Performance Food Group (NYSE: PFGC) reported Q3 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.46 billion.

Third-Quarter Fiscal 2018 Highlights

• Total case volume grew 0.8%
• Net sales increased 2.7% to $4.3 billion
• Gross profit improved 7.2% to $558.7 million
• Net income was up 62.0% to $33.7 million
• Adjusted EBITDA grew 6.7% to $95.6 million1
• Diluted earnings per share (“EPS”) increased 60.0% to $0.32
• Adjusted Diluted EPS increased 25.9% to $0.341

Fiscal 2018 Outlook

For fiscal 2018, PFG tightens its fiscal 2018 Adjusted EBITDA outlook for growth to a range of 9% to 11%. The previous fiscal 2018 Adjusted EBITDA range was 8% to 11%. The Company’s fiscal 2017 Adjusted EBITDA was $390.7 million.

PFG reaffirms its Adjusted Diluted EPS outlook representing growth in the range of 24% to 30% to $1.54 to $1.61 over its fiscal 2017 Adjusted Diluted EPS of $1.24.

GUIDANCE:

Performance Food Group sees FY2018 EPS of $1.54-$1.61, versus the consensus of $1.59.

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