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Mar 27, 2021
PFG Q3 2021 Earnings Report
PFG's Q3 2021 earnings reflect strong sales and independent case volume growth. The company generated $173.1 million in cash flow from operating activities in the first nine months.
Key Takeaways
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.
Net sales increased 2.9% to $7.2 billion.
Gross profit improved 3.1% to $832.7 million.
Net loss was $7.6 million.
Adjusted EBITDA decreased 7.6% to $121.2 million.
PFG
PFG
PFG Revenue by Segment
Revenue by Segment
Foodservice Revenue
CapyFin.com Forward Guidance
For the fiscal fourth quarter of 2021, PFG expects net sales to be at least $8.2 billion and Adjusted EBITDA is expected to be at least $185 million. This outlook includes the impact of a 53rd week, which occurs in the fiscal fourth quarter of 2021.