Performance Food Group Q3 net income falls 17.2%; lowers full-year outlook
Performance Food Group reported fiscal third-quarter 2025 results for the quarter ended March 29, 2025. Net sales rose 10.5% to $15.3 billion and Adjusted EBITDA rose 20.1% to $385.1 million, but net income fell 17.2% to $58.3 million and diluted EPS fell 17.8% to $0.37; the company also lowered the top end of its full-year net sales and Adjusted EBITDA ranges, citing a difficult February, which matters to shareholders because the company's outlook for fiscal 2025 is now lower at the high end.
Key points
- Net sales for the quarter rose 10.5% to $15.3 billion, while net income fell 17.2% to $58.3 million and diluted EPS fell 17.8% to $0.37.
- Full-year fiscal 2025 net sales outlook is now $63 billion to $63.5 billion, down from $63 billion to $64 billion.
- Full-year fiscal 2025 Adjusted EBITDA outlook is now $1.725 billion to $1.75 billion, down from $1.725 billion to $1.8 billion.
- Operating cash flow for the first nine months was $827.1 million, compared with $956.7 million a year earlier.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.