Market Overview

Recap: Performance Food Group Q3 Earnings

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Shares of Performance Food Group (NYSE:PFGC) were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 65.71% year over year to $0.58, which may not compare to the estimate of $0.21.

Revenue of $7,001,000,000 higher by 49.31% from the same period last year, which missed the estimate of $7,230,000,000.

Guidance

Performance Food Group hasn't issued any earnings guidance for the time being.

Performance Food Group hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 04, 2020

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.pfgc.com%2Foverview%2Fdefault.aspx&eventid=2157465&sessionid=1&key=79C013CA897ECEF2F5B96507D90DA93D&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $54.49

Company's 52-week low was at $7.41

Price action over last quarter: down 48.73%

Company Profile

Performance Food Group is the third-largest U.S. food-service distributor, with 7% market share and a heavy presence along the Eastern seaboard, the Southeast, and the Midwest. PFG's food-service business (69% of pro forma sales) has its largest exposure to national and regional restaurant chains (52% of segment revenue), followed by independent restaurants (27%), and other channels (20%) such as retail, hospitality, and education. The firm's Vistar segment (31% of pro forma sales) is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, convenience stores, theaters, sporting arenas, and correctional facilities.

 

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Posted-In: Earnings News