01:24 PM EDT, 08/07/2025 (MT Newswires) -- US Foods ( USFD ) shares slumped intraday Thursday as the foodservice distributor's second-quarter revenue fell short of Wall Street's views, while it confirmed takeover interest in rival Performance Food Group ( PFGC ) .

US Foods' ( USFD ) sales rose 3.8% on annual basis to $10.08 billion for the quarter ended June 28, below the FactSet-polled consensus of $10.18 billion. Adjusted earnings per share advanced to $1.19 from $0.93 a year earlier, ahead of analysts' $1.14 estimate.

Chief Executive Dave Flitman said on an earnings call that it has approached Performance Food ( PFGC ) to discuss a potential deal, although Performance Food ( PFGC ) "has declined our invitation to do so." Last month, Bloomberg News reported that US Foods ( USFD ) was interested in acquiring Performance Food ( PFGC ).

Shares of US Foods ( USFD ) were down 8.1% in Thursday trade.

A combination is expected to drive "meaningful economies of scale" and expanded growth opportunities, along with operational efficiencies, Flitman told analysts.

Performance Food ( PFGC ) didn't reply to MT Newswires' request for comment.

US Foods ( USFD ) raised its 2025 adjusted earnings growth guidance to between 19.5% and 23% from the prior 17% to 23% range. The company affirmed its sales growth outlook of 4% to 6%. Analysts are projecting full-year non-GAAP EPS of $3.83 on revenue of $39.78 billion.

US Foods ( USFD ) reported EPS of $3.15 and sales of $37.88 billion for the prior year.

The company repurchased $250 million of shares in the second quarter. It "will remain prudent as we allocate capital first by investing in the business to drive growth and then balancing share repurchases with tuck-in M&A opportunities," Flitman said on the call.

Price: 77.38, Change: -7.30, Percent Change: -8.62