PFG Q1: Net sales up 3.2% to $15.4B; adj. EBITDA +7.3%; GAAP EPS -10.4% to $0.69

Performance Food Group Co

2024-Q1 EPS reported $0.69 revenue$15,415,500,000

Total case volume +2.6%; Independent Foodservice +7.8% (organic +4.3%).
Net sales $15.4B (+3.2%), gross profit $1.8B (+6.1%).
Net income $108M (-10.5%), diluted EPS $0.69 (-10.4%); adj. EBITDA $412M (+7.3%).
Adj. diluted EPS $1.16 (+0.9%); operating cash flow $53.5M.
CEO highlights strong start; integrations of Cheney Brothers & José Santiago expected to drive profit growth.

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