Performance Food Group (PFGC) Misses Q4 EPS by 7c, Revenues Miss; Offers FY19 EPS Outlook Below Consensus

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Go back to Performance Food Group (PFGC) Misses Q4 EPS by 7c, Revenues Miss; Offers FY19 EPS Outlook Below Consensus

Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2018 Results

August 15, 2018 7:00 AM EDT

Full-Year Double-Digit Earnings Growth Driven by Vistars Strong Results, Increased Independent Sales and Improved Gross Margin

Strong Cash Flow Driven by Improved Operating Profit, Working Capital Management and Lower Taxes

Fourth-Quarter Fiscal 2018 Highlights

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

Full-Year Fiscal 2018 Highlights

... More