NYSE:PFGCConsumer Retailing
Assessing Performance Food Group’s Valuation After Profit Miss And Ongoing Integration Headwinds
Quarterly miss, integration costs and deflation in focus
Performance Food Group (PFGC) recently reported quarterly results where profit fell short of market expectations as Cheney Brothers integration costs and deflation in categories like cheese and poultry pressured margins, even as revenue continued to grow.
Management reaffirmed revenue guidance for the upcoming quarter and maintained a positive longer term growth outlook. Analysts noted that higher operating expenses and acquisition...