Performance Food Gr Q2 Adj EPS $0.90 Misses $0.92 Estimate, Sales $14.29B Beat $14.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Performance Food Group (PFGC) reported Q2 adjusted EPS of $0.90, missing the consensus estimate of $0.92 by 2.17%. However, their sales of $14.29B slightly beat the $14.28B estimate, marking a 2.85% increase from the previous year.
February 07, 2024 | 12:01 pm
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Performance Food Group's Q2 adjusted EPS missed estimates, but sales slightly exceeded expectations with a year-over-year increase.
The miss in EPS might concern some investors, potentially putting downward pressure on the stock. However, the slight beat in sales and the year-over-year growth could offset negative sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100