Performance Food Group (PFG) Reports Q1 2027 Growth Driven by Case Volume and Acquisitions
Performance Food Group (PFG) reported strong first-quarter fiscal 2027 results, with net sales rising 5.5% to $18.0 billion. This growth was fueled by organic case volume increases, strategic acquisitions such as Cheney Brothers, and price adjustments to counter inflation. The company saw significant expansion in its Specialty segment and robust performance in the independent Foodservice channel. Profitability also improved, with Adjusted EBITDA growing 10% to $528 million, supported by gross margin expansion despite rising fuel expenses. While net debt leverage remains at the high end of management's target range at 3.5x, the company is prioritizing debt reduction. Looking ahead, PFG provided full-year guidance for sales between $72.5 billion and $73.0 billion, signaling continued confidence in its diversified distribution model.
Tickers: $PFG
Topics: adjusted EBITDA case volume EPS gross margin net sales
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