Sep 28, 2024

PFG Q1 2025 Earnings Report

PFG reported strong net sales and independent restaurant case volume growth for Q1 2025.

Key Takeaways

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.

Total case volume increased 2.6%.

Total Independent Foodservice case volume increased 7.8%.

Net sales increased 3.2% to $15.4 billion.

Adjusted EBITDA increased 7.3% to $411.9 million.

Total Revenue
$15.4B
Previous year: $14.9B
+3.2%
EPS
$1.16
Previous year: $1.15
+0.9%
Total Case Volume Growth
2.6%
Previous year: 2.6%
+0.0%
Gross Profit
$1.8B
Previous year: $1.7B
+5.9%
Cash and Equivalents
$42.5M
Previous year: $7.8M
+444.9%
Free Cash Flow
-$43M
Previous year: $33.9M
-226.8%
Total Assets
$14.4B
Previous year: $12.9B
+11.6%

PFG

PFG

PFG Revenue by Segment

Forward Guidance

For the second quarter of fiscal 2025, PFG expects net sales to be in a range of $15.2 billion to $15.6 billion and Adjusted EBITDA to be in a range of $400 million to $420 million. For the full fiscal year 2025, PFG continues to expect net sales to be in a range of approximately $62.5 billion to $63.5 billion and Adjusted EBITDA to be in a $1.7 billion to $1.8 billion range.

Revenue & Expenses

Visualization of income flow from segment revenue to net income