Performance Food FY24 Outlook: Sales $59B-$60B Vs. $59.96B Estimate; Q1 Revenue Outlook $14.7B-$15B Vs. $15.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Performance Food Group (PFG) has provided its fiscal 2024 outlook, expecting net sales to be between $59 billion and $60 billion, slightly below the $59.96 billion estimate. For Q1 2024, the company expects net sales to be between $14.7 billion and $15 billion, also below the $15.22 billion estimate. PFG reiterated its 3-year net sales and Adjusted EBITDA targets, expecting to achieve annual net sales of $62 to $64 billion and Adjusted EBITDA between $1.5 and $1.7 billion in fiscal 2025.

August 16, 2023 | 11:07 am
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Performance Food Group's FY24 sales outlook is slightly below estimates, which could potentially impact the company's stock negatively in the short term.
Performance Food Group's sales outlook for FY24 and Q1 2024 is slightly below the estimates. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100