Performance Food Group Expects Q3 Net Sales Of $14B-$14.3B (Est $14.386B); Continues To Expect 2024 Net Sales Of $59B-$60B (Est $59.24B)
Portfolio Pulse from Benzinga Newsdesk
Performance Food Group (PFGC) forecasts Q3 net sales to be between $14B-$14.3B, slightly below the estimated $14.386B. However, the company maintains its 2024 net sales projection of $59B-$60B, aligning closely with the estimated $59.24B.
February 07, 2024 | 12:08 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Performance Food Group expects Q3 net sales to slightly miss estimates but maintains a positive outlook for 2024.
The slight miss in Q3 sales forecast could cause some short-term concern among investors, potentially leading to a neutral impact on the stock price as the market digests this news. However, the reaffirmation of the 2024 sales outlook suggests confidence in the company's long-term strategy, which could mitigate any negative short-term reactions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90