Performance Food Group raises fiscal 2026 sales outlook; Q1 net income falls 13.3%
Performance Food Group reported first-quarter fiscal 2026 results for the quarter ended September 27, 2025. Net sales rose 10.8% to $17.1 billion and Adjusted EBITDA rose 16.6% to $480.1 million, but net income fell 13.3% to $93.6 million and diluted EPS fell 13.0% to $0.60. The company raised its full-year fiscal 2026 net sales outlook, while keeping its Adjusted EBITDA outlook unchanged.
Key points
- Net sales rose 10.8% to $17.1 billion, with the Cheney Brothers acquisition cited as a main driver.
- Net income fell 13.3% to $93.6 million, and diluted EPS was $0.60 versus $0.69 a year earlier.
- Full-year fiscal 2026 net sales outlook raised to $67.5 billion to $68.5 billion from $67 billion to $68 billion; Adjusted EBITDA outlook unchanged at $1.9 billion to $2.0 billion.
- Free cash flow was negative $224.1 million, and $500 million remained available for share repurchases as of September 27, 2025.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing 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 November 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.