Performance Food Group Guides Q2 Net Sales Below View; Backs FY23 Net Sales Outlook
(RTTNews) - While reporting financial results for the first quarter on Wednesday, Performance Food Group Co. (PFGC) provided net sales guidance for the second quarter, below estimates. The company also maintained its net sales guidance for the full-year 2023.
For the second quarter, PFG expects net sales in a range of $14.0 billion to $14.3 billion. On average, 11 analysts polled by Thomson Reuters expect the company to report revenues of $14.40 billion for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2023, PFG continues to project net sales in a range of $59 billion to $60 billion. The Street is looking for net sales of $59.43 billion for the year.
Meanwhile, the company continues to expect to achieve annual net sales of $62 billion to $64 billion in fiscal 2025.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Performance Food Group To Acquire Cheney Brothers For $2.1 Bln Cash
Performance Food Group Guides Q4 Net Sales Below View; Trims FY24 Net Sales Outlook - Update
Performance Food Group Boosts Q2, FY23 Net Sales Outlook As Q1 Results Top Estimates
Singapore Stock Market May Extend Losing Streak
Malaysia Bourse May Give Up Support At 1,600 Points
South Korea Shares Due For Profit Taking
China Trade Data On Tap For Monday
