is raising its full year financial guidance and believes it now has a path to $1 billion of Adjusted EBITDA in the current fiscal year.

Performance Food Group Company reported strong second-quarter fiscal 2022 results, marked by double-digit net sales and gross profit growth, primarily driven by the Core-Mark acquisition and strong underlying business performance. The company has increased its full-year outlook due to this performance.

Performance Food Group Company reported a strong start to fiscal 2022, with record sales and significant growth in net sales and gross profit. The acquisition of Core-Mark contributed significantly to the company's performance, and the integration is ahead of schedule. Independent restaurant business maintained strong momentum and Vistar experienced consistent sequential improvement.

Performance Food Group Company reported strong fourth-quarter fiscal 2021 results with a 61.1% increase in net sales to $9.3 billion and a net income of $31.4 million, compared to a net loss of $151.2 million for the prior year period. Adjusted EBITDA increased to $210.9 million and diluted EPS was $0.23 compared to diluted loss per share of $1.19 for the prior year period.

Performance Food Group Company reported a 2.9% increase in net sales, reaching $7.2 billion. The company experienced a net loss of $7.6 million, and adjusted diluted earnings per share decreased by 67.2% to $0.19. Independent cases grew by 6.3% during the quarter.

Performance Food Group Company reported a 12.8% increase in net sales to $6.8 billion, driven by the acquisition of Reinhart. Gross profit improved by 14.0% to $811.1 million. However, net income declined by 57.3% to $17.6 million, and diluted EPS decreased by 66.7% to $0.13.

Performance Food Group Company reported a 12.9% increase in net sales to $7.0 billion, driven by the acquisition of Reinhart. Gross profit improved by 14.6% to $815.5 million. However, the company experienced a net loss of $0.7 million, and adjusted diluted EPS declined by 56.1% to $0.25.

Performance Food Group Company reported a decrease in net sales and gross profit for the fourth quarter of fiscal 2020, primarily due to the effects of the COVID-19 pandemic, which was partially offset by recent acquisitions. The company experienced a net loss and a significant decrease in Adjusted EBITDA compared to the prior year period.

Performance Food Group Company reported a net loss of $40.2 million, but net sales increased by 49.3% to $7.0 billion due to the acquisitions of Eby-Brown and Reinhart. Adjusted Diluted EPS increased 38.1% to $0.58. The COVID-19 pandemic has presented unique challenges, but the company has taken actions to support customers and communities.

Performance Food Group Company reported a 31.5% increase in net sales to $6.1 billion and a 22.2% increase in Adjusted EBITDA to $142.9 million for the second quarter of fiscal 2020.