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0 0 0 0 0.0499718626899268 0.0499718626899268 -0.0235227912211593 -0.0224535734383793
Stock impact report

Performance Food Group announces Q1 fiscal 2025 financial results [Yahoo! Finance]

Performance Food Group Company (PFGC) 
Last performance food group company earnings: 2/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.pfgc.com
Company Research Source: Yahoo! Finance
The company's net income fell by 10.5% year-on-year (YoY) to $108m, primarily due to higher operating expenses and interest costs, despite a gross profit rise and lower income tax expense. Total case volume saw an uptick of 2.6% compared to the same period of 2023, indicating a positive trend in product movement. Specifically, organic independent foodservice case volume grew by 4.3%, reflecting robust demand within this segment. Net sales for the quarter saw growth of 3.2%, reaching $15.4bn from the previous year's figure of $14.938bn. This was bolstered by gross profit which also grew by 6.1% to $1.764bn, driven by strategic acquisitions and procurement efficiencies. Despite overall sales growth, net income for the quarter decreased to $108m from the previous year's $120.7m. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for foodservice, however, saw a significant increase of 13.8% to $280m, suggesting improved operational efficiency or Show less Read more
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