Guggenheim Reiterates Buy on Performance Food Group (PFGC) as Shares Trade Up

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Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2018 Results

May 9, 2018 7:00 AM EDT

Delivers Strong Earnings and Cash Flow

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

First-Nine Months Fiscal 2018 Highlights

Total case volume increased 2.8% Net sales grew 5.6% to $13.0 billion Gross profit was up 8.5% to $1.7 billion... More