Performance Food Group (NYSE:PFGC) Q3 2024 Results
Main financial results
Revenue: USD 13.9 billion (up 7.6% from Q3 2023). Net income: USD 70.4 million (-12% compared to Q3 2023). Margin: 0.5% (down from 0.6% in Q3 2023). The decrease in profit margin was due to an increase in expenses. EPS: USD 0.46 (down from USD 0.52 in Q3 2023). NYSE:PFGC Earnings and Revenue Growth May 9, 2024
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Performance Foods Group's sales and profits fall short of expectations
Sales were 2.3% lower than analysts expected. Earnings per share (EPS) also fell 25% below analyst expectations.
Looking ahead, revenues are expected to increase by an average of 7.0% per year over the next three years, compared to a growth forecast of 4.5% for the U.S. consumer retail industry.
American consumer retail performance.
The company's stock rose 1.1% from the previous week.
risk analysis
Note that Performance Food Group is posing 1 warning sign in our investment analysis that you should be aware of.
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