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Performance Food Group (PFGC)
NYSE:PFGC
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.9Last Year’s EPS
0.8Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -3.87%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in organic case volumes and successful integration of recent acquisitions, leading to strong financial performance. However, challenges in the Vistar segment and increased leverage due to acquisitions were noted as areas of concern.Company Guidance
During the fiscal second quarter of 2025, Performance Food Group (PFG) reported a 9.4% increase in net sales, driven by organic growth and contributions from acquisitions like Jose Santiago and Cheney Brothers. Organic independent restaurant case volume rose 5%, with expectations for a 6% growth by fiscal year-end. The Foodservice segment achieved a 29.4% increase in adjusted EBITDA, and the Convenience segment saw a 28.5% growth, despite challenges in the cigarette category. Vistar experienced a 1.4% case growth, with improvements anticipated in the second half of the fiscal year. PFG's adjusted EBITDA increased by 22.5% to $423 million, surpassing guidance expectations, while adjusted diluted earnings per share rose 8.9% to $0.98. The company plans to focus on debt reduction to bring leverage back within the target range of 2.5 to 3.5 times and has raised its full-year sales guidance to a range of $63 billion to $64 billion, with an adjusted EBITDA expectation of $1.725 billion to $1.8 billion.Organic Independent Restaurant Case Volume Growth
Organic independent restaurant case volume grew by 5% in the fiscal second quarter, with a notable increase to over 7% in October and November combined.
Vistar and Convenience Segment Performance
Vistar saw a 1.4% case growth with positive sales growth across vending, office coffee services, and corrections channels. Convenience business showed progress with mid-single-digit growth in foodservice cases.
Successful Integration and Performance of Acquisitions
Early results from the Cheney Brothers and Jose Santiago acquisitions were strong, with double-digit top and bottom line performance.
Adjusted EBITDA Growth
PFG reported an adjusted EBITDA increase of 22.5% to $423 million, surpassing the guidance range.
Record Net Sales Growth
Total net sales grew 9.4% in the quarter, driven by organic growth and contributions from recent acquisitions.
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PFGC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PFGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $90.60 | $88.22 | -2.63% |
| Nov 06, 2024 | $82.33 | $87.62 | +6.43% |
| Aug 14, 2024 | $67.08 | $72.25 | +7.71% |
| May 08, 2024 | $69.29 | $69.18 | -0.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Performance Food Group (PFGC) report earnings?
Performance Food Group (PFGC) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Performance Food Group (PFGC) earnings time?
Performance Food Group (PFGC) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PFGC EPS forecast?
PFGC EPS forecast for the fiscal quarter 2025 (Q3) is 0.9.
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