Performance Food Group Company (NYSE:PFGC) reported Q2 earnings with a bottom line missing estimates due to a decrease in selling price per case, attributed to a 1.4% deflation in the Foodservice segment. Despite this, net sales grew 2.9% year over year to $14.296 billion, slightly above analyst expectations. Adjusted EPS of 90 cents missed the consensus of 92 cents. The company also reported a 6.6% increase in gross profit and an 11.9% increase in adjusted EBITDA. PFGC repurchased 0.8 million shares for $50.0 million. The company provided a Q3 net sales outlook of $14 billion-$14.3 billion, slightly below the estimate of $14.39 billion, but maintains its full-year 2024 and 3-year net sales and adjusted EBITDA targets. PFGC shares dropped 1.62% to $72.09.