Performance Food Q4 sales up 11.5%, beats estimates on higher demand, prices

Overview

• Performance Food Q4 fiscal 2025 sales rise 11.5%, beating analyst expectations

• Adjusted EPS increases 6.9% to $1.55, surpassing consensus

• Adjusted EBITDA grows 19.9% to $546.9 mln, beating estimates

Outlook

• Company expects Q1 fiscal 2026 net sales $16.6 bln to $16.9 bln

• Performance Food projects FY 2026 net sales $67 bln to $68 bln

• Company anticipates FY 2026 Adjusted EBITDA $1.9 bln to $2.0 bln

• Performance Food sees Q1 fiscal 2026 Adjusted EBITDA $465 mln to $485 mln

Result Drivers

• CASE VOLUME GROWTH - Total case volume increased 11.9%, driven by acquisitions and growth in independent and chain business

• INFLATION IMPACT - Net sales growth of 11.5% attributed to increased selling price per case due to inflation

• ACQUISITIONS - Gross profit improved 14.6% due to recent acquisitions and procurement efficiencies

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the food retail & distribution peer group is "buy"

• Wall Street's median 12-month price target for Performance Food Group Co is $105.00, about 6.3% above its August 12 closing price of $98.36

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw3fFB8fa