Performance Food Group (NYSE:PFGC) Issues Quarterly Earnings Results

Performance Food Group (NYSE:PFGC) announced its quarterly earnings results on Wednesday. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09), FiscalAI reports. The firm had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.Performance Food Group’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS.

Here are the key takeaways from Performance Food Group’s conference call:

• Scott McPherson is the new CEO with George Holm moving to Executive Chair, and management stresses continuity, continued M&A focus, and confidence in executing the three‑year plan.
• PFG reported solid Q2 results with total net sales up ~5.2%, adjusted EBITDA up 6.7% to $451M and net income increasing 45.5%, which management says were within prior guidance despite a tough macro backdrop.
• Integration of Cheney Brothers added higher near‑term operating and integration costs, and management warns the majority of synergies won’t flow to the income statement until late year two through year three, pressuring near‑term margins.
• The convenience segment strengthened after onboarding >500 Love’s and ~600 RaceTrac locations, with Core‑Mark adjusted EBITDA up 13.4% and favorable margin mix from growth in non‑combustible nicotine and food service sales.
• Guidance was updated downward for FY26 adjusted EBITDA to $1.875B–$1.975B (Q3 EBITDA $390M–$410M), as management factors in cheese/poultry deflation, Cheney investments, specialty theater weakness and recent weather impacts.

Performance Food Group Trading Down 6.9%

NYSE:PFGC opened at $90.41 on Thursday. The firm has a market capitalization of $14.18 billion, a P/E ratio of 43.47, a PEG ratio of 1.17 and a beta of 0.93. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.67 and a quick ratio of 0.70. Performance Food Group has a one year low of $68.39 and a one year high of $109.05. The company’s 50-day simple moving average is $93.11 and its 200 day simple moving average is $97.88.

Institutional Trading of Performance Food Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Performance Food Group by 440.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after buying an additional 537 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Performance Food Group in the third quarter worth $114,000. Danske Bank A S bought a new position in shares of Performance Food Group during the third quarter valued at $115,000. State of Wyoming purchased a new position in shares of Performance Food Group in the 2nd quarter worth about $153,000. Finally, iSAM Funds UK Ltd bought a new position in Performance Food Group in the 3rd quarter worth about $161,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

PFGC has been the topic of several recent analyst reports. Piper Sandler cut their target price on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. Barclays cut their price objective on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Morgan Stanley set a $123.00 target price on Performance Food Group in a report on Tuesday, January 20th. UBS Group reaffirmed a “buy” rating and issued a $120.00 price target on shares of Performance Food Group in a research note on Friday, December 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.22.

More Performance Food Group News

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Management reaffirmed an aggressive long‑term growth target — a $73B–$75B sales goal by 2028 and continued emphasis on M&A to build scale, which could drive revenue growth over the next several years. Performance Food Group signals $73B–$75B sales target
• Positive Sentiment: Top-line growth remains intact: fiscal Q2 revenue rose ~5.2% year‑over‑year to $16.44B, showing demand resilience in the distribution business. Investors looking longer term may view stable sales expansion as supportive. Performance Food: Fiscal Q2 Earnings Snapshot
• Neutral Sentiment: Management hosted an earnings call with prepared highlights and a full transcript is available — useful for investors wanting detail on margin drivers, working capital and M&A intent. Q2 2026 Earnings Call Transcript
• Negative Sentiment: EPS missed expectations: reported $0.98 vs. street $1.07, and revenue of $16.44B slightly missed consensus of $16.54B — the earnings miss is the primary near‑term catalyst for the stock weakness. Earnings release / transcript
• Negative Sentiment: Near‑term revenue guidance for Q3 and FY was set in ranges that sit at or slightly below consensus (Q3: $16.0B–$16.3B vs ~16.3B; FY: $67.3B–$68.3B vs ~67.8B), which increased investor concern about margin pressure and growth pacing. Q2 earnings call highlights
• Negative Sentiment: Profitability and leverage cues worry some investors — reported net margin is low (~0.5%) and the company has meaningful leverage (debt/equity ~1.55) while the stock trades at a relatively rich P/E (~43x), leaving limited room for error. Market data and ratios

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.