Performance Food Q3 revenue rises 6.4%, slightly beats estimates

Performance Food

06/05/2026 12:22

Overview

U.S. food distributor's fiscal Q3 revenue rose 6.4%, slightly beating analyst expectations

Adjusted EPS for fiscal Q3 rose 1.3% to $0.80, beating analyst expectations

Net income for fiscal Q3 fell 28.5% due to higher operating expenses

Outlook

Company narrows FY 2026 net sales guidance to $67.7 bln-$68.0 bln

Company tightens FY 2026 Adjusted EBITDA outlook to $1.9 bln-$1.93 bln

Performance Food expects accelerating sales and profit growth in fiscal 2027

Result Drivers

CASE VOLUME GROWTH - Higher total and independent case volumes, especially in independent foodservice, drove net sales growth

INFLATION AND MIX - Net sales rose due to higher selling prices from inflation and a favorable shift in the mix of cases sold

OPERATING EXPENSES - Net income fell as operating expenses rose, driven by higher personnel costs, acquisition-related expenses, and fuel and insurance costs

Company press release: ID:nBw4mx8v9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
$16.30 bln
$16.16 bln (11 Analysts)
Q3 Adjusted EPS
Beat
$0.80
$0.78 (12 Analysts)
Q3 EPS
$0.27
Q3 Net Income
$41.70 mln
Q3 Adjusted EBITDA
Beat
$410.60 mln
$402.19 mln (11 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food retail & distribution peer group is "buy"

Wall Street's median 12-month price target for Performance Food Group Co is $117.00, about 34.3% above its May 5 closing price of $87.12

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)