For the transition period from to ___________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37578 Performance Food Group Company (Exact name of registrant as specified in its charter) Delaware 43-1983182 (Sta ...

Performance Food Group Company. (NYSE:PFGC) Q2 2025 Earnings Conference Call February 5, 2025 9:00 AM ET Company Participants Bill Marshall - VP, IR George Holm - CEO Patrick Hatcher - CFO Scott McPherson - COO Conference Call Participants Kelly Bania - BMO Capital Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Mark Carden - UBS Alexander Slagle - Jefferies Jacob Aiken-Phillips - Melius Research Jeffrey Bernstein - Barclays Brian Harbour - Morgan Stanley Jake Barlett - Truist Securities Peter Saleh ...

Performance Food Group (PFGC) reported $15.64 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 9.4%. EPS of $0.98 for the same period compares to $0.90 a year ago.The reported revenue represents a surprise of +0.78% over the Zacks Consensus Estimate of $15.52 billion. With the consensus EPS estimate being $1.03, the EPS surprise was -4.85%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Performance Food Group (PFGC) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.85%. A quarter ago, it was expected that this food distributor would post earnings of $1.21 per share when it actually produced earnings of $1.16, delivering a surprise of -4.13%.Over the last four quarte ...

Financial Performance - Net sales for Q2 FY2025 grew 9.4% to $15.6 billion, driven by acquisitions and inflation-related price increases[8]. - Adjusted EBITDA for Q2 FY2025 increased 22.5% to $423.0 million, reflecting strong operational performance[12]. - Net income for Q2 FY2025 decreased 45.8% to $42.4 million, primarily due to increased interest expenses[11]. - For the first six months of FY2025, net sales rose 6.2% to $31.1 billion, supported by recent acquisitions and case volume growth[14]. - Full FY2025 net sales outlook increased to approximately $63 billion to $64 billion, up from the previous estimate[28]. - Adjusted Diluted EPS for Q2 FY2025 increased 8.9% to $0.98 per share, while diluted EPS decreased 46.0% to $0.27 per share[12]. - Gross profit for the six months ended December 28, 2024, was $3,592.0 million, up 10.1% from $3,261.0 million for the same period in 2023[37]. - Operating profit for the three months ended December 28, 2024, was $158.8 million, a decrease of 8.5% from $173.9 million for the same period in 2023[37]. - Net income for the six months ended December 28, 2024, was $150.4 million, down 24.4% from $199.0 million for the same period in 2023[39]. - Adjusted EBITDA for the six months ended December 28, 2024, was $834.9 million, representing a 14.5% increase from $729.2 million in the prior year[49]. - Total Adjusted EBITDA for the three months ended December 28, 2024, increased by $77.6 million, or 22.5%, to $423.0 million compared to the same period in 2023[54]. - Total Adjusted EBITDA for the six months ended December 28, 2024, rose by $105.7 million, or 14.5%, to $834.9 million compared to the same period in 2023[54]. Cash Flow and Debt - Operating cash flow for the first six months of FY2025 was $379.0 million, down from $554.0 million in the prior year[19]. - Free cash flow for the first six months of FY2025 was $175.1 million, compared to $406.9 million in the prior year[20]. - Cash and restricted cash decreased to $18.7 million as of December 28, 2024, from $27.7 million as of June 29, 2024[39]. - Interest expense for the six months ended December 28, 2024, increased to $167.0 million, a 42.1% rise from $117.5 million in the previous year[49]. - Cash paid for interest during the year was $146.3 million for the six months ended December 28, 2024, compared to $122.3 million in the previous year[40]. - Long-term debt rose to $5,691.2 million as of December 28, 2024, up from $3,198.5 million as of June 29, 2024[38]. - Income tax payments net of refunds for the six months ended December 28, 2024, were $84.1 million, down from $109.0 million in the same period of 2023[40]. Segment Performance - Foodservice segment net sales rose by $1,289.0 million, or 18.2%, reaching $8,368.3 million for the three months ended December 28, 2024[53]. - Convenience segment net sales showed a slight increase of $26.1 million, or 0.4%, reaching $5,967.5 million for the three months ended December 28, 2024[53]. - Vistar segment net sales increased by $32.7 million, or 2.7%, totaling $1,234.6 million for the three months ended December 28, 2024[53]. - Corporate & All Other segment reported a net sales increase of $12.5 million, or 5.5%, reaching $240.2 million for the three months ended December 28, 2024[53]. - Corporate & All Other segment Adjusted EBITDA decreased by $12.3 million, or 22.0%, totaling $(68.1) million for the three months ended December 28, 2024[54]. - Segment Adjusted EBITDA is used to evaluate the performance of the three reportable segments: Foodservice, Vistar, and Convenience[52]. Acquisitions and Risks - The acquisition of Cheney Bros., Inc. is expected to enhance the company's market position, although there are risks associated with integration and realization of anticipated synergies[34]. - The company faces various risks including economic downturns, reliance on third-party suppliers, and intense competition in the foodservice distribution industry[34]. - Acquisition, integration, and reorganization expenses for the six months ended December 28, 2024, were $70.4 million, a significant increase from $13.7 million in the prior year[49]. Asset Management - Total assets increased to $17,097.0 million as of December 28, 2024, compared to $13,392.9 million as of June 29, 2024[38]. - Depreciation for the six months ended December 28, 2024, was $211.5 million, an increase of 24.3% from $170.1 million in the previous year[49].

Investors interested in stocks from the Food - Natural Foods Products sector have probably already heard of Performance Food Group (PFGC) and Sprouts Farmers (SFM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphas ...

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Investors with an interest in Food - Natural Foods Products stocks have likely encountered both Performance Food Group (PFGC) and Sprouts Farmers (SFM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive e ...

Performance Food Group Company (NYSE:PFGC) Q1 2025 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Bill Marshall - VP, IR George Holm - CEO Patrick Hatcher - CFO Conference Call Participants Mark Carden - UBS Kelly Bania - BMO Capital John Heinbockel - Guggenheim Lauren Silberman - Deutsche Bank Alex Slagle - Jefferies Andrew Wolf - CL King Jeffrey Bernstein - Barclays Brian Harbour - Morgan Stanley Edward Kelly - Wells Fargo Peter Saleh - BTIG Operator Good day and welcome to PFG' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ___________ Commission File Number 001-37578 Performance Food Group Company (Exact name of registrant as specified in its charter) Delaware 43-1983182 (St ...