Performance Food Group Backs FY18 Earnings Outlook - Quick Facts

(RTTNews) - Performance Food Group Co. (PFGC), a foodservice distributor, reaffirmed its outlook for fiscal 2018 adjusted earnings per share to grow in a range of 13% to 18% to $1.40 to $1.46 from last year's adjusted earnings per share of $1.24.

On average, eight analysts polled by Thomson Reuters expect earnings of $1.43 per share for the year. Analysts' estimates typically exclude special items.

Adjusted EBITDA is still expected to grow in a range of 8% to 11% versus its fiscal 2017 adjusted EBITDA of $390.7 million.

In addition, the company announced its three-year financial goals of 5% case growth, 10% adjusted EBITDA growth and 15 basis points of Adjusted EBITDA margin on an annual compounded basis.

The company is hosting its investor day conference in New York City today.

George Holm, PFG's President & CEO, and other members of the leadership team will make presentations that provide an overview of the company and its strategies for creating shareholder value.