Performance Food Group (PFGC) Tops Q2 EPS by 9c

Performance Food Group (NYSE: PFGC) reported Q2 EPS of $0.35, $0.09 better than the analyst estimate of $0.26. Revenue for the quarter came in at $6.85 billion versus the consensus estimate of $6.88 billion.

Second-Quarter Fiscal 2021 Highlights

• Total case volume grew 8.4%
• Net sales increased 12.8% to $6.8 billion
• Gross profit improved 14.0% to $811.1 million
• Net income declined 57.3% to $17.6 million
• Adjusted EBITDA increased 10.6% to $158.0 million1
• Diluted Earnings Per Share (“EPS”) decreased 66.7% to $0.13
• Adjusted Diluted EPS declined 39.7% to $0.351

“I am proud of how our Company has continued to navigate through the current market conditions and distinguish ourselves as leaders in the food distribution industry,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “Despite the new challenges the holiday season brought for our business, our Foodservice segment still delivered a solid quarter while continuing the smooth integration of Reinhart. Looking ahead, I believe PFG is well-positioned to take advantage of a better operating environment in the not-too-distant future.”

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

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