Performance Food Q4 revenue rises on customer growth

Performance Food

12/08/2026 12:10

Overview
US food distributor's fiscal Q4 revenue up 6.4% yr/yr, slightly missed analyst expectations
Adjusted EPS for fiscal Q4 rose 2.6% but missed consensus
Fiscal Q4 adjusted EBITDA slightly beat estimates

Outlook
Performance Food sees Q1 2027 net sales between $17.9 bln and $18.1 bln
Company expects Q1 2027 Adjusted EBITDA of $510 mln to $530 mln
Performance Food forecasts FY 2027 net sales of $72.5 bln to $73 bln

Result Drivers
INDEPENDENT CUSTOMER GROWTH - Co said Q4 results were driven by 8% increase in independent foodservice case volume and 5.8% growth in organic independent cases
INFLATION IMPACT - Higher selling price per case due to inflation contributed to Q4 net sales growth
ACQUISITIONS AND MIX SHIFT - Recent acquisitions and a favorable shift in mix of cases sold, including more Performance Brands products, supported gross profit growth

Company press release: ID:nBw3QjncNa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Slight Miss*
$18 bln
$18.09 bln (11 Analysts)
Q4 Adjusted EPS
Miss
$1.59
$1.60 (12 Analysts)
Q4 EPS
 
$1.03
 
Q4 Net Income
 
$162.30 mln
 
Q4 Adjusted EBITDA
Slight Beat*
$587.50 mln
$586.07 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 Company is $130.00, about 14.1% above its August 11 closing price of $113.96
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Aug 10 - HF Foods Q2 revenue slightly beats estimates on seafood and commodity growth
Aug 11 - Aramark Q3 revenue beats on strong new business wins, client retention
Aug 11 - Smithfield Foods Q2 sales slightly edge past estimates

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.)