Performance Food Group Q4 net income falls 21.0% to $131.5 million; sales rise 11.5%
Performance Food Group reported fourth-quarter and full-year fiscal 2025 results for periods ended June 28, 2025, in a press release furnished as Exhibit 99.1. Quarterly net sales grew 11.5% to $16.9 billion, but GAAP net income fell 21.0% to $131.5 million as depreciation, amortization and interest expense rose following acquisitions, including Cheney Brothers. The company also issued fiscal 2026 guidance calling for net sales of $67 billion to $68 billion and Adjusted EBITDA of $1.9 billion to $2.0 billion.
- Q4 fiscal 2025 net sales rose 11.5% to $16.9 billion, while diluted EPS fell 21.5% to $0.84
- Q4 Adjusted Diluted EPS rose 6.9% to $1.55; full-year Adjusted Diluted EPS rose 4.2% to $4.48 (non-GAAP)
- Fiscal 2026 outlook: net sales of $67 billion to $68 billion and Adjusted EBITDA of $1.9 billion to $2.0 billion
- On May 27, 2025, the board authorized a new $500 million share repurchase program; $500 million remained available as of June 28, 2025