Performance Food Group Reports Fiscal Q1 2027 Results
Sales rose 5.5% to $18.018 billion and net income increased 38.4% to $129.5 million. Adjusted EPS climbed 11.9% to $1.32, and the company reaffirmed fiscal 2027 guidance.
Performance Food Group Company (NYSE: PFGC) announced its fiscal first-quarter 2027 financial results, reporting sales of $18.018 billion, a 5.5% increase, and net income of $129.5 million, up 38.4%. Adjusted earnings per share rose 11.9% to $1.32, surpassing analyst expectations. The company reaffirmed its fiscal 2027 guidance. Operational highlights included 5.5% organic case growth at independent restaurants and an increase in the independent customer sales share to 43%.
Following the report, several analysts raised their price targets for the company.