Performance Food Group (PFGC) Tops Q2 EPS by 6c, Revenues Beat; Affirms FY19 Outlook

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Go back to Performance Food Group (PFGC) Tops Q2 EPS by 6c, Revenues Beat; Affirms FY19 Outlook

Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2019 Results

February 6, 2019 7:00 AM EST

Vistar Delivers Double-Digit Sales Growth; Strong Cash Flow; and

Reaffirms 2019 Full-Year Fiscal Outlook

Second-Quarter Fiscal 2019 Highlights

Total case volume grew 5.5% Net sales increased 7.1% to $4.6 billion Gross profit improved 8.3% to $614.6 million Net income declined 44.7% to $43.1 million primarily due to the prior year impact of the Tax Cuts and Jobs Act Adjusted EBITDA increased 11.3% to $116.9 million1 Diluted Earnings Per Share (EPS) decreased 45.3% to $0.41 Adjusted diluted EPS increased 15.0% to $0.461

First-Half Fiscal 2019 Highlights

Total case volume grew 4.6%... More