Performance Food Group (PFGC) Tops Q3 EPS by 2c, Beat on Revenues; Confirms FY17 Guidance

Performance Food Group (NYSE: PFGC) reported Q3 EPS of $0.27, $0.02 better than the analyst estimate of $0.25. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.11 billion.

GUIDANCE:

Performance Food Group sees FY2017 EPS of $1.23-$1.27, versus the consensus of $1.24.

Third-Quarter Fiscal 2017 Highlights

• Total case volume increased 7.7%
• Net sales increased 8.3% to $4.2 billion
• Gross profit increased 8.4% to $521.4 million
• Operating expenses increased 7.1% to $474.7 million
• Net income increased 121.3% to $20.8 million
• Adjusted EBITDA increased 17.3% to $89.6 million1
• Diluted earnings per share (EPS) increased 122.2% to $0.20 per share
• Adjusted Diluted EPS increased 80.0% to $0.271 per share

For earnings history and earnings-related data on Performance Food Group (PFGC) click here.

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