- Adjusted earnings per share (EPS) for Q3 was 79 cents, missing the estimate of 87 cents and slightly down from 80 cents year-over-year.
- Net sales increased by 10% year-over-year to $15.31 billion, just shy of the $15.42 billion estimate.
- Foodservice net sales surged by 19% year-over-year, reaching $8.37 billion.
- Convenience net sales rose by 1.8% year-over-year to $5.74 billion, but fell short of the $5.76 billion estimate.
- Total case volume saw a significant increase of 10% compared to a decline of 0.2% in the previous year.
- Gross profit climbed by 16% year-over-year to $1.82 billion, surpassing the estimate of $1.81 billion.
- Adjusted EBITDA grew by 20% year-over-year to $385.1 million, but missed the $402.5 million estimate.
- Convenience adjusted EBITDA showed a 5.4% year-over-year increase to $74.7 million, not meeting the expected $84.4 million.
- Adjusted Foodservice EBITDA increased by 25% year-over-year to $275.0 million, trailing the $291.6 million estimate.
- The company plans to update its full-year fiscal 2025 guidance following a challenging February period and remains confident in its fiscal fourth-quarter projections.
- Analyst recommendations include 10 buys and 4 holds, with no sells.
Performance Food Group Co on Smartkarma
Performance Food Group Co has been receiving positive analyst coverage on Smartkarma, a platform where independent analysts share their research. Baptista Research has published reports on the company, expressing a bullish sentiment. In one report titled “Performance Food Group: Expansion of New Accounts & Customer Penetration Powering Our ‘Outperform’ Rating!”, they highlighted PFGC’s organic growth of 5% in independent restaurant case volume, driven by market share gains and improving consumer conditions. However, challenges include tough year-over-year comparisons due to calendar differences in December. Another report, “Performance Food Group Company: Will Its Enhanced Focus on Digital Ordering Tools Pay Off? – Major Drivers”, discussed key developments from PFG’s recent earnings conference call, emphasizing strategic acquisitions and positive contributions from entities like Jose Santiago and Cheney Brothers.
A look at Performance Food Group Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Performance Food Group Co‘s long-term outlook appears positive based on the Smartkarma Smart Scores analysis. With a strong Growth score of 5, the company is positioned well for future expansion and increased market share. Additionally, a Momentum score of 4 indicates that the company is experiencing positive momentum in its operations, potentially leading to continued growth in the coming years.
However, the company may face challenges in terms of Value and Dividend, with scores of 3 and 1 respectively. This suggests that investors may need to carefully assess the company’s valuation and dividend-paying potential. Despite this, Performance Food Group Co‘s Resilience score of 2 indicates a moderate ability to withstand economic fluctuations and challenges in the market, providing a buffer against potential risks.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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