Performance Food Group (PFGC) Tops Q3 EPS by 36c, Revenues Miss

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Go back to Performance Food Group (PFGC) Tops Q3 EPS by 36c, Revenues Miss

Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2020 Results

May 4, 2020 7:00 AM EDT

Delivers Double-Digit Sales Growth

Third-Quarter Fiscal 2020 Highlights

Total case volume grew 26.4% Net sales increased 49.3% to $7.0 billion Gross profit improved 33.5% to $807.5 million Net loss of $40.2 million Adjusted EBITDA increased 23.6% to $131.1 million1 Diluted loss per share $0.35 Adjusted Diluted Earnings Per Share (EPS) increased 38.1% to $0.581

First-Nine Months Fiscal 2020 Highlights

Total case volume grew 14.6% Net sales increased 39.5% to $19.3 billion Gross profit improved 23.0% to $2.2 billion Net income declined 64.2% to $37.1 million Adjusted EBITDA increased 26.1% to $401.7 million1 Diluted EPS declined... More