Core Insights - Performance Food Group Company (PFGC) reported first-quarter adjusted earnings per share of $1.18, missing the analyst consensus estimate of $1.21 [1] - Quarterly sales reached $17.076 billion, reflecting a 10.8% year-over-year increase, surpassing the Street view of $16.879 billion [1] Financial Performance - Net sales increased due to recent acquisitions, higher case volumes, and inflation-driven price increases, with overall product cost inflation at approximately 4.4% [2] - Total case volume rose by 9.4%, with Independent Foodservice case volume increasing by 16.6%, including a 6.3% organic growth [3] - Gross profit grew by 14.3% to $2 billion compared to the prior year, primarily driven by acquisitions [3] - Adjusted EBITDA increased by 16.6% to $480.1 million compared to the prior year [3] Segment Performance - Foodservice segment sales increased by 18.8% to $9.1 billion, with total case growth of 15.6% [4] - Convenience segment sales rose by 3.5% to $6.6 billion [4] - Specialty segment net sales decreased by 0.7% to $1.3 billion, driven by a decline in cases sold, despite growth in certain channels [5] Outlook - The company expects second-quarter sales between $16.40 billion and $16.70 billion, exceeding the analyst estimate of $16.462 billion [6] - Fiscal year 2026 sales outlook has been raised to $67.5 billion–$68.5 billion, surpassing the previous range and exceeding the $67.321 billion estimate [6] - PFGC shares are trading higher by 1.29% to $98.03 at the time of publication [6]