Performance Food Group Company Common Stock (PFGC)

Performance Food Group (NYSE:PFGC) posted Q3 FY25 revenue of $15.31B, up 10.5% YoY but missing the $15.40B estimate. Growth was fueled by acquisitions, including Cheney Bros, and higher case volumes. Adjusted EPS missed at $0.79 vs. $0.87 expected. Despite strong EBITDA growth of 20.1% to $385.1M, PFGC cut the top end of its FY25 sales outlook amid inflationary pressures and higher operating costs.

The US market session of Tuesday has yet to be opened, let's have a look at the top gainers and losers in the pre-market session today.

Wall Street rose on Wednesday, with all major equity indices advancing as investors assessed the latest batch of corporate earnings and drew optimism from positive labor market data.

The already-powerful company aims to bulk up even more through acquisitions.

The July consumer inflation report released Wednesday confirmed a continued cooling trend in price increases across the economy, with the headline Consumer Price Index (CPI) coming in at 2.9% year-over-year, slightly below both the p

PFGC stock results show that Performance Food Gr beat analyst estimates for earnings per share but missed on revenue for the fourth quarter of 2024.

Performance Food Group shares are up after reporting strong Q4 earnings, announcing significant acquisitions, and increasing its 2024 capital expenditures.

The major index futures are pointing to a nervous start ahead of the consumer price inflation report that is due at 8:30 a.m. EDT. Bond yields are slipping ahead of the inflation data.