Performance Food Group (PFGC) Misses Q3 EPS by 9c, Revenue Beats, Offers Guidance

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Go back to Performance Food Group (PFGC) Misses Q3 EPS by 9c, Revenue Beats, Offers Guidance

Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2021 Results

May 5, 2021 7:00 AM EDT

Delivers Strong Sales and Independent Case Volume Growth;

Generates $173.1 million of Cash Flow from Operating Activities in First-Nine Months

Third-Quarter Fiscal 2021 Highlights

Net sales increased 2.9% to $7.2 billion Gross profit improved 3.1% to $832.7 million Net loss of $7.6 million Adjusted EBITDA decreased 7.6% to $121.2 million1 Diluted loss per share $0.06 Adjusted Diluted Earnings Per Share (EPS) decreased 67.2% to $0.191

First-Nine Months Fiscal 2021 Highlights

Net sales increased 9.2% to $21.1 billion Gross profit improved 10.3% to $2.5 billion Net income declined 74.9% to $9.3... More