Performance Food Group (PFGC) revealed a profit for third quarter that Drops, from last year
The company's earnings totaled $41.7 million, or $0.27 per share. This compares with $58.3 million, or $0.37 per share, last year.
Excluding items, Performance Food Group reported adjusted earnings of $0.80 per share for the period.
The company's revenue for the period rose 6.4% to $16.290 billion from $15.306 billion last year.
Performance Food Group earnings at a glance (GAAP) :
-Earnings: $41.7 Mln. vs. $58.3 Mln. last year.-EPS: $0.27 vs. $0.37 last year.-Revenue: $16.290 Bln vs. $15.306 Bln last year.
Net income for the third quarter decreased $16.6 million year-over-year to $41.7 million primarily due to an increase in operating expenses.
Net sales for the third quarter grew 6.4% to $16.3 billion compared to the prior year period, primarily driven by an increase in cases sold, including a favorable shift in mix of cases sold, and an increase in selling price per case as a result of inflation.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.