Quarterly ResultMay 6, 2026, 07:03 AM
Performance Food Group Q3 Net Sales $16.3B; Adj. EBITDA $410.6M
AI Summary
Performance Food Group reported strong third-quarter fiscal 2026 results, with net sales increasing 6.4% to $16.3 billion and Adjusted EBITDA growing 6.6% to $410.6 million, surpassing the top end of previous guidance. While GAAP net income and diluted EPS decreased, Adjusted Diluted EPS saw a slight increase. For the first nine months, net sales rose 7.4% to $49.8 billion and Adjusted EBITDA increased 10.0% to $1.34 billion, driven by strong independent case volume and strategic acquisitions. The company tightened its full fiscal year 2026 guidance range for both net sales and Adjusted EBITDA, reflecting increased confidence and momentum.
Key Highlights
- Performance Food Group Q3 Net Sales increased 6.4% to $16.3 billion.
- Q3 Adjusted EBITDA rose 6.6% to $410.6 million, exceeding guidance.
- Q3 Net income decreased 28.5% to $41.7 million; Diluted EPS fell 27.0% to $0.27.
- First-nine months Net sales grew 7.4% to $49.8 billion.
- First-nine months Adjusted EBITDA increased 10.0% to $1,341.9 million.
- Fiscal 2026 Net sales guidance narrowed to $67.7 billion - $68.0 billion.
- Fiscal 2026 Adjusted EBITDA guidance narrowed to $1.9 billion - $1.93 billion.
- First-nine months Free Cash Flow was $806.0 million, up from $494.4 million.