Performance Food Group Company (PFG) has reported its fourth-quarter and full-year fiscal 2025 results, revealing strong case volume, sales, and profit growth. In the fourth quarter of fiscal 2025, total case volume increased by 11.9%, reaching $16.9 billion in net sales, a growth of 11.5%. Gross profit improved by 14.6% to $2.0 billion, and adjusted EBITDA increased by 19.9% to $546.9 million. However, net income decreased by 21.0% to $131.5 million, and diluted earnings per share (EPS) decreased by 21.5% to $0.84, although adjusted diluted EPS increased by 6.9% to $1.55.
For the full fiscal year 2025, total case volume increased by 8.5%, reaching $63.3 billion in net sales, a growth of 8.6%. Gross profit improved by 12.8% to $7.4 billion, and adjusted EBITDA increased by 17.3% to $1.8 billion. However, net income decreased by 22.0% to $340.2 million, and diluted EPS decreased by 21.9% to $2.18, although adjusted diluted EPS increased by 4.2% to $4.48.
In terms of cash flow, PFG provided $1.2 billion in operating cash flow and delivered free cash flow of $704.1 million, reflecting a slight decrease from the prior year. The company also repurchased and retired shares of common stock, investing $57.6 million in the fiscal year ended June 28, 2025.
Looking ahead to fiscal 2026, PFG expects net sales to be in a range of approximately $16.6 billion to $16.9 billion for the first quarter.
PFG's three operating segments also experienced growth, with foodservice net sales increasing by 20.0% to $9.2 billion, convenience net sales increasing by 2.8% to $6.4 billion, and specialty net sales increasing by 4.1% to $1.3 billion in the fourth quarter of fiscal 2025.
PFG's CEO, George Holm, expressed confidence in the company's ability to achieve its fiscal 2026 targets, attributing the strong financial results to contributions from each of the operating segments and strategic plan execution.
As a result of these announcements, the company's shares have moved 0.92% on the market, and are now trading at a price of $98.36. For more information, read the company's full 8-K submission here.