Performance Food beats Q1 profit estimates on higher prices, cases sold
PFGC•Performance Food Group reported fiscal Q1 adjusted EPS of $1.32, above the $1.28 estimate, while net sales of $18.02 billion matched expectations. It reiterated fiscal 2027 guidance for net sales of $72.5 billion to $73.0 billion and adjusted EBITDA of $2.125 billion to $2.225 billion.
1. Quarterly results
Performance Food Group’s fiscal Q1 adjusted EPS rose 11.9% year over year to $1.32, beating the $1.28 analyst estimate. Net sales increased 5.5% to $18.02 billion, in line with expectations; adjusted EBITDA was $528 million versus an estimate of $522.11 million.
2. Outlook and drivers
The company maintained its fiscal 2027 net sales outlook of $72.5 billion to $73.0 billion and adjusted EBITDA outlook of $2.125 billion to $2.225 billion. For Q2, it expects net sales of $17.0 billion to $17.2 billion and adjusted EBITDA of $490 million to $510 million. It attributed growth to higher total and independent Foodservice case volumes, inflation-driven pricing and acquisitions.
