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Performance Food (PFGC) Reports Q1 Earnings: What Key Metrics Have to Say
PFGCPerformance Food pany(PFGC) ZACKS·2024-11-06 15:35

Core Insights - Performance Food Group (PFGC) reported revenue of 15.42billionforthequarterendedSeptember2024,reflectingayear−over−yearincreaseof3.215.42 billion for the quarter ended September 2024, reflecting a year-over-year increase of 3.2% [1] - The earnings per share (EPS) for the quarter was 1.16, slightly up from 1.15inthesamequarterlastyear[1]−ThereportedrevenueexceededtheZacksConsensusEstimateby0.681.15 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate by 0.68%, while the EPS fell short of the consensus estimate by 4.13% [1] Revenue Breakdown - Revenue from Convenience was 6.36 billion, matching the average estimate from analysts [3] - Revenue from Foodservice reached 7.69billion,surpassingtheaverageestimateof7.69 billion, surpassing the average estimate of 7.58 billion [3] - Revenue from Eliminations was reported at -182.10million,whichwasbelowtheaverageestimateof−182.10 million, which was below the average estimate of -168.19 million [3] - Corporate & All Other revenue was 256.10million,slightlyabovetheaverageestimateof256.10 million, slightly above the average estimate of 251.73 million [3] - Revenue from Vistar was 1.29billion,exceedingtheaverageestimateof1.29 billion, exceeding the average estimate of 1.25 billion [3] Stock Performance - Performance Food's shares have returned +5% over the past month, outperforming the Zacks S&P 500 composite, which saw a +0.7% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]