Performance Food Group (PFGC) Misses Q3 EPS by 1c, Revenues Beat; Provides FY19 Growth Outlook

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Go back to Performance Food Group (PFGC) Misses Q3 EPS by 1c, Revenues Beat; Provides FY19 Growth Outlook

Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2019 Results

May 8, 2019 7:00 AM EDT

Foodservice and Vistar Segments Deliver Strong Sales Growth

Reaffirms 2019 Fiscal Outlook

Third-Quarter Fiscal 2019 Highlights

Total case volume grew 5.3% Net sales increased 7.8% to $4.7 billion Gross profit improved 8.2% to $604.7 million Net income declined 4.2% to $32.3 million Adjusted EBITDA increased 11.0% to $106.1 million1 Diluted Earnings Per Share (EPS) decreased 3.1% to $0.31 Adjusted Diluted EPS increased 2.9% to $0.351

First-Nine Months Fiscal 2019 Highlights

Total case volume grew 4.8% Net sales increased 6.3% to $13.8 billion... More