Performance Food Group (NYSE: PFGC) reported Q4 EPS of $0.53, $0.07 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $4.59 billion versus the consensus estimate of $4.66 billion.

• Total case volume grew 3.3%
• Net sales increased 3.7% to $4.6 billion
• Gross profit improved 6.4% to $611.8 million
• Net income grew 59.4% to $64.4 million
• Adjusted EBITDA increased 3.0% to $135.4 million1
• Diluted Earnings Per Share (“EPS”) grew 56.4% to $0.61
• Adjusted diluted EPS increased 10.4% to $0.531

“Our business generated double-digit earnings growth and strong cash flow resulting in full-year results in line with our expectations,” said George Holm, PFG’s President and Chief Executive Officer. “Vistar had an exceptional year as the strategic investments we made 18 months ago paid dividends in the fourth quarter and will fuel growth in the coming years. In Performance Foodservice, we are making strategic investments in people and technology to support our growth objectives. Looking ahead, we believe we are well-positioned across our businesses for another fiscal year of double-digit adjusted earnings growth.”

GUIDANCE:

Performance Food Group sees FY2019 EPS of $1.72-$1.82, versus the consensus of $1.93.

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