Performance Food Group Company (PFGC), a food and food service distributor, on Wednesday initiated guidance for the third quarter and revised down its annual outlook.
Scott McPherson, CEO of Performance Food Group, said: "As we refine our outlook for 2026 to reflect recent market dynamics, our confidence in the strategy and the long-term trajectory of the company remains unchanged."
For the third quarter of fiscal 2026, the company expects adjusted EBITDA of $390 million to $410 million, with sales of $16 billion to $16.3 billion.
For the third quarter of fiscal 2025, PFGC had reported adjusted EBITDA of $385.1 million, on sales of $15.3 billion.
For fiscal 2026, the Group now expects adjusted EBITDA of $1.875 billion to $1.975 billion compared to the prior outlook of $1.9 billion to $2 billion.
For fiscal 2026, PFGC now expects sales of $67.25 billion to $68.25 billion against the prior expectation of $67.5 billion to $68.5 billion.
For fiscal 2025, the food company had reported adjusted EBITDA of $1.8 billion, on sales of $63.3 billion.
PFCG was down by 10.43% at $87 in the pre-market trade on the New York Stock Exchange.
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