Performance Food Group sees FY23 revenue $57B-$59B, consensus $57.4B

For the full fiscal year 2023, PFG now expects net sales to be in a range of $57 billion to $59 billion compared to the prior expectation for a range of $56 billion to $58 billion. For the full fiscal year of 2023, PFG now expects Adjusted EBITDA to be in a range of $1.23 billion to $1.33 billion compared to the prior expectation for a range of $1.15 billion to $1.25 billion. 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.