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

RTTNews | 429 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.

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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 | 11h 53min 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 | 12h 10min 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 | 12h 49min 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 | 16h 33min ago
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