Performance Food Group (PFGC) Tops Q4 EPS by 3c, Offers Guidance

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Go back to Performance Food Group (PFGC) Tops Q4 EPS by 3c, Offers Guidance

Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2022 Results

August 17, 2022 7:00 AM EDT

Strong Net Sales and Profit Growth; Continued Market Share Gains in Independent Restaurants and Solid Performance in All Business Segments; Initiates Fiscal 2023 Guidance

Fourth-Quarter Fiscal 2022 Highlights

Total case volume grew 17% Net sales increased 57% to $14.6 billion Gross profit improved 40% to $1.5 billion Net income increased 142% to $76.0 million Adjusted EBITDA increased 69% to $357.1 million1 Diluted Earnings Per Share (EPS) increased 113% to $0.49 Adjusted Diluted EPS increased 91% to $1.071

Full-Year Fiscal 2022 Highlights

Total case volume grew 29% Net sales increased 67% to $50.9 billion Gross profit improved 49% to $5.3... More