Performance Food Group Q4 Results Top Estimates - Quick Facts

(RTTNews) - Performance Food Group Co. (PFGC) reported Thursday fourth-quarter net income of $31.4 million or $0.23 per share, compared to a net loss of $151.2 million or $1.19 per share in the prior-year quarter.

Excluding items, adjusted earnings were $0.56 per share, compared to adjusted net loss of $0.86 per share in the year-ago quarter.

Net sales increased 61.1 percent to $9.30 billion from $5.77 billion in the same quarter last year. It was also up 49.6 percent after adjusting for the extra week. Total case volume grew 55.8 percent or 44.7 percent after adjusting for the extra week.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share on revenue of $8.43 billion for the quarter. Analysts' estimates typically exclude special items.