Performance Food Gr Q1 Adj EPS $1.15 Beats $1.09 Estimate, Sales $14.94B Miss $14.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
Performance Food Gr (NYSE:PFGC) reported Q1 adjusted earnings of $1.15 per share, beating the analyst consensus estimate of $1.09 by 5.5%. This is a 6.48% increase from the same period last year. However, the company's quarterly sales of $14.94 billion missed the analyst consensus estimate of $14.95 billion by 0.07%. This is a 1.49% increase from the same period last year.
November 08, 2023 | 12:05 pm
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NEUTRAL IMPACT
Performance Food Gr's Q1 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Performance Food Gr's earnings beat could boost investor confidence, potentially driving the stock price up. However, the sales miss could offset this positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100