Shares of food distribution firm Performance Food Group Company (PFGC) are rising more than 6% Wednesday morning after reporting improved fourth quarter results.
Net income in the quarter significantly increased to $150.1 million or $0.96 per share from $76 million or $0.49 per share in the same quarter a year ago.
Excluding special items, earnings were $1.14 per share, in line with the average estimate of analysts polled by Thomson-Reuters.
Net sales increased 2% to $14.865 billion. The consensus estimate was for $15.07 billion.
PFGC, currently at $61.35, has traded in the range of $42.77 - $63.22 in the last 1 year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.