PFG Q4 2022 Earnings Report
Key Takeaways
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.
Total case volume grew 17%
Net sales increased 57% to $14.6 billion
Gross profit improved 40% to $1.5 billion
Adjusted Diluted EPS increased 91% to $1.07
PFG
PFG
PFG Revenue by Segment
Forward Guidance
For the fiscal first quarter of 2023, PFG expects net sales to be in a range of $14.2 billion to $14.5 billion and Adjusted EBITDA to be in a range of $280 million to $300 million. For the fiscal second quarter of 2023, PFG expects net sales to be in a range of $13.5 billion to $13.8 billion and Adjusted EBITDA to be in a range of $245 million to $265 million. For the full fiscal year 2023, PFG expects net sales to be in a range of $56 billion to $58 billion and Adjusted EBITDA to be in a range of $1.15 billion to $1.25 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income