Performance Food Group Company Raises Sales Outlook Better Than Estimates

(RTTNews) - Food products major Performance Food Group Company (PFGC) Tuesday raised its fourth-quarter net sales outlook to at least $8.8 billion from previous expectation of at least $8.2 billion. On average, six analysts polled by Thomson Reuters expect the company to report sales of $8.22 billion for the quarter. Analysts' estimates typically exclude special items.

The company currently sees adjusted EBITDA to be at least $190 million in the fourth quarter, up from a minimum of $185 million expected earlier.

The company's Chairman, President & Chief Executive Officer George Holm and Executive Vice President & Chief Financial Officer Jim Hope are scheduled to participate in group investor meetings as part of the 2021 Jefferies Virtual Consumer Conference, today.