$PFGC · Performance Food Group Co
PFGC reported Q1 FY2027 (ended Sept 26, 2026) results: net sales +5.5% to $18.0B, gross profit +8.5% to $2.19B, net income +38.4% to $129.5M, adjusted EBITDA +10.0% to $528.0M, and adjusted diluted EPS +11.9% to $1.32. Total case volume rose 4.2% and independent Foodservice case volume rose 7.8%. The company reiterated full-year FY2027 Adjusted EBITDA guidance of $2.2B to $2.225B.
- Net sales +5.5% to $18.0B; gross profit +8.5% to $2.19B.
- Net income +38.4% to $129.5M; adjusted EBITDA +10.0% to $528.0M.
- Adjusted diluted EPS $1.32 (+11.9%); GAAP diluted EPS $0.82 (+36.7%).
- Total case volume +4.2%; independent Foodservice case volume +7.8%.
- Reiterated FY2027 Adjusted EBITDA guidance of $2.2B to $2.225B.
Regular session closed down 4.29% to $96.51, but extended-hours last trade of $99.41 (+3.00% vs close) suggests a positive after-hours reaction to the beat and reiterated guidance.
PFGC delivered broad-based growth across all segments and reaffirmed full-year guidance, signaling resilience despite a challenging macro backdrop.
PFG's 5.5% sales growth and double-digit adjusted EBITDA growth reflect continued share gains in foodservice distribution, with independent channel mix improving to 43.0% of Foodservice sales.
Management flagged a challenging macroeconomic environment, low-margin industry volatility, and cost inflation (product cost inflation ~3.4% in the quarter) as ongoing pressures.