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Jun 27, 2020
PFG Q4 2020 Earnings Report
PFG's Q4 fiscal year 2020 results were impacted by the COVID-19 pandemic but acquisitions partially offset the decline.
Key Takeaways
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.
Total case volume declined 11.5%.
Net sales declined 2.1% to $5.8 billion.
Gross profit declined 8.7% to $639.1 million.
Net loss of $151.2 million.
Revenue by Segment
Forward Guidance
Due to the continued macroeconomic environment uncertainty relating to the COVID-19 pandemic, PFG will not be providing fiscal 2021 financial guidance at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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