Performance Food Group Company (NYSE: PFGC) saw its shares wither Wednesday, after the company announced its fourth-quarter fiscal 2026 business results.
“Our solid execution throughout the year produced a strong finish to fiscal 2026,” said CEO Scott McPherson. “Consistent market share gains across our business units translated into strong revenue growth and record-setting EBITDA results. We enter fiscal 2027 with significant momentum, reflected in the outlook we are providing today.”
Net sales for the fourth quarter of fiscal 2026 grew 6.4% to $18.0 billion compared to the prior year period primarily driven by an increase in selling price per case as a result of inflation, an increase in organic cases sold, including a favorable shift in mix of cases sold, and recent acquisitions.
Gross profit for the fourth quarter of fiscal 2026 grew 8.3% to $2.2 billion compared to the prior year period, primarily due to growth and mix of cases sold, including growth in the independent channel, which generates higher gross profit due to additional services provided, recent acquisitions, and vendor rebates and promotional incentives.
Net income for the fourth quarter of fiscal 2026 increased $30.8 million year-over-year to $162.3 million primarily driven by an increase in gross profit, partially offset by increases in operating expenses and income tax expense.
PFGC shares sank $5.11, or 4.5% to $108.85.
