Performance Food Group Guides Q2 Net Sales Below View; Backs FY23 Net Sales Outlook

RTTNews | 611 days ago
Stocktwits
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

Tags: PFGC
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Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 8h 3min ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 8h 20min ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 8h 59min ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 12h 42min ago
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