Performance Food Whips Up Growth, But Profit Miss Takes A Bite Out
Performance Food Group (NYSE:PFGC) posted Q3 FY25 revenue of $15.31B, up 10.5% YoY but missing the $15.40B estimate. Growth was fueled by acquisitions, including Cheney Bros, and higher case volumes. Adjusted EPS missed at $0.79 vs. $0.87 expected. Despite strong EBITDA growth of 20.1% to $385.1M, PFGC cut the top end of its FY25 sales outlook amid inflationary pressures and higher operating costs.