For the quarter ended September 2024, Performance Food Group (PFGC) reported revenue of $15.42 billion, up 3.2% over the same period last year. EPS came in at $1.16, compared to $1.15 in the year-ago quarter.The reported revenue represents a surprise of +0.68% over the Zacks Consensus Estimate of $15.31 billion. With the consensus EPS estimate being $1.21, the EPS surprise was -4.13%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Performance Food Group (PFGC) came out with quarterly earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.13%. A quarter ago, it was expected that this food distributor would post earnings of $1.35 per share when it actually produced earnings of $1.45, delivering a surprise of 7.41%.Over the last four quarter ...

Revenue and Sales Performance - Total case volume increased 2.6% in Q1 fiscal 2025, with independent foodservice case volume growing 7.8% and organic independent foodservice case volume up 4.3%[1][3] - Net sales grew 3.2% to $15.4 billion in Q1 fiscal 2025, driven by acquisitions, case volume growth, and inflation-driven price increases[1][4] - Net sales increased to $15,415.5 million in Q3 2024, up 3.2% from $14,938.6 million in Q3 2023[25] - Total net sales for Q3 2024 were $15,415.5 million, an increase of 3.2% compared to $14,938.6 million in Q3 2023[40] - Foodservice segment net sales increased 5.7% to $7.7 billion in Q1 fiscal 2025, with independent sales representing 41.7% of total segment sales[11] - Foodservice segment net sales for Q3 2024 were $7,692.1 million, an increase of 5.7% compared to $7,277.0 million in Q3 2023[40] - Vistar segment net sales for Q3 2024 were $1,285.7 million, an increase of 2.8% compared to $1,250.4 million in Q3 2023[40] - Convenience segment net sales for Q3 2024 were $6,363.7 million, an increase of 0.4% compared to $6,337.0 million in Q3 2023[40] Profitability and Margins - Gross profit increased 6.1% to $1.8 billion in Q1 fiscal 2025, primarily due to acquisitions, procurement efficiencies, and favorable product mix[1][5] - Gross profit rose to $1,764.2 million in Q3 2024, a 6.1% increase from $1,662.9 million in Q3 2023[25] - Net income decreased 10.5% to $108.0 million in Q1 fiscal 2025, impacted by higher operating expenses and interest costs[1][7] - Net income decreased to $108.0 million in Q3 2024, down 10.5% from $120.7 million in Q3 2023[25] - Net income (GAAP) for Q3 2024 was $108.0 million, a decrease of 10.5% compared to $120.7 million in Q3 2023[37] Adjusted EBITDA and Segment Performance - Adjusted EBITDA rose 7.3% to $411.9 million in Q1 fiscal 2025, with Foodservice segment Adjusted EBITDA up 13.8% to $280.0 million[1][8][12] - Adjusted EBITDA (Non-GAAP) for Q3 2024 was $411.9 million, an increase of 7.3% compared to $383.8 million in Q3 2023[37] - Foodservice Segment Adjusted EBITDA for Q3 2024 was $280.0 million, an increase of 13.8% compared to $246.0 million in Q3 2023[41] - Vistar Segment Adjusted EBITDA for Q3 2024 was $83.2 million, a decrease of 6.1% compared to $88.6 million in Q3 2023[41] - Convenience Segment Adjusted EBITDA for Q3 2024 was $105.3 million, an increase of 11.2% compared to $94.7 million in Q3 2023[41] - Vistar segment Adjusted EBITDA decreased 6.1% to $83.2 million in Q1 fiscal 2025, impacted by a 20.2% increase in operating expenses[13] Cash Flow and Financial Position - Operating cash flow decreased to $53.5 million in Q1 fiscal 2025 from $87.1 million in prior year, due to advanced inventory purchases[9] - Net cash provided by operating activities decreased to $53.5 million in Q3 2024, down 38.6% from $87.1 million in Q3 2023[27] - Free cash flow (Non-GAAP) for Q3 2024 was -$43.0 million, compared to $33.9 million in Q3 2023[38] - Capital expenditures increased by $43.3 million to $96.5 million in Q1 fiscal 2025, resulting in negative free cash flow of $43.0 million[10] - Net cash used in investing activities increased to $669.8 million in Q3 2024, up from $266.9 million in Q3 2023, primarily due to acquisitions[27] - Cash and restricted cash increased to $50.3 million as of September 28, 2024, up from $15.2 million as of September 30, 2023[27][28] - Long-term debt increased to $3,926.0 million as of September 28, 2024, up from $3,198.5 million as of June 29, 2024[26] - The company borrowed $1,000.0 million under Notes due 2032 in Q3 2024[27] Future Outlook and Risks - For full fiscal 2025, the company expects net sales of $62.5-$63.5 billion and Adjusted EBITDA of $1.7-$1.8 billion[15] - The Cheney Brothers Acquisition poses risks including potential integration challenges and uncertainty in expected financial performance[23] Key Performance Metrics - Adjusted EBITDA is used as a key performance metric and is tied to the company's $5.0 billion secured credit facility[32]

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks ...

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 offers value investors a better bang for their buck right now? We'll need to take a closer look. 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 proven Zacks Rank puts an emphasis on earnings estimates ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...

Industry Overview - The Zacks Natural Foods Products industry includes companies that manufacture and sell a variety of organic and natural products, including fruits, vegetables, dairy, bakery items, meat, seafood, and packaged meals [3] - The industry is experiencing growth due to increasing consumer health awareness and demand for nutritious products, leading companies to expand product lines and invest in digital capabilities [1][5] Major Trends - There is a significant shift towards healthier eating habits, with consumers prioritizing fresh and organic food choices, which is positively impacting the natural food industry [4] - Companies are diversifying their offerings and expanding market reach through strategic partnerships and acquisitions, focusing on research and development for convenient, flavorful options [5] Financial Performance - The Zacks Natural Foods Products industry has outperformed the broader Zacks Retail - Wholesale sector and the S&P 500 over the past year, with a growth of 59.9% compared to 25.5% and 27.2% respectively [11] - The industry's current forward 12-month price-to-earnings (P/E) ratio is 17.88X, lower than the S&P 500's 21.48X and the sector's 23.28X, indicating potential value [12] Company Highlights - **Sprouts Farmers Market, Inc. (SFM)**: This company has seen a 156.8% increase in stock price over the past year, with a consensus EPS estimate for the current fiscal year rising by 8% to $3.37 [14] - **SpartanNash Company (SPTN)**: The company has demonstrated resilience and a focus on profitability, with shares increasing by 27.2% in the past year and EPS estimates rising from $1.94 to $1.96 [16] - **Performance Food Group Company (PFGC)**: This company has benefited from its position in the food-away-from-home market, with shares rising by 23.9% in the past year, although EPS estimates have slightly declined from $4.92 to $4.87 [18]

Performance Food Group Co. PFGC is one of the largest food service distributors in the United States. The company sources, markets, and delivers food and foodrelated products through a network of over 150 distribution facilities to over 125,000 businesses in the food service industry. The company is acquiring food service distributor Cheney Brothers for $2.1 billion, which will expand its footprint with restaurant and hospitality customers in the Southeastern region of the United States. The drop in inflati ...

The already-powerful company aims to bulk up even more through acquisitions. Performance Food Group's (PFGC 1.20%) shares were performing very well over the past few trading sessions, to the point where they were up by nearly 12% in price week to date as of early Friday morning. That's according to data compiled by S&P Global Market Intelligence. The main reason why wasn't exactly a mystery -- the comestibles company posted a very encouraging quarterly earnings report. A convincing earnings beat Performance ...

Tom Werner August 14th ended up being a really good day for shareholders of food distribution giant Performance Food Group Company (NYSE:PFGC). Shares of the company closed up 7.7% after two different announcements that management made. For starters, management announced financial results covering the final quarter of the company's 2024 fiscal year. Although revenue and earnings per share fell short of expectations, adjusted earnings exceeded forecasts. Management also included in this announcement guidance ...