Description

Performance Food Group: Emergence of E-commerce & 5 Major Drivers Propelling The Company

Performance Food Group (PFG) hosted its Q2 2024 earnings call where they discussed results and future outlook, with performance metrics showing strong results for the quarter. The company generated total net sales of $14.3 billion, a 2.9% increase from last year, with the result at the top end of the guidance range. PFG’s sales performance was led by a 2.1% rise in total case volume growth, helped by an 8.7% surge in independent restaurant case growth. Gross profit per case boosted by $0.29 from last year’s period, highlighting solid profit growth. PFG reported a net income of $78.3 million, a 10% increase from last year, and adjusted EBITDA saw an almost 12% rise to $345 million. However, PFG did note a higher effective tax rate of 29.9% in the fiscal second quarter due to increased non-deductible expenses and state and foreign taxes as a percentage of income.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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