Performance Food Group (PFGC) announced an increase in profits for the fourth quarter, surpassing both the previous year's figures and Wall Street expectations.
The company recorded earnings of $166.5 million, translating to $1.07 per share, up from $150.1 million, or $0.96 per share, in the fourth quarter of the previous year.
Excluding special items, Performance Food Group posted adjusted earnings of $1.45 per share for the quarter.
Analysts, on average, had projected earnings of $1.37 per share, based on estimates from Thomson Reuters. Typically, these estimates do not consider extraordinary items.
Quarterly revenue for Performance Food Group rose by 2.2%, reaching $15.189 billion, compared to $14.865 billion the previous year.
### Performance Food Group Earnings Overview (GAAP):
- **Earnings (Q4)**: $166.5 million vs. $150.1 million last year
- **EPS (Q4)**: $1.07 vs. $0.96 last year
- **Revenue (Q4)**: $15.189 billion vs. $14.865 billion last year
