Performance Food Group Co · PFGC · FY2025 Q4 · Calendar Q3 2025

PFGC Reaffirms FY2026 Plan as Acquisitions and Hiring Support Growth

The current analysis supports a constructive but conditional view: PFGC's growth plan is supported by salesforce expansion, acquisitions, procurement savings and capacity investment, while execution and macro-sensitive demand remain important tests.

Reported Before market openNYSEConsumer Defensive $14.90B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.55 Consensus $1.46
EPS surprise +6.2% Reported versus consensus
Reported revenue $16.94B Consensus $16.77B
Revenue surprise +1.0% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +3.0% Event window
SPY move +0.3% Same window
Abnormal move +2.6% Stock minus SPY
Volume 2.2× Versus trailing sessions
Subsequent drift +4.9% Up to 20 sessions
PFGCSPY benchmark

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Transcript intelligence

What changed

Compared with the prior-quarter analysis, management's guidance sentiment shifted from lowered to maintained. The current analysis also emphasizes continued hiring, acquisition integration, capacity expansion and procurement savings as the next execution priorities.

Guidance delta

Management maintained FY2026 guidance, including an approximately 6% independent case-growth goal and adjusted EBITDA of $1.9-$2.0 billion.

Key takeaways

  • Management described FY2025 growth as broad-based, supported by case growth, salesforce expansion and acquisitions.
  • The current analysis indicates FY2026 guidance was maintained, contrasting with the prior quarter's modestly lowered range.
  • Procurement savings were described as on track, while capacity investments are intended to support growth.
  • The main watchpoints are acquisition integration, sales talent, convenience demand and macro-sensitive costs.

Management priorities

  • Continue hiring and expanding the salesforce.
  • Integrate José Santiago and Cheney Brothers while lapping their results.
  • Expand warehouse capacity and fleet, particularly on the West Coast.
  • Pursue high-margin new accounts in Convenience and Specialty.
  • Maintain a disciplined focus on high-quality M&A targets.

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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

$94.88Current
$62Low
$104.8Average
$133High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 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 BuyMaintainSep 11, 2026
UBS Buy BuyMaintainAug 14, 2026
Citigroup Buy BuyMaintainAug 13, 2026
Morgan Stanley Overweight OverweightMaintainJul 16, 2026
Wells Fargo Overweight OverweightMaintainJul 14, 2026
Show 21 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $94.88. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
UBSMark Carden$130$105.92 +37.0%Aug 17, 2026
Deutsche BankLauren Silberman$133$104.9 +40.2%Aug 13, 2026
Morgan StanleyAnalyst unavailable$131$112.99 +38.1%Jul 15, 2026
Wells FargoAnalyst unavailable$130$113.31 +37.0%Jul 14, 2026
GuggenheimJohn Heinbockel$125$110.44 +31.7%Jun 29, 2026
See 28 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

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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-10-11T13:20:44.312426+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T13:20:44.309673+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 2026-10-11. For educational purposes only; not investment advice.