Performance Food Group Co reported net sales increased $942.5 million, or 5.5%, and net income increased $35.9 million, or 38.4%, for the first quarter of fiscal 2027.
PFGC · Performance Food Group Co
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PFG reported first-quarter net sales growth of 5.5% and adjusted EBITDA of $528 million, up 10%. It reiterated fiscal 2027 sales guidance of $72.5 billion to $73 billion and adjusted EBITDA guidance of $2.125 to $2.225 billion.
Performance Food Group Company reported fiscal 2027 first-quarter net sales up 5.5% to $18.0 billion and Adjusted EBITDA up 10.0% to $528.0 million, reiterating full-year net sales guidance of approximately $72.5 billion to $73.0 billion.
Performance Food Group reported fiscal 2026 net sales of $67.8B, up 7.2%, and adjusted EBITDA of $1.93B, up 9.2%. Stockholders will vote on 10 director nominees, Deloitte & Touche LLP for fiscal 2027, and executive compensation on November 18, 2026.
Performance Food Group Company reported fiscal 2026 growth in net sales, gross profit and adjusted EBITDA, with market share gains, CustomerFirst reaching 46% usage, and acquisitions of Cash-Wa and Natco.
Metrics snapshot
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q4 FY26 earnings call · Aug 12, 2026TL;DR. PFG reported strong fiscal 2026 results with record Adj. EBITDA of $1,929.4M and free cash flow of $1,029.6M, and guided fiscal 2027 Adj. EBITDA to $2.125–$2.225B with mid-point implying 12.7% growth.
- + Full-year free cash flow up ~$326M to $1,029.6M
- + Procurement synergies of $120–125M to ramp through FY27–FY28
- − Higher fuel costs to pressure Q1 FY27
- − Q4 food service operating expenses up 9.9% on fuel, acquisitions and insurance
- − Specialty Q4 Adj. EBITDA declined 0.5% to $92.7M
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Diluted EPS non-GAAP | $4.55 | FY2026 | — |
| Adjusted EBITDA non-GAAP | $1.93B | FY2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income 359.3M
+413.7M Interest expense
+126.5M Income tax expense
+541.9M Depreciation
+272M Amortization of intangible assets
+101.1M Change in LIFO reserve
+51.5M Stock-based compensation expense
-9.5M (Gain) loss on fuel derivatives
+40M Acquisition, integration & reorganization expenses
+32.9M Other adjustments
= Adjusted EBITDA 1.93B
|
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| Adjusted EBITDA (Non-GAAP) non-GAAP | $1.93B | Fiscal Year Ended June 27, 2026 | — |
| Capital purchases of property, plant and equipment - Convenience | $47.2M | fiscal 2026 filing | — |
| Capital purchases of property, plant and equipment - Corporate & All Other | $63M | fiscal 2026 filing | — |
| Capital purchases of property, plant and equipment - Foodservice | $259M | fiscal 2026 filing | — |
| Capital purchases of property, plant and equipment - Specialty | $14.9M | fiscal 2026 filing | — |
| Convenience Adjusted EBITDA non-GAAP | $132.5M | fourth quarter of fiscal 2026 | — |
| Foodservice Adjusted EBITDA non-GAAP | $1.29B | Fiscal Year Ended June 27, 2026 filing | — |
| Free Cash Flow non-GAAP | $1.03B | FY2026 | — |
GAAP → non-GAAP reconciliationGAAP Net cash provided by operating activities 1.41B
-384.1M Purchases of property, plant and equipment
= Free Cash Flow 1.03B
|
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| Operating Cash Flow | $1.41B | FY2026 | — |
| Organic Independent Foodservice case volume | 5.9% | FY2026 | — |
| Specialty Adjusted EBITDA non-GAAP | $92.7M | fourth quarter of fiscal 2026 | — |
| Specialty cases sold | 0.6% | Fiscal Year Ended June 27, 2026 filing | — |
| Total capital purchases of property, plant and equipment | $384.1M | fiscal 2026 filing | — |
| Total case volume | 5.1% | FY2026 | — |
| Total Convenience cases sold | 4.8% | Fiscal Year Ended June 27, 2026 filing | — |
| Total Foodservice case growth | 6.6% | Fiscal Year Ended June 27, 2026 filing | — |
| Total Independent Foodservice case volume | 10.2% | FY2026 | — |
| Total organic case volume | 2.8% | Fiscal Year Ended June 27, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Food Distribution — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PFGC
this stock
Performance Food Group Co
|
$17.54B | +23.6% | +5.1% | 44.3 | 3.5% |
|
SYY
Sysco Corp
|
$37.95B | +4.6% | +3.9% | 20.5 | 3.0% |
|
USFD
US Foods Holding Corp.
|
$23.28B | +44.0% | +4.1% | 30.3 | 7.0% |
|
CHEF
Chefs' Warehouse, Inc.
|
$4.64B | +71.1% | +9.1% | — | 5.5% |
|
UNFI
United Natural Foods Inc
|
$2.94B | +44.6% | -2.0% | 36.3 | 5.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PFGC | +3.4% | +13.7% | +18.4% | +12.2% | +23.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +0.8% | +14.9% | +17.9% | +12.4% | +13.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.