Performance Food Group narrows fiscal year sales guidance

8 articles · Updated · MarketWatch · May 6

For the quarter ended 28 March, net income fell to $41.7 million, or 27 cents a share, from $58.3 million, while sales rose 6.4% to $16.29 billion.
Adjusted earnings were 80 cents a share, beating analysts' 77-cent estimate, and case volume increased 4.4% despite acquisition, integration and reorganisation costs.
The new fiscal 2026 sales range of $67.7 billion to $68 billion is tighter than its previous outlook, and the board approved a share buyback programme of up to $500 million.

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