Quarterly ResultMay 6, 2026, 04:24 PM
Performance Food Group Q3 Net Income $41.7M, Sales $16.29B
AI Summary
Performance Food Group reported net sales of $16.29 billion for the three months ended March 28, 2026, an increase from $15.31 billion in the prior year period. However, net income for the quarter decreased to $41.7 million from $58.3 million year-over-year, with diluted EPS at $0.27. For the nine months, net sales reached $49.81 billion, and net cash provided by operating activities significantly increased to $1.07 billion. The company also completed three acquisitions for $384.2 million during the nine-month period and continued its share repurchase program.
Key Highlights
- Q3 2026 net sales increased 6.4% to $16.29 billion from $15.31 billion year-over-year.
- Q3 2026 net income decreased 28.5% to $41.7 million from $58.3 million year-over-year.
- Diluted EPS for Q3 2026 was $0.27, down from $0.37 in the prior year quarter.
- Nine-month net sales grew 7.4% to $49.81 billion, while net income decreased 5.6% to $197.0 million.
- Net cash provided by operating activities for the nine months increased 29.6% to $1.07 billion.
- Completed three acquisitions for $384.2 million cash (net) during the first nine months of fiscal 2026.
- Repurchased $1.2 million of common stock in Q3 2026; $498.8 million remains available under the program.
- Long-term debt decreased by $270.5 million to $5.12 billion as of March 28, 2026.
Price Impact
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