PFG Q1 adjusted EBITDA $383.8M beats guidance; net income up 26%

Performance Food Group Co

2023-Q1 EPS reported $0.77 revenue$14,938,600,000

Net sales $14.9B (+1.5% YoY); gross profit $1.7B (+5.6%); net income $120.7M (+26.1%)
Diluted EPS $0.77 (+24.2%); adjusted diluted EPS $1.15 (+6.5%)
Adjusted EBITDA $383.8M (+8.2%), exceeding prior guidance range; total case volume +2.6%
Independent restaurant segment led profit growth; Vistar accelerated in new lines of business
Convenience segment maintains strong new business pipeline

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Performance Food Group Co reported the fiscal quarter ended September 30, 2023 results: revenue $14.9 billion, net income $120.7 million, EPS $0.77.

Period: the fiscal quarter ended September 30, 2023
Revenue: $14.9 billion
Net income: $120.7 million
EPS: $0.77
Result: reported results

Exact text from the filing

Profit Results; 1Q24 Adjusted EBITDA Exceeds Previously Announced Guidance Range First-Quarter Fiscal 2024 Highlights • Total case volume grew 2.6% • Net sales increased 1.5% to $14.9 billion • Gross profit improved 5.6% to $1.7 billion • Net income increased 26.1% to $120.7 million • Adjusted EBITDA increased 8.2% to $383.8 million 1 • Diluted Earnings Per Share

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Source: SEC EDGAR

accession 0000950170-23-060661

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