Analyst Consensus ?
ConsensusBuy26 ratings
Bullish2492.3%
Neutral27.7%
Bearish00.0%
Performance Food Group Co · PFGC · FY2026 Q1 · Calendar Q4 2025
PFGC raises sales outlook as Q1 growth spans all three segments
The quarter supports a constructive operating trajectory: broad-based growth, new Convenience accounts, margin expansion, and a sales-guidance raise. The evidence is tempered by questions around the durability of independent case growth, acquisition integration, inflation, and the timing of synergies.
Reported Before market openNYSEConsumer Defensive
$14.54B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.18
Consensus $1.21
EPS surprise
-2.5%
Reported versus consensus
Reported revenue
$17.08B
Consensus $16.88B
Revenue surprise
+1.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.2%
Event window
SPY move
+0.3%
Same window
Abnormal move
-1.5%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
-2.6%
Up to 20 sessions
PFGCSPY benchmark
Ask FN2 about PFGC FY2026 Q1
Transcript, numbers and history already loaded
Why did PFGC fall 1.2% after missing EPS estimates in FY2026 Q1?What changed in PFGC's guidance and outlook in FY2026 Q1?Give me the bull and bear case for PFGC after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, guidance sentiment moved from maintained to raised for sales, while management continued emphasizing salesforce expansion, capacity investment, acquisitions, and procurement savings. New information included Core-Mark shipments to Love’s and a planned RaceTrac launch, alongside reported double-digit growth across all three segments.
Guidance delta
Full-year sales guidance was raised to $67.5-$68.5 billion; adjusted EBITDA guidance was reaffirmed.
Key takeaways
- Q1 net sales grew 10.8% year over year, supported by independent case growth and new Convenience accounts.
- Adjusted EBITDA rose 16.6%, with double-digit growth across Foodservice, Convenience, and Specialty.
- Core-Mark began shipping to Love’s Travel Stops and plans to launch at RaceTrac locations.
- Management said the COGS savings program is targeting $100-$125 million over three years.
- The principal execution questions are acquisition integration, cost savings, and sustaining case growth.
Management priorities
- Expand the salesforce while maintaining the commission structure.
- Scale Core-Mark distribution to Love’s and RaceTrac locations.
- Pursue strategic Foodservice M&A and integrate recent acquisitions.
- Invest in buildings and fleet to support growth.
- Improve ROIC by a mid-single-digit percentage over the balance of the year.
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Estimate
Beat
Miss
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Analyst 52W Price Targets
$93.78Current
$62Low
$104.8Average
$133High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Buy | Buy | Maintain | Sep 11, 2026 |
| UBS | Buy | Buy | Maintain | Aug 14, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 13, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 16, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 14, 2026 |
| Guggenheim | Buy | Buy | Maintain | Jun 29, 2026 |
| Barclays | Overweight | Overweight | Maintain | May 7, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Dec 12, 2025 |
| Truist Securities | Buy | Buy | Maintain | Aug 14, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Nov 7, 2024 |
| Jefferies | Buy | Buy | Maintain | Sep 25, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Aug 15, 2024 |
| Stephens & Co. | Overweight | Overweight | Maintain | Feb 8, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | May 11, 2023 |
| Berenberg | Buy | Buy | Maintain | May 18, 2022 |
| CL King | Buy | Buy | Maintain | Mar 11, 2022 |
| BTIG | Neutral | Buy | Downgrade | Aug 20, 2021 |
| Wolfe Research | Outperform | Outperform | Maintain | Sep 23, 2020 |
| Buckingham Research | Buy | Buy | Maintain | Feb 6, 2020 |
| Buckingham | Buy | Buy | Maintain | Feb 6, 2020 |
| Bank of America | Buy | Buy | Maintain | Oct 2, 2019 |
| B of A Securities | Buy | Buy | Maintain | Oct 2, 2019 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 10, 2018 |
| Loop Capital | Buy | Buy | Maintain | May 16, 2017 |
| Goldman Sachs | Buy | Buy | Maintain | Dec 9, 2016 |
| BB&T Capital | Buy | Buy | Maintain | Oct 27, 2015 |
Named analyst price targets
Upside is calculated against the persisted current price $93.78. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Mark Carden | $130 | $105.92 | +38.6% | Aug 17, 2026 |
| Deutsche Bank | Lauren Silberman | $133 | $104.9 | +41.8% | Aug 13, 2026 |
| Morgan Stanley | Analyst unavailable | $131 | $112.99 | +39.7% | Jul 15, 2026 |
| Wells Fargo | Analyst unavailable | $130 | $113.31 | +38.6% | Jul 14, 2026 |
| Guggenheim | John Heinbockel | $125 | $110.44 | +33.3% | Jun 29, 2026 |
| Deutsche Bank | Analyst unavailable | $123 | $91.6 | +31.2% | May 7, 2026 |
| Barclays | Analyst unavailable | $115 | $92.88 | +22.6% | May 7, 2026 |
| UBS | Analyst unavailable | $108 | $89.86 | +15.2% | Feb 5, 2026 |
| Morgan Stanley | Analyst unavailable | $123 | $97.61 | +31.2% | Jan 20, 2026 |
| Barclays | Analyst unavailable | $105 | $87.47 | +12.0% | Jan 7, 2026 |
| UBS | Mark Carden | $120 | $91.66 | +28.0% | Dec 19, 2025 |
| Piper Sandler | Brian Mullan | $111 | $94.4 | +18.4% | Dec 12, 2025 |
| Barclays | Analyst unavailable | $118 | $100.94 | +25.8% | Oct 22, 2025 |
| Bernstein | Danilo Gargiulo | $130 | $101.14 | +38.6% | Oct 22, 2025 |
| Piper Sandler | Analyst unavailable | $114 | $105.18 | +21.6% | Sep 2, 2025 |
| Guggenheim | John Heinbockel | $115 | $102.11 | +22.6% | Aug 26, 2025 |
| Wells Fargo | Edward Kelly | $115 | $101.27 | +22.6% | Aug 13, 2025 |
| Bernstein | Jeffrey Bernstein | $112 | $84.66 | +19.4% | May 29, 2025 |
| Piper Sandler | Brian Mullan | $92 | $83.69 | -1.9% | Nov 18, 2024 |
| Wells Fargo | Edward Kelly | $88 | $78.41 | -6.2% | Oct 8, 2024 |
| Truist Financial | Jake Bartlett | $88 | $72.12 | -6.2% | Aug 15, 2024 |
| Deutsche Bank | Lauren Silberman | $94 | $72.25 | +0.2% | Aug 15, 2024 |
| BMO Capital | Kelly Bania | $87 | $72.25 | -7.2% | Aug 15, 2024 |
| Stephens | Joshua Long | $75 | $60.47 | -20.0% | Nov 8, 2023 |
| BMO Capital | Analyst unavailable | $70 | $52.25 | -25.4% | Aug 19, 2022 |
| Deutsche Bank | Analyst unavailable | $60 | $52.37 | -36.0% | Aug 18, 2022 |
| Truist Financial | Analyst unavailable | $67 | $52.1 | -28.6% | Aug 18, 2022 |
| Deutsche Bank | Analyst unavailable | $58 | $45.11 | -38.2% | May 13, 2022 |
| UBS | Mark Carden | $63 | $47.95 | -32.8% | Nov 11, 2021 |
| Credit Suisse | Lauren Silberman | $70 | $47.95 | -25.4% | Nov 11, 2021 |
| BMO Capital | Kelly Bania | $61 | $45.31 | -35.0% | Sep 17, 2021 |
| Guggenheim | John Heinbockel | $65 | $48.83 | -30.7% | Jun 21, 2021 |
| Wolfe Research | Greg Badishkanian | $62 | $53.94 | -33.9% | May 10, 2021 |
Track every rating change on PFGC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationPerformance 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 earningsConsumer Defensive peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| LW Lamb Weston Holdings, Inc. | FY2027 Q1 · Calendar Q4 2026 | — | +10.6% | Lamb Weston raises outlook as North American volume growth continues |
| MKC McCormick & Company, Incorporated | FY2026 Q3 · Calendar Q4 2026 | +13.9% | -4.9% | McCormick reports strong Q3 growth while U.S. volumes remain soft |
| CAG Conagra Brands, Inc. | FY2027 Q1 · Calendar Q3 2026 | +44.4% | -4.9% | Conagra maintains outlook while increasing brand investment and simplifying SKUs |
| COST Costco Wholesale Corporation | FY2026 Q4 · Calendar Q3 2026 | +3.2% | +2.9% | Costco’s growth broadens as warehouses and digital sales accelerate |
| GIS General Mills, Inc. | FY2027 Q1 · Calendar Q3 2026 | +4.6% | +1.0% | General Mills leans on mix, innovation and e-commerce amid pressure |
| KR The Kroger Co. | FY2026 Q2 · Calendar Q3 2026 | +2.8% | +2.7% | Kroger: Strong digital growth offsets softer sales outlook |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the PFGC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-06T22:20:43.144229+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T22:20:43.141461+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 2026-10-06. For educational purposes only; not investment advice.