UBS Lowers PT on Performance Food Group (PFGC) Stock

Core Viewpoint - Performance Food Group Company (NYSE:PFGC) is recognized as one of the best FMCG stocks to invest in, despite a recent price target reduction by UBS from $120 to $108 while maintaining a "Buy" rating, indicating a stable growth outlook for the company [1]. Financial Performance - For Q2 2026, Performance Food Group reported a 5.2% year-over-year increase in net sales, reaching $16.4 billion, driven by higher case sales and increased selling prices per case [3]. - The company's total case volume rose by 3.4% year-over-year, with organic case volume increasing by 2.8% due to a 5.3% rise in organic independent cases [2]. - Net income for Q2 2026 increased by $19.3 million year-over-year to $61.7 million, supported by higher gross profit, although this was partially offset by increased operating expenses, income taxes, and interest expenses [3]. Future Outlook - For Q3 2026, Performance Food Group anticipates net sales to be between approximately $16.0 billion and $16.3 billion, indicating continued growth in the upcoming quarter [4].