Performance Food Gr Q3 Adj $0.80 Misses $0.84 Estimate, Sales $13.86B Miss $14.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Performance Food Group (PFGC) reported Q3 adjusted earnings of $0.80 per share, missing the $0.84 estimate, and sales of $13.86B, below the $14.19B estimate. This represents a 3.61% decrease in earnings and a 0.63% increase in sales year-over-year.
May 08, 2024 | 11:04 am
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Performance Food Group's Q3 earnings and sales missed estimates, with a slight decrease in earnings and a marginal increase in sales year-over-year.
Missing both earnings and sales estimates indicates potential operational challenges or market competition, likely leading to negative investor sentiment in the short term. The decrease in earnings YoY reinforces this view, despite the slight increase in sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100