Performance Food Group (PFGC)
NYSE:PFGC
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Earnings Data
Report Date
Aug 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.61Last Year’s EPS
1.55Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a majority of positive operational and financial developments—broad-based top-line growth (6.4% sales), improved adjusted EBITDA (+6.6% to $410.6M), strong cash flow (> $1B operating cash flow YTD), and solid segment execution (notably Convenience and independent Foodservice case growth). Several actionable near-term challenges were acknowledged, including integration and transition costs at Cheney Brothers, inflationary pressures (particularly in Convenience and Specialty), a March fuel-related headwind (~$7.3M), and Specialty’s negative EBITDA in the quarter. Management tightened full-year guidance while reiterating confidence in achieving multi-year targets and highlighted strategic M&A and capacity investments that should support 2027 acceleration. Overall, positive results and strong cash generation outweigh the transitory and segment-specific headwinds discussed on the call.Company Guidance
Top-line Revenue Growth
Total net sales grew 6.4% year-over-year in the fiscal third quarter, driven by contributions from all three operating segments with particular strength in Convenience.
Adjusted EBITDA and EPS Improvement
Adjusted EBITDA increased 6.6% to $410.6 million. Adjusted diluted EPS was $0.80, up 1.3% year-over-year, demonstrating operating leverage despite some below-the-line headwinds.
Strong Independent Case and Account Growth
Foodservice independent case volume accelerated to 6.5% growth (above the 6% benchmark) with net new account growth of ~5.4% and a 100 basis point differential between new account growth and total case growth, indicating improved penetration of existing accounts.
Convenience Segment Outperformance
Convenience delivered 8.3% organic case growth and 8.7% total revenue growth in the quarter, and reported an outstanding 34.1% adjusted EBITDA performance for the period; Core Mark successfully onboarded major customers (Love’s and RaceTrac).
Specialty Revenue Growth and Channel Expansion
Specialty (Vistar) achieved 1.1% case growth and a 5.3% revenue increase year-over-year, with continued expansion into e-commerce fulfillment, specialty grocery and campus retail channels.
Improved Gross Profit Per Case
Total company gross profit increased 6.4%, with gross profit per case improving by $0.20 versus the prior year, credited to favorable mix, procurement initiatives and brand execution.
Strong Operating Cash Flow and Free Cash Flow Improvement
For the first nine months of fiscal 2026, the company generated over $1 billion of operating cash flow (up ~ $245 million year-over-year) and materially increased free cash flow (up ~$312 million YoY), supporting investment and capital priorities.
Capital Investment Discipline and Capacity Build
Invested ~$266 million in CapEx in the first nine months with an expectation that full year CapEx will be below the long-term target (~70 bps of net revenue). Opened a new state-of-the-art broadline distribution facility in Florence, SC to add capacity.
Tightened Full-Year Guidance and Multi-Year Targets
Tightened fiscal 2026 guidance to sales of $67.7B–$68.0B and adjusted EBITDA of $1.90B–$1.93B, and reiterated track toward Investor Day three‑year targets (fiscal 2028 sales $73B–$75B; adjusted EBITDA $2.3B–$2.5B).
Strategic M&A and Geographic Expansion
Closed acquisition of Cash‑Wa (broadline distributor in Kearney, NE) to expand western presence; M&A pipeline described as robust and focused on broadline Foodservice targets.
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
PFGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $87.12 | $92.88 | +6.61% |
Feb 04, 2026 | $97.09 | $89.86 | -7.45% |
Nov 05, 2025 | $96.65 | $95.50 | -1.19% |
Aug 13, 2025 | $98.36 | $101.27 | +2.96% |
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.
FAQ
When does Performance Food Group (PFGC) report earnings?
Performance Food Group (PFGC) is schdueled to report earning on Aug 19, 2026, Before Open (Confirmed).
What is Performance Food Group (PFGC) earnings time?
Performance Food Group (PFGC) earnings time is at Aug 19, 2026, Before Open (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 2026 (Q4) is 1.61.