Performance Food Group Expects 2016 Adj. EBITDA Growth In Range Of 9% To 12%

(RTTNews) - Performance Food Group Company (PFGC) announced, for fiscal 2016, the company expects adjusted EBITDA growth to be in a range of 9% to 12% (7% to 10% on a 52 week to 52 week basis) versus a comparable fiscal 2015 Adjusted EBITDA of $328.6 million. The company anticipates the extra week will add approximately two percentage points to the fiscal 2016 outlook for Adjusted EBITDA.

For the first-quarter fiscal 2016, adjusted EBITDA was $80.1 million, or a 14.1% increase compared to $70.2 million in the same period of fiscal 2015. Net sales were $3.9 billion, an increase of 6.3% versus the comparable prior year period, primarily driven by an increase in cases sold. Organic case volume grew 4.9% during the quarter and 5.1% including acquisitions.