RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Performance Food Group Co. (PFGC) on Wednesday reported fiscal first-quarter profit of $108 million.
The Richmond, Virginia-based company said it had net income of 69 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.16 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The food distributor posted revenue of $15.42 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $15.31 billion.
For the current quarter ending in December, Performance Food said it expects revenue in the range of $15.2 billion to $15.6 billion.
The company expects full-year revenue in the range of $62.5 billion to $63.5 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFGC at https://www.zacks.com/ap/PFGC
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
