Performance Food Group (PFGC) Tops Q2 EPS by 14c; Offers FY20 EPS Guidance Above Consensus
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Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2020 Results
February 5, 2020 7:00 AM ESTDelivers Double-Digit Sales Growth and Strong Cash Flow;
Updates 2020 Full-Year Fiscal Outlook
Second-Quarter Fiscal 2020 Highlights
Total case volume grew 6.7% Net sales increased 31.5% to $6.1 billion Gross profit improved 15.7% to $711.2 million Net income declined 4.4% to $41.2 million primarily due to higher interest expense Adjusted EBITDA increased 22.2% to $142.9 million1 Diluted Earnings Per Share (EPS) decreased 4.9% to $0.39 Adjusted Diluted EPS increased 9.4% to $0.581First-Half Fiscal 2020 Highlights
Total case volume grew 8.7% Net sales increased 34.5% to $12.3 billion Gross profit improved 17.7% to $1.4... More