Performance Food Group reports $18.0B in Q4 net sales, up 6.4% year-over-year, but misses earnings expectations.
Performance Food Group (PFGC) shares declined in early trading Wednesday after its fiscal fourth-quarter earnings missed consensus estimates. The company posted net sales of $18.0B for the period, a 6.4% increase from the prior year, driven by volume growth and pricing actions.
Analysts had anticipated stronger earnings performance despite the sales growth. The prior-year quarter saw lower revenue, with the current period reflecting broader industry trends in food distribution.
No immediate market reaction details were provided beyond the stock’s decline in premarket activity.