Performance Food Group (NYSE:PFGC) Announces Earnings Results

Performance Food Group (NYSE:PFGC) released its earnings results on Wednesday. The food distribution company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03, FiscalAI reports. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The company had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. During the same quarter last year, the business posted $0.79 EPS. Performance Food Group’s quarterly revenue was up 6.4% compared to the same quarter last year.

Here are the key takeaways from Performance Food Group’s conference call:

• PFG reported solid quarter with total net sales up 6.4%, company cases +4.4%, adjusted EBITDA +6.6% to $410.6M, and independent restaurant cases accelerating to +6.5%, which management says demonstrates momentum into FY2027.
• The Convenience segment (Core‑Mark) was a standout with 8.3% organic case growth, 8.7% revenue growth and an impressive reported adjusted EBITDA performance (~34%), driven by onboarding of Love’s and RaceTrac and strong execution.
• Near‑term profitability was pressured by investments and transition costs at Cheney (new Florence, SC facility) and related double‑staffing during cutovers, contributing to a year‑over‑year net income decline of 28.5% (to $41.7M) and elevated expenses that will carry into Q4.
• Cash generation is strong — >$1.0B operating cash flow in first nine months and $806M free cash flow — allowing continued CapEx for growth, opportunistic buybacks, debt reduction priority, and a continued M&A pipeline.
• Management tightened FY2026 guidance (sales now $67.7B–$68.0B; adjusted EBITDA $1.90B–$1.93B) and reiterated the FY2028 targets ($73B–$75B sales; $2.3B–$2.5B adjusted EBITDA), signaling confidence in medium‑term execution despite near‑term headwinds (fuel and transition costs).

Performance Food Group Stock Performance

Shares of Performance Food Group stock traded up $0.54 during trading on Friday, hitting $93.25. 2,458,014 shares of the stock were exchanged, compared to its average volume of 1,983,659. The stock’s fifty day moving average is $88.27 and its 200 day moving average is $92.46. The stock has a market cap of $14.65 billion, a PE ratio of 44.41, a P/E/G ratio of 1.46 and a beta of 0.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. Performance Food Group has a 12 month low of $80.82 and a 12 month high of $109.05.

Insiders Place Their Bets

In other Performance Food Group news, insider Chasity D. Grosh sold 1,843 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total transaction of $169,611.29. Following the completion of the transaction, the insider directly owned 6,601 shares of the company’s stock, valued at $607,490.03. The trade was a 21.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Performance Food Group

Several large investors have recently added to or reduced their stakes in PFGC. Wellington Management Group LLP boosted its position in Performance Food Group by 46.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock worth $646,447,000 after acquiring an additional 1,964,799 shares during the period. Invesco Ltd. increased its holdings in shares of Performance Food Group by 79.1% during the third quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after purchasing an additional 1,168,869 shares during the period. UBS Group AG raised its stake in shares of Performance Food Group by 246.4% during the third quarter. UBS Group AG now owns 1,158,288 shares of the food distribution company’s stock valued at $120,508,000 after purchasing an additional 823,882 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Performance Food Group by 101.2% during the third quarter. Bank of America Corp DE now owns 1,265,685 shares of the food distribution company’s stock valued at $131,682,000 after purchasing an additional 636,506 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Performance Food Group by 194.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 833,228 shares of the food distribution company’s stock worth $86,689,000 after purchasing an additional 550,551 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PFGC shares. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Barclays boosted their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. UBS Group reduced their price target on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.