08:05 AM EDT, 05/08/2024 (MT Newswires) -- Performance Food Group ( PFGC ) reported fiscal Q3 adjusted earnings Wednesday of $0.80 per diluted share, down from $0.83 a year earlier.

Analysts surveyed by Capital IQ expected $0.84.

Net sales for the quarter ended March 30 were $13.86 billion, up from $13.77 billion a year earlier. Analysts surveyed by Capital IQ expected $14.19 billion.

The company said it expects fiscal Q4 net sales to range between $15 billion and $15.40 billion. Analysts polled by Capital IQ expect $15.60 billion.

Fiscal 2024 net sales will now likely range between $58.10 billion and $58.50 billion versus the company's prior guidance range of $59 billion to $60 billion, Performance Food Group ( PFGC ) said. Analysts polled by Capital IQ expect $59.02 billion.

The company's shares were down more than 2% in recent Wednesday premarket activity.

Price: 67.90, Change: -1.39, Percent Change: -2.01