Performance Food Group (PFG) Reports Strong Q2 and First-Half Fiscal 2026 Results

By Chris Stiles • Wednesday, February 04 11:55 • Permanent Link

Performance Food Group Company (PFG) has reported its second-quarter and first-six months fiscal 2026 results, showcasing strong case volume, net sales, and cash flow. In the second quarter of fiscal 2026, total case volume increased by 3.4%, reaching $16.4 billion in net sales, a 5.2% increase from the previous year. Gross profit improved by 7.6% to $2.0 billion, and net income surged by 45.5% to $61.7 million. Adjusted EBITDA also saw a 6.7% increase to $451.2 million, while diluted earnings per share (EPS) rose by 44.4% to $0.39.

For the first six months of fiscal 2026, total case volume increased by 6.4%, reaching $33.5 billion in net sales, a 7.9% increase from the previous year. Gross profit improved by 10.9% to $4.0 billion, and net income increased by 3.3% to $155.3 million. Adjusted EBITDA also saw an 11.5% increase to $931.3 million, while diluted EPS increased by 3.1% to $0.99.

PFG's operating cash flow for the first six months of 2026 was $456.0 million, with free cash flow amounting to $263.7 million. This represents a significant increase from the prior year period, where operating cash flow was $379.0 million and free cash flow was $175.1 million.

In terms of the company's share repurchase program, as of December 27, 2025, $500 million remained available for share repurchases.

Looking ahead, for the third quarter of fiscal 2026, PFG expects net sales to be in the range of approximately $16.0 billion to $16.3 billion, with adjusted EBITDA in a range of approximately $390 million to $410 million. For the full fiscal year 2026, PFG now expects net sales to be in the range of approximately $67.25 billion to $68.25 billion and adjusted EBITDA to be in a range of approximately $1.875 billion to $1.975 billion, compared to the prior expectations.

PFG's second-quarter fiscal 2026 segment results show significant growth across its foodservice, convenience, and specialty segments. Net sales for foodservice and convenience both increased by over 5%, while net sales for specialty increased by 1.5% compared to the prior year period.

These results demonstrate PFG's ability to drive growth and create value, as indicated by Scott McPherson, PFG's President & Chief Executive Officer. The market has reacted to these announcements by moving the company's shares 0.8% to a price of $97.61. If you want to know more, read the company's complete 8-K report here.

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