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

RTTNews | 352 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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TSX Ends Modestly Lower, Drops Nearly 1.5% In Week

TSX Ends Modestly Lower, Drops Nearly 1.5% In Week

The Canadian market ended on a weak note on Friday, extending losses to a fifth straight session, on concerns about the outlook for economic growth, and on uncertainty about the outcome of the upcoming U.S. presidential election.
RTTNews | 6h 21min ago
Dollar Rises Against Major Counterparts

Dollar Rises Against Major Counterparts

After staying quite subdued during the Asian and European sessions, and early on in the New York session, the U.S. dollar climbed higher on Friday amid bets the Federal Reserve will be less aggressive with regard to interest rate cuts, and on speculation former President Donald Trump coming to power for a second term.
RTTNews | 6h 47min ago
Swiss Market Ends Slightly Higher

Swiss Market Ends Slightly Higher

The Switzerland market ended slightly up on Friday after a choppy session as investors largely refrained from making significant moves due to a lack of triggers.
RTTNews | 9h 41min ago
Major European Markets Close Slightly Lower

Major European Markets Close Slightly Lower

European stocks closed slightly lower on Friday with investors largely reacting to quarterly earnings results, and assessing the outlook for growth in the wake of recent economic data. Persisting worries about tensions in the Middle East and uncertainty about the outcome of the upcoming U.S. presidential election weighed a bit on stocks.
RTTNews | 9h 59min ago
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