Performance Food Group backs FY24 revenue view $59B-$60B, consensus $59.43B

Sees FY24 adjusted EBITDA $1.45B-$1.5B. The company said, “For the full fiscal year 2024, PFG continues to expect net sales to be in a range of $59 billion to $60 billion. For the full fiscal year of 2024, PFG now expects Adjusted EBITDA to be at the upper end of the previously announced $1.45 billion to $1.5 billion range. PFG reiterates its 3-year Net Sales and Adjusted EBITDA targets. The company continues to expect to achieve annual net sales of $62 to $64 billion and Adjusted EBITDA between $1.5 and $1.7 billion in fiscal 2025.”