Performance Food: Fiscal Second Quarter Earnings Overview

Performance Food Group Announces Second Quarter Financial Results

Performance Food Group Co., headquartered in Richmond, Virginia, revealed a net profit of $61.7 million for its fiscal second quarter.

The company reported earnings of 39 cents per share, with adjusted earnings—excluding certain one-time items—coming in at 98 cents per share.

These figures were below analysts’ expectations. According to a survey by Zacks Investment Research involving four analysts, the consensus estimate was $1.07 per share.

During the quarter, the food distribution company generated $16.44 billion in revenue, which also missed projections. Analysts surveyed by Zacks had anticipated revenue of $16.56 billion.

Looking ahead to the quarter ending in March, Performance Food Group projects revenue between $16 billion and $16.3 billion.

For the full fiscal year, the company forecasts total revenue in the range of $67.25 billion to $68.25 billion.

Financial data for this report was compiled using information from Zacks Investment Research and processed by Automated Insights.