Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2020 Results
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Performance Food Group (PFGC) Tops Q2 EPS by 14c; Offers FY20 EPS Guidance Above Consensus
February 5, 2020 7:02 AM ESTPerformance Food Group (NYSE: PFGC) reported Q2 EPS of $0.58, $0.14 better than the analyst estimate of $0.44. Revenue for the quarter came in at $6.1 billion versus the consensus estimate of $6.13 billion.
Second-Quarter Fiscal 2020 Highlights
Total case volume grew 6.7%Net sales increased 31.5% to $6.1 billionGross profit improved 15.7% to $711.2 millionNet income declined 4.4% to $41.2 million primarily due to higher interest expenseAdjusted EBITDA increased 22.2% to $142.9 million1Diluted Earnings Per Share (EPS) decreased 4.9% to $0.39Adjusted Diluted EPS increased 9.4% to $0.581After a... More
