Performance Food Group Reports Declining Profit in Q2

Performance Food Group sees a profit fall in Q2. The company reported a profit decrease to $42.40 million and missed EPS estimates. Revenue grew 9.4%, indicating growth but overshadowed by declining profits. The future guidance suggests stable revenues ahead.

Date: 05-02-2025

AI Rating: 4

Declining Earnings Per Share (EPS): Performance Food Group (PFGC) reported an EPS of $0.27 for the second quarter, down from $0.50 in the previous year. The reported EPS is notably below analysts' expectations of $1.05, indicating a significant shortfall in earnings.

Revenue Growth: Despite the decline in EPS, the company reported a revenue increase of 9.4%, rising to $15.638 billion from $14.296 billion last year. This indicates that while the company is growing its top line, it struggles with profitability.

Net Income: The net income also fell to $42.40 million from $78.30 million, reflecting a negative trend in bottom-line performance compared to last year.

Guidance: Looking ahead, the company provided guidance for revenue between $15.2 billion and $15.6 billion for the next quarter and total revenue for the year projected between $63 billion to $64 billion. This guidance shows a stable outlook in terms of revenue generation, though it does not address the issues regarding profitability.

Stocks: PFGC