Performance Food Group (NYSE:PFGC) releases quarterly earnings results, beats expectations by $0.05 EPS. Performance Food Group (NYSE:PFGC - Get Free Report) released its quarterly earnings results on Wednesday. The food distribution company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.27 by $0.05, FiscalAI reports. The business had revenue of $18.02 billion during the quarter, compared to analysts' expectations of $18.02 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. Here are the key takeaways from Performance Food Group's conference call: * PFG reported 5.5% sales growth and 4.2% growth in total cases in fiscal Q1. Adjusted EBITDA rose 10% to $528 million, at the upper end of its guidance range, while adjusted EPS increased 11.9% to $1.32. * Foodservice independent cases grew 7.8% overall and 5.5% organically, driven by new account wins and increased sales to existing customers. Management also cited continued gains in Performance Brands and expects Jersey Mike's onboarding to support chain growth beginning in February. * Gross margin improved 33 basis points, which management attributed to product mix, brand penetration, procurement initiatives, and inventory management. PFG expects procurement savings to build through fiscal 2027 and 2028, reaching about $125 million by the end of fiscal 2028. * Elevated diesel prices, soft restaurant traffic, and consumer pressure remain headwinds; fuel reduced Q1 results by about $16 million after surcharges and hedges, with a similar impact expected in Q2. Specialty margins are also under pressure, though management expects improvement in the second half as certain costs and comparisons ease. * PFG reaffirmed fiscal 2027 sales guidance of $72.5 billion-$73 billion and adjusted EBITDA guidance of $2.125 billion-$2.225 billion. The outlook includes an approximately 2% benefit from a 53rd week and implies 12.7% adjusted EBITDA growth at the midpoint. Performance Food Group trading up 13.4%. PFGC stock traded up $12.93 during midday trading on Wednesday, hitting $109.44. The stock had a trading volume of 3,414,590 shares, compared to its average volume of 1,853,438. The firm has a market cap of $17.24 billion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91. The company's 50-day moving average price is $95.49 and its 200 day moving average price is $97.46. Performance Food Group has a 12-month low of $80.82 and a 12-month high of $117.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. Analyst upgrades and downgrades. Several research analysts have weighed in on PFGC shares. TD Cowen lowered their target price on shares of Performance Food Group from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, October 15th. Weiss Ratings downgraded Performance Food Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, October 9th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Performance Food Group in a research note on Thursday, August 13th. Citigroup boosted their target price on Performance Food Group from $143.00 to $144.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, UBS Group lowered their target price on Performance Food Group from $132.00 to $130.00 and set a "buy" rating on the stock in a report on Friday, August 14th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.00. Key stories impacting Performance Food Group. Here are the key news stories impacting Performance Food Group this week: * Adjusted EPS was $1.32, above analysts' estimates of about $1.26-$1.27 and up from $1.18 a year earlier. Net income increased 38%, with growth in independent customer cases cited as a contributor. * Management expects sales to increase in the second quarter and maintained its fiscal 2027 outlook, offering reassurance that the company's annual expectations remain intact. * Quarterly net sales were $18.02 billion, up 5.5% year over year and broadly in line with analyst expectations, so revenue growth was solid but not a clear consensus surprise. Insider activity at Performance Food Group. In other news, insider Donald Bulmer sold 10,535 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $105.90, for a total transaction of $1,115,656.50. Following the transaction, the insider directly owned 54,291 shares in the company, valued at $5,749,416.90. This represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Hugh Hatcher sold 3,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $99.18, for a total value of $297,540.00. Following the sale, the insider owned 58,167 shares of the company's stock, valued at $5,769,003.06. The trade was a 4.90% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 41,459 shares of company stock worth $4,317,917. 2.10% of the stock is owned by insiders. About Performance Food Group. Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment. Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise. The company traces its origins to 1987 and is headquartered in Richmond, Virginia. 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Sachem Head plans to sell 1.5M Performance Food Group shares. 03 November 2026 05:59 PM PST Summarize with AI You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to its research reports, in-depth technical and fundamental research. Learn more Sachem Head Capital Management LP filed a Form 144 notice on November 3, 2026, disclosing a proposed sale of 1,500,000 shares of Performance Food Group Co common stock through broker Jones Trading Institutional Services, LLC on the New York Stock Exchange. Key highlights. * Proposed sale size: 1,500,000 shares of Performance Food Group Co common stock, with an aggregate market value of $151,260,000.00 based on the closing price on November 2, 2026. * Seller identity: Sachem Head Capital Management LP, acting as investment manager of certain funds, is identified as an affiliate of a former director of the issuer. * Former director connection: Scott Ferguson, managing partner of Sachem Head Capital Management LP, is identified as a former director of Performance Food Group Co. * Shares outstanding: The filing states 157,533,032 shares outstanding as of August 5, 2026. * Acquisition history: 1,152,534 shares were acquired via open market purchase on November 6, 2024, paid in cash; 347,466 shares were acquired on September 16, 2025 through physical settlement of total return swaps with a third-party financial institution, also paid in cash. * No sales in past 3 months: The filing reports nothing to report under securities sold during the past 3 months. * Approximate sale date: November 3, 2026, through Jones Trading Institutional Services, LLC, located in Thousand Oaks, California. Sachem Head Capital Management proposes large block sale of Performance Food Group stock. According to the Form 144 filing dated November 3, 2026, Sachem Head Capital Management LP (SHCM) notified the SEC of a proposed sale of 1,500,000 shares of Performance Food Group Co (NYSE:PFGC) common stock. The filing states that SHCM is the investment manager of certain funds that are selling the shares, and that Scott Ferguson, managing partner of SHCM, is a former director of Performance Food Group Co. The aggregate market value of the proposed sale is listed as $151,260,000.00, calculated using the closing sale price of the common stock on November 2, 2026. The filing discloses two separate acquisition tranches underlying the proposed sale. A total of 1,152,534 shares were acquired through open market purchases, with the filing noting that shares purchased in open market transactions were acquired and paid for between November 6, 2024 and August 19, 2025. An additional 347,466 shares were acquired on September 16, 2025, through the physical settlement of total return swaps with a third-party financial institution, also paid in cash. The filing reports no securities of the issuer sold by the relevant person during the past three months. The number of shares outstanding referenced in the filing is 157,533,032, as of August 5, 2026. The proposed sale is to be executed through Jones Trading Institutional Services, LLC, located at 555 St. Charles Drive, Ste. 200, Thousand Oaks, California 91360. The filing was signed by Michael Adamski, identified as General Counsel, on behalf of Sachem Head Capital Management LP. What was disclosed. Sachem Head Capital Management LP filed a Form 144 notice proposing the sale of 1,500,000 Performance Food Group Co common shares with an aggregate market value of $151,260,000.00, acquired through open market purchases and total return swap settlements between November 2024 and September 2025. Download Free Report - Explore 3 Stock Ideas & Industry Insights Unlock 3 stock ideas and key industry insights in its free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice. All investments involve risk - consider independent advice before making any investment decisions. Disclaimer: