Performance Food Group Guides Q4 Net Sales Below View; Trims FY24 Net Sales Outlook - Update

RTTNews | 477 days ago
Stocktwits
Performance Food Group Guides Q4 Net Sales Below View; Trims FY24 Net Sales Outlook - Update

(RTTNews) - While reporting financial results for the third quarter on Wednesday, Performance Food Group Co. (PFGC) provided net sales guidance for the fourth quarter, below estimates. The company also trimmed its net sales guidance for the full-year 2024.

For the fourth quarter, PFG expects net sales in a range of $15.0 billion to $15.4 billion. On average, 11 analysts polled by Thomson Reuters expect the company to report revenues of $15.60 billion for the quarter.

Looking ahead to fiscal 2024, PFG now projects net sales in a range of about $58.1 billion to $58.5 billion, down from the prior expectation of a $59 billion to $60 billion range. The Street is looking for net sales of $59.02 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: PFGC
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U.S. Dollar Falls Amid Fed Rate Cut Speculation

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.
RTTNews | 26 minutes ago
Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric
RTTNews | 1h 29min ago
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
RTTNews | 3h 21min ago
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