secwatch.observer — SEC 8-K summary
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Issuer:     Performance Food Group Co (PFGC)
CIK:        0001618673
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055049
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PFG reports Q3 FY24: net income $70.4M (-12%), adj. EBITDA $320.7M (+2%), guides FY24 adj. EBITDA to $1.48-1.5B
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- Third-quarter net sales $13.9B (+0.6%), gross profit $1.6B (+3.8%); net income $70.4M (-12.3%), diluted EPS $0.45 (-11.8%).
- Adjusted diluted EPS $0.80 (-3.6%); adjusted EBITDA $320.7M (+1.9%) – within midpoint of guidance.
- Organic Independent Foodservice case volume grew 4.3% in Q3; total case volume down 0.2% due to January weather.
- First-nine-months net sales $43.1B (+1.7%), net income $269.4M (+9.0%), adjusted EBITDA $1,049.9M (+7.3%).
- Raised full-year fiscal 2024 adjusted EBITDA guidance to $1.48B-$1.5B (previously $1.47B-$1.5B).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618673/000095017024055049/0000950170-24-055049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618673/000095017024055049/pfgc-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055049

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