Performance Food Group Reports Fiscal First-Quarter 2027 Financial Results

Performance Food Group reported fiscal first-quarter 2027 sales of $18.018 billion, up 5.5%, and net income of $129.5 million, up 38.4%. Adjusted earnings per share increased 11.9% to $1.32, exceeding analyst expectations, and the company reaffirmed its fiscal 2027 guidance. Organic case growth at independent restaurants was 5.5%, while independent customers’ share of sales rose to 43%. After the results, several analysts raised their price targets for PFGC.