Analyst Consensus ?
ConsensusBuy26 ratings
Bullish2492.3%
Neutral27.7%
Bearish00.0%
Performance Food Group Co · PFGC · FY2027 Q1 · Calendar Q4 2026
PFGC Reaffirms FY2027 Outlook as Margins Expand
The call supports a measured case that growth and operational execution can sustain earnings momentum: management cited revenue growth, gross-margin expansion, and procurement and technology initiatives. Fuel, consumer traffic, and segment-level margin pressures remain counterweights; this quarter alone does not establish that the trajectory will persist.
Reported Before market openNYSEConsumer Defensive
$15.16B market cap
70quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.27
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $18.02B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+13.8%
Event window
SPY move
+1.8%
Same window
Abnormal move
+12.0%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
PFGCSPY benchmark
Ask FN2 about PFGC FY2027 Q1
Transcript, numbers and history already loaded
What drove PFGC's +13.8% move after FY2027 Q1 earnings?What changed in PFGC's guidance and outlook in FY2027 Q1?Give me the bull and bear case for PFGC after FY2027 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management described fiscal Q1 revenue growth of 5.5%, gross-profit growth of 8.5%, and adjusted EBITDA at the top of its guidance range. It attributed margin improvement to procurement savings, a richer Performance Brands mix, and technology investments, while reaffirming FY2027 guidance. The supplied analysis does not include actual EPS or revenue values for comparison with consensus.
Guidance delta
Guidance was reaffirmed: FY2027 sales of $72.5–73 billion and adjusted EBITDA of $2.125–2.225 billion. Management also described procurement savings initiatives targeted through FY2028; the transcript analysis cites up to $125 million in savings.
Key takeaways
- Fiscal Q1 revenue grew 5.5%; gross profit grew 8.5%, and adjusted EBITDA was at the top of guidance.
- Management cited procurement savings, Performance Brands mix, and technology investments as margin drivers.
- AI-enabled routing, inventory drones, and CustomerFirst enhancements are operational initiatives, not yet quantified results in the supplied analysis.
- FY2027 sales and adjusted EBITDA guidance was reaffirmed.
Management priorities
- Deliver procurement savings through FY2028 and improve vendor negotiations.
- Continue AI-enabled routing, inventory drone, and CustomerFirst initiatives.
- Integrate Jersey Mike's locations and pursue branded-program expansion.
Follow PFGC with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$109.57Current
$62Low
$105.05Average
$136High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 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 | Oct 15, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 15, 2026 |
| UBS | Buy | Buy | Maintain | Aug 14, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 13, 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 $109.57. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $136 | $95.08 | +24.1% | Oct 15, 2026 |
| UBS | Mark Carden | $130 | $105.92 | +18.6% | Aug 17, 2026 |
| Deutsche Bank | Lauren Silberman | $133 | $104.9 | +21.4% | Aug 13, 2026 |
| Morgan Stanley | Analyst unavailable | $131 | $112.99 | +19.6% | Jul 15, 2026 |
| Wells Fargo | Analyst unavailable | $130 | $113.31 | +18.6% | Jul 14, 2026 |
| Guggenheim | John Heinbockel | $125 | $110.44 | +14.1% | Jun 29, 2026 |
| Deutsche Bank | Analyst unavailable | $123 | $91.6 | +12.3% | May 7, 2026 |
| Barclays | Analyst unavailable | $115 | $92.88 | +5.0% | May 7, 2026 |
| UBS | Analyst unavailable | $108 | $89.86 | -1.4% | Feb 5, 2026 |
| Morgan Stanley | Analyst unavailable | $123 | $97.61 | +12.3% | Jan 20, 2026 |
| Barclays | Analyst unavailable | $105 | $87.47 | -4.2% | Jan 7, 2026 |
| UBS | Mark Carden | $120 | $91.66 | +9.5% | Dec 19, 2025 |
| Piper Sandler | Brian Mullan | $111 | $94.4 | +1.3% | Dec 12, 2025 |
| Barclays | Analyst unavailable | $118 | $100.94 | +7.7% | Oct 22, 2025 |
| Bernstein | Danilo Gargiulo | $130 | $101.14 | +18.6% | Oct 22, 2025 |
| Piper Sandler | Analyst unavailable | $114 | $105.18 | +4.0% | Sep 2, 2025 |
| Guggenheim | John Heinbockel | $115 | $102.11 | +5.0% | Aug 26, 2025 |
| Wells Fargo | Edward Kelly | $115 | $101.27 | +5.0% | Aug 13, 2025 |
| Bernstein | Jeffrey Bernstein | $112 | $84.66 | +2.2% | May 29, 2025 |
| Piper Sandler | Brian Mullan | $92 | $83.69 | -16.0% | Nov 18, 2024 |
| Wells Fargo | Edward Kelly | $88 | $78.41 | -19.7% | Oct 8, 2024 |
| Truist Financial | Jake Bartlett | $88 | $72.12 | -19.7% | Aug 15, 2024 |
| Deutsche Bank | Lauren Silberman | $94 | $72.25 | -14.2% | Aug 15, 2024 |
| BMO Capital | Kelly Bania | $87 | $72.25 | -20.6% | Aug 15, 2024 |
| Stephens | Joshua Long | $75 | $60.47 | -31.6% | Nov 8, 2023 |
| BMO Capital | Analyst unavailable | $70 | $52.25 | -36.1% | Aug 19, 2022 |
| Deutsche Bank | Analyst unavailable | $60 | $52.37 | -45.2% | Aug 18, 2022 |
| Truist Financial | Analyst unavailable | $67 | $52.1 | -38.9% | Aug 18, 2022 |
| Deutsche Bank | Analyst unavailable | $58 | $45.11 | -47.1% | May 13, 2022 |
| UBS | Mark Carden | $63 | $47.95 | -42.5% | Nov 11, 2021 |
| Credit Suisse | Lauren Silberman | $70 | $47.95 | -36.1% | Nov 11, 2021 |
| BMO Capital | Kelly Bania | $61 | $45.31 | -44.3% | Sep 17, 2021 |
| Guggenheim | John Heinbockel | $65 | $48.83 | -40.7% | Jun 21, 2021 |
| Wolfe Research | Greg Badishkanian | $62 | $53.94 | -43.4% | 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 |
|---|---|---|---|---|
| KHC The Kraft Heinz Company | FY2026 Q3 · Calendar Q4 2026 | — | +5.3% | Kraft Heinz Simplifies Portfolio, Invests for Growth Amid Cost and Share Risks |
| SYY Sysco Corporation | FY2027 Q1 · Calendar Q4 2026 | 0.0% | -9.3% | Sysco holds FY2027 outlook as local case growth offsets operating headwinds |
Latest beats and misses
Who reports nextBeat on EPS
- SUFY2026 Q3 · November 3, 2026+20.9% EPS-4.5% move
- AFGFY2026 Q3 · November 3, 2026+4.5% EPS+1.0% move
- WTRGFY2026 Q3 · November 3, 2026+13.7% EPS+2.5% move
- LTMFY2026 Q3 · November 3, 2026+25.2% EPS+9.5% move
- AIZFY2026 Q3 · November 3, 2026+29.5% EPS+4.2% move
- AIZNFY2026 Q3 · November 3, 2026+36.0% EPS+0.5% move
Missed on EPS
- OHIFY2026 Q3 · November 3, 2026-42.5% EPS+3.5% move
- MOSFY2026 Q3 · November 3, 2026-1656.0% EPS+17.4% move
- OVVFY2026 Q3 · November 3, 2026-2.0% EPS-5.1% move
- BSACFY2026 Q3 · October 30, 2026-20.0% EPS-3.0% move
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
- CHTFY2026 Q3 · November 4, 2026-55.7% EPS+0.9% 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 · 2026-11-04T18:12:21.373037+00:00
- FN2 earnings calendar · 2026-11-04T01:23:13.345574+00:00
- Polygon adjusted daily market bars · 2026-11-04T19:40:44.265743+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T19:40:44.263697+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 2026-11-04. For educational purposes only; not investment advice.