Performance Food Group Co reports results for the quarter ended June 30 - Earnings Summary
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Performance Food Group Coreported adjusted earnings of $1.55 per share for the quarter ended June 30, surpassing last year's $1.45 and analysts' expectations of $1.45. Revenue increased 11.5% to $16.94 billion, exceeding the forecast of $16.86 billion. The company’s net income was $131.5 million. PFGC shares rose 12.4% this quarter and 16.3% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $105.00, 6.3% above the last closing price of $98.36.
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