Performance Food Group reports Q1 EPS $1.15, consensus $1.09

Reports Q1 revenue $14.94B, consensus $14.97B. Total case volume grew 2.6%. “Our organization had an excellent start to fiscal 2024, closing the first quarter with strong sales and profit momentum,” said George Holm, PFG’s chairman and CEO. “Our most profitable products and channels led the way to an excellent bottom-line result for our company. Foodservice continues to pick up market share in the independent restaurant segment. Vistar accelerated its growth in new lines of business, producing outstanding sales and profit growth. Our Convenience segment has maintained a strong pipeline of new business opportunities as it leverages PFG’s platform. Our organization has remained resilient through the current operating environment, and I am excited about the significant opportunity we have in fiscal 2024 and the years to come. I am confident in our ability to successfully execute our business strategy and maximize value to our shareholders.”