-+ 0.00%
-+ 0.00%
-+ 0.00%
Performance Food: Fiscal Q4 Earnings Snapshot
Share
Listen to the news

RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Performance Food Group Co. (PFGC) on Wednesday reported fiscal fourth-quarter net income of $162.3 million.

The Richmond, Virginia-based company said it had profit of $1.03 per share. Earnings, adjusted for one-time gains and costs, came to $1.59 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.

The food distributor posted revenue of $18.03 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $18.21 billion.

For the current quarter ending in September, Performance Food said it expects revenue in the range of $17.9 billion to $18.1 billion.

The company expects full-year revenue in the range of $72.5 billion to $73 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFGC at https://www.zacks.com/ap/PFGC

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending