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Performance Food Group reports Q1 EPS $1.08, consensus 80c
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Performance Food Group reports Q1 EPS $1.08, consensus 80c

Reports Q1 revenue $14.7B, consensus $14.42B."Our results in the first quarter were well ahead of our prior, announced, expectations, leading to a strong start to the fiscal year," said George Holm, PFG’s Chairman & Chief Executive Officer. "All of our operating segments are driving high-quality top-line performance and margin expansion. Within the Foodservice segment, we continue to outperform in the independent restaurant segment, picking up market share and adding new customers to our portfolio. Vistar’s channel improvement continued, producing excellent profit growth compared to the prior year. In Convenience, we have now owned Core-Mark for just over a year and are extremely pleased with the integration and ongoing sales and profit performance. Our business is strong and delivered significant cash flow, which we used to reduce leverage and maintain a healthy balance sheet. Building upon our 1Q23 performance, we are confidently raising our sales and Adjusted EBITDA outlook for both the second quarter and the full fiscal year."

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