Performance Food Group (NYSE: PFGC) reported its third‑quarter calendar‑year 2025 results on January 15 2026, delivering revenue of $17.08 billion, a 10.8% year‑over‑year increase that surpassed the consensus estimate of $16.87 billion by 1.2%. The company’s non‑GAAP earnings per share came in at $1.18, falling short of the $1.21 consensus by 2.3%.
The revenue growth was driven by a combination of organic expansion and the integration of recent acquisitions, including Cheney Brothers and Jose Santiago, which added new customer relationships and product lines. While the company maintained a strong top‑line trajectory, higher operating expenses and persistent product‑cost inflation weighed on profitability, leading to the EPS miss. The guidance for the full fiscal year was raised to $68 billion from the prior $63–$63.5 billion range, reflecting management’s confidence in continued demand momentum and the successful execution of its acquisition strategy.
On the margin front, operating income remained stable, but the company noted that cost inflation in key supply‑chain inputs has been a headwind, offsetting some of the pricing power gained in its core foodservice and convenience segments. Management emphasized that disciplined cost management and strategic pricing initiatives will be critical to preserving margin levels in the coming quarters.
Looking ahead, PFGC’s guidance signals a bullish outlook for the remainder of the year, with expectations of sustained revenue growth and a focus on leveraging its expanded distribution network. The company also highlighted ongoing investments in technology and logistics to support its acquisition integration and to enhance service offerings across its customer base.
Overall, the earnings release underscores PFGC’s ability to grow revenue while navigating inflationary pressures. The company’s strategic acquisitions and disciplined cost controls position it to maintain growth momentum, though the EPS miss indicates that cost management will remain a key focus as the business continues to scale.
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