Performance Food Group Co · PFGC · FY2025 Q3 · Calendar Q2 2025

PFGC sees strong growth but narrows its outlook

The current analysis offers mixed evidence for a durable growth case: acquisition integration, organic volume gains and margin expansion support the thesis, while macro softness, weather, cost pressure and a narrowed outlook argue for caution.

Reported Before market openNYSEConsumer Defensive $15.36B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.86
EPS surprise — Reported versus consensus
Reported revenue — Consensus $15.39B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +2.3% Event window
SPY move +0.4% Same window
Abnormal move +1.8% Stock minus SPY
Volume 2.4× Versus trailing sessions
Subsequent drift +5.8% Up to 20 sessions
PFGCSPY benchmark

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Transcript intelligence

What changed

Compared with the prior-quarter analysis, management’s tone became more cautious: it cited macroeconomic and weather headwinds, narrowed guidance and emphasized continued investment alongside debt reduction and capital allocation.

Guidance delta

Management narrowed guidance and lowered the top end of its sales and EBITDA ranges modestly, while maintaining alignment with its three-year plan.

Key takeaways

  • Management highlighted acquisition-led growth, organic volume gains and margin expansion.
  • Weather and macroeconomic softness weighed on performance, while management reported an April rebound.
  • Strong operating cash flow supports investment, debt reduction and capital allocation.
  • The current analysis does not include reported-versus-consensus EPS or revenue results.

Management priorities

  • Integrate the Cheney Brothers and Jose Santiago acquisitions.
  • Invest in capacity, fleet and technology to improve supply-chain efficiency.
  • Pursue organic growth, opportunistic acquisitions and disciplined capital allocation.

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Earnings History

Estimate Beat Miss Match
PFGC EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q3 '24 estimate $0.84 Q3 '24 actual $0.80, miss Q4 '24 estimate $1.37 Q4 '24 actual $1.45, beat Q1 '25 estimate $1.21 Q1 '25 actual $1.16, miss Q4 '25 estimate $1.46 Q4 '25 actual $1.55, beat Q1 '26 estimate $1.21 Q1 '26 actual $1.18, miss Q2 '26 estimate $1.07 Q2 '26 actual $0.98, miss Q3 '26 estimate $0.78 Q3 '26 actual $0.80, beat Q4 '26 estimate $1.60 Q4 '26 actual $1.59, match Q1 '27 estimate $1.29 Q2 '27 estimate $1.22 Q3 '27 estimate $1.04 Q4 '27 estimate $2.07
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Analyst Consensus ?

ConsensusBuy26 ratings
Bullish2492.3%
Neutral27.7%
Bearish00.0%

Analyst 52W Price Targets

$97.78Current
$62Low
$105.05Average
$136High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
TD Cowen Buy BuyMaintainOct 15, 2026
Morgan Stanley Overweight OverweightMaintainOct 15, 2026
UBS Buy BuyMaintainAug 14, 2026
Citigroup Buy BuyMaintainAug 13, 2026
Wells Fargo Overweight OverweightMaintainJul 14, 2026
Show 21 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $97.78. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Morgan StanleyAnalyst unavailable$136$95.08 +39.1%Oct 15, 2026
UBSMark Carden$130$105.92 +33.0%Aug 17, 2026
Deutsche BankLauren Silberman$133$104.9 +36.0%Aug 13, 2026
Morgan StanleyAnalyst unavailable$131$112.99 +34.0%Jul 15, 2026
Wells FargoAnalyst unavailable$130$113.31 +33.0%Jul 14, 2026
See 29 more

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Company context

Snapshot as of publication

Performance Food Group Company, through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America. It operates through three segments: Foodservice, Convenience, and Specialty. The company offers beef, pork, poultry, and seafood; frozen food and refrigerated products; dry groceries comprising cleaning and kitchen supplies and disposables; candy, snacks, and beverages; and fresh products, groceries, dairy, bread, beverages, general merchandise, and health and beauty care products, as well as cigarettes and other nicotine products.…

Historical context

All PFGC earnings

Latest beats and misses

Who reports next

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-04-24T23:45:19.569357+00:00
  3. Polygon adjusted daily market bars · 2026-10-18T02:30:41.097240+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T02:30:41.094433+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-18. For educational purposes only; not investment advice.