Performance Food Group Company Projects Q4 Net Sales Of $15B-$15.4B (Estimate: $15.6B), With Adjusted EBITDA Of $430M-$450M
Portfolio Pulse from Benzinga Newsdesk
Performance Food Group Company (PFGC) forecasts Q4 net sales to be between $15B-$15.4B, falling short of the estimated $15.6B, with an adjusted EBITDA projection of $430M-$450M.
May 08, 2024 | 11:26 am
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Performance Food Group Company projects lower than expected Q4 net sales but provides an adjusted EBITDA forecast.
PFGC's projected Q4 net sales falling short of market estimates is likely to negatively impact investor sentiment and the stock price in the short term. However, the provided EBITDA forecast might mitigate some concerns by indicating operational efficiency and profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100