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Performance Food's Q1 Topline Misses By A Whisker; Sticks To Its Long-Term Outlook

Performance Food Group Company (NYSE: PFGC) reported Q1 FY24 sales growth of 1.5% Y/Y to $14.94 billion, marginally missing the consensus of $14.96 billion.

Adjusted EPS increased 6.5% Y/Y to $1.15, beating the consensus of $1.09.

"Our organization had an excellent start to fiscal 2024, closing the first quarter with strong sales and profit momentum," said George Holm, PFG's Chairman and Chief Executive Officer.

The increase in net sales was primarily attributable to an increase in cases sold, partially offset by a decrease in selling price per case.

Quarterly ...

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