Overview

* Performance Food ( PFGC ) Q1 fiscal 2026 sales grow 10.8%, beating analyst expectations

* Adjusted EBITDA for Q1 fiscal 2026 beats estimates, rising 16.6%

* Net income decreased 13.3% to $93.6 mln due to higher operating expenses

Outlook

* Company expects Q2 net sales between $16.4 bln and $16.7 bln

* Company forecasts full-year net sales between $67.5 bln and $68.5 bln

* Company maintains full-year Adjusted EBITDA outlook of $1.9 bln to $2.0 bln

Result Drivers

* ACQUISITIONS AND CASE VOLUME - Net sales growth driven by acquisitions, increased case volume, and inflation-driven price increases

* GROSS PROFIT DRIVERS - Gross profit increase due to acquisitions, inventory holding gains, and pricing improvements

* NET INCOME DECLINE - Decrease in net income due to higher operating and interest expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Sales Beat $17.10 $16.87

bln bln (11

Analysts

)

Q1 Miss $1.18 $1.21

Adjusted (13

EPS Analysts

)

Q1 EPS $0.60

Q1 Net $93.60

Income mln

Q1 Beat $480.10 $478.17

Adjusted mln mln (11

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the food retail & distribution peer group is "buy"

* Wall Street's median 12-month price target for Performance Food Group Co ( PFGC ) is $118.00, about 18.1% above its November 4 closing price of $96.65

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)