Performance Food Group Q1 revenue beats estimates, stock surges 23.4%

Earnings

โดย Yahoo Finance·Read original

Summary · why it matters

Performance Food Group reported first-quarter revenues of $16.29 billion, up 6.4% year on year and exceeding analyst expectations by 0.8%. The food distributor, which operates 155 distribution centers and serves over 300,000 locations across North America, delivered full-year revenue guidance in line with estimates but missed adjusted operating income projections. Its stock has risen 23.4% since the earnings release. Among the 141 consumer discretionary stocks tracked, the group overall beat revenue consensus by 2% while next-quarter guidance came in 4.1% below estimates, and shares have averaged a 3.8% gain since reporting. Smith & Wesson posted the strongest results with a 26.7% revenue jump and a 14.9% beat, while Leggett & Platt was the weakest, with revenue down 10.2% and missing estimates by 3.3%.