- Adjusted EPS: $1.45, up from $1.14 last year, beating estimates of $1.37.
- Net Sales: $15.19 billion, a 2.2% increase year-over-year (y/y), slightly below the $15.27 billion estimate.
- Foodservice Net Sales: $7.65 billion, a 4.6% increase y/y, exceeding the $7.57 billion estimate.
- Vistar Net Sales: $1.20 billion, a 1.8% decrease y/y, below the $1.27 billion estimate.
- Convenience Net Sales: $6.26 billion, a 0.5% decrease y/y, under the $6.36 billion estimate.
- Gross Profit: $1.75 billion, a 4.7% increase y/y, ahead of the $1.72 billion estimate.
- Adjusted EBITDA: $456.2 million, an 18% increase y/y, higher than the $439.5 million estimate.
- Vistar Adjusted EBITDA: $85.5 million.
- Convenience Adjusted EBITDA: $114.5 million, above the $94 million estimate.
- Adjusted Foodservice EBITDA: $311.8 million, surpassing the $295.3 million estimate.
- Analyst Ratings: 11 buys, 3 holds, 0 sells.
Performance Food Group Co on Smartkarma
Performance Food Group Co‘s recent financial performance has sparked interest among analysts on Smartkarma, such as Baptista Research. In their report titled “Performance Food Group Company: These Are The 4 Biggest Takeaways From Their Recent Financial Performance! – Financial Forecasts,” Baptista Research highlighted the company’s resilience in the face of challenges like inclement weather and inflation. Despite adversities, PFG’s Foodservice segment saw steady performance, especially with rebounding performance in February and March. Baptista Research conducted a thorough fundamental analysis, including a Discounted Cash Flow (DCF) valuation, to provide investors with insights into the company’s potential future performance and valuation under different scenarios. The report aims to give a nuanced understanding of the risks and opportunities associated with investing in Performance Food Group Co.
Another report from Baptista Research, titled “Performance Food Group: Emergence of E-commerce & 5 Major Drivers Propelling The Company – Financial Forecasts,” discussed the company’s strong results in Q2 2024. Performance metrics showed a 2.9% increase in total net sales, reaching $14.3 billion, with total case volume growth contributing to this positive performance. The report highlighted the emergence of e-commerce and identified five major drivers propelling the company’s growth. Baptista Research‘s bullish sentiment towards Performance Food Group Co reflects their positive outlook on the company’s future prospects and the factors that could impact its stock price in the near term.
A look at Performance Food Group Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Performance Food Group Company, a leading distributor of food products in the United States, has been assessed using Smartkarma Smart Scores for various factors that impact its long-term outlook. With a strong score of 5 in Growth, the company is poised for significant expansion and development in the future. This indicates a positive trajectory for Performance Food Group in terms of business growth and market position.
However, the company’s low score of 1 in Dividend suggests a weaker performance in terms of returning profits to shareholders through dividends. While the scores in Value, Resilience, and Momentum fall in the mid-range, there is room for improvement in these areas to enhance the overall performance of Performance Food Group in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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