Performance Food Group (PFGC) Reports Strong Q2 Results

By Tamara Parker • Wednesday, February 05 15:20 • Permanent Link

Performance Food Group Company (PFGC) has reported its second-quarter and first-six months fiscal 2025 results, showing a strong performance in various metrics. Here are the key highlights:

Second-Quarter Fiscal 2025: Total case volume increased by 9.8% Total independent foodservice case volume increased by 19.8% Net sales increased by 9.4% to $15.6 billion Gross profit improved by 14.4% to $1.8 billion Net income decreased by 45.8% to $42.4 million Adjusted EBITDA increased by 22.5% to $423.0 million Diluted earnings per share (EPS) decreased by 46.0% to $0.27 Adjusted diluted EPS increased by 8.9% to $0.98

First-Six Months Fiscal 2025: Total case volume increased by 6.1% Total independent foodservice case volume increased by 13.5% Net sales increased by 6.2% to $31.1 billion Gross profit improved by 10.2% to $3.6 billion Net income decreased by 24.4% to $150.4 million Adjusted EBITDA increased by 14.5% to $834.9 million Diluted EPS decreased by 24.4% to $0.96 Adjusted diluted EPS increased by 3.9% to $2.13

Cash Flow and Capital Spending: Operating cash flow was reported at $379.0 million Free cash flow amounted to $175.1 million

Share Repurchase Program: * During the six months ended December 28, 2024, the company repurchased and subsequently retired 0.4 million shares of common stock, totaling $33.6 million

Segment Results: Foodservice: Net sales increased by 18.2% to $8.4 billion, and adjusted EBITDA increased by 29.4% to $289.9 million Vistar: Net sales increased by 2.7% to $1.2 billion, and adjusted EBITDA increased by 0.3% to $93.9 million * Convenience: Net sales increased by 0.4% to $6.0 billion, and adjusted EBITDA increased by 28.5% to $107.3 million

Fiscal 2025 Outlook: For the full fiscal year 2025, PFG now expects net sales to be in a range of approximately $63 billion to $64 billion, an increase from the previous range of $62.5 billion to $63.5 billion Adjusted EBITDA is expected to be in the range of $1.725 billion to $1.8 billion, compared to the previously announced range of $1.7 billion to $1.8 billion

As a result of these announcements, the company's shares have moved -2.4% on the market, and are now trading at a price of $88.43. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.