Performance Food down after quarterly sales miss estimates - PFGC News | RalliesPerformance Food down after quarterly sales miss estimates
P
PFGC• Quarterly results and outlook
- Shares of Performance Food Group Company PFGC.N were down 6% at $106.70.
- The company missed fourth-quarter sales estimates, hurt by weak consumer sentiment amid macroeconomic uncertainty.
- It reported quarterly net sales of $18.03 billion, versus estimates of $18.14 billion, according to LSEG data.
- However, it logged quarterly adjusted EPS of $1.59, beating estimates of $1.38.
- The company expects FY2027 adjusted EBITDA between about $2.125 billion and $2.225 billion, compared with estimates of $2.19 billion.
- It expects annual net sales of about $72.5 billion to $73 billion, versus estimates of $72.63 billion.
- As of the last close, the stock was up about 27% year to date.
•
