Performance Food Group (NYSE:PFGC) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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

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 Price Performance

Shares of PFGC stock traded up $0.54 during trading hours on Friday, hitting $93.25. 2,458,014 shares of the company’s stock were exchanged, compared to its average volume of 1,983,659. The company has a market capitalization of $14.65 billion, a PE ratio of 44.41, a PEG ratio of 1.46 and a beta of 0.92. Performance Food Group has a 12-month low of $80.82 and a 12-month high of $109.05. The business’s 50 day simple moving average is $88.27 and its 200-day simple moving average is $92.46. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40.

Insider Activity

In other news, insider Chasity D. Grosh sold 1,843 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total value of $169,611.29. Following the completion of the sale, the insider owned 6,601 shares of the company’s stock, valued at approximately $607,490.03. This represents a 21.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Performance Food Group

Several institutional investors have recently added to or reduced their stakes in PFGC. EverSource Wealth Advisors LLC increased its holdings in shares of Performance Food Group by 440.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after buying an additional 537 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Performance Food Group during the 4th quarter valued at about $67,000. AlphaCentric Advisors LLC bought a new position in Performance Food Group during the 4th quarter worth approximately $82,000. Smartleaf Asset Management LLC grew its position in Performance Food Group by 16.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock worth $91,000 after acquiring an additional 143 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Performance Food Group in the 3rd quarter worth approximately $114,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on PFGC. UBS Group cut their price target on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Barclays lifted their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

About Performance Food Group

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.