Performance Food Group Company (PFGC) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 26, 2026 and Performance Food Group published the results on November 4, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Performance Food Group reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Performance Food Group's fiscal year ends on the Saturday nearest to June 30. Q1 fiscal 2027 ended September 26, 2026, and PFG says its full-year fiscal 2027 guidance includes the impact of a 53rd week.
• Specialty revised its sales channel classifications this fiscal year: the former value channel is now grocery retail, and theater, concessions and hospitality are combined as entertainment. PFG reclassified prior-period channel information to match.

Source: Performance Food Group Q1 fiscal 2027 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 26, 2026. Figures as reported; checked against the release on November 10, 2026.

How Performance Food Group splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Performance Food Group's Foodservice revenue was $9.6 billion in Q1 fiscal 2027, up 5% from $9.1 billion in Q1 fiscal 2026, 53% of total revenue.
• Performance Food Group's Convenience revenue was $6.9 billion in Q1 fiscal 2027, up 5% from $6.6 billion in Q1 fiscal 2026, 39% of total revenue.
• Performance Food Group's Specialty revenue was $1.4 billion in Q1 fiscal 2027, up 10% from $1.3 billion in Q1 fiscal 2026, 8% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, Performance Food Group said:

“For the second quarter of fiscal 2027, PFG expects net sales to be in a range of approximately $17.0 billion to $17.2 billion and Adjusted EBITDA to be in a range of approximately $490 million to $510 million.”

“For the full fiscal year 2027, PFG continues to expect net sales to be in a range of approximately $72.5 billion to $73.0 billion and Adjusted EBITDA to be in a range of approximately $2.125 billion to $2.225 billion.”

Source: Performance Food Group Q1 FY27 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PFGC forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's release.

Performance Food Group's next report is expected around February 3, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 4, 2026

Performance Food Group's net sales were $18,018.4 million in Q1 fiscal 2027, up 5.5% from $17,075.9 million. Of the $942.5 million increase, PFG attributes $437.8 million to more organic cases sold, $261.2 million to recent acquisitions and $243.5 million to a higher selling price per case as a result of inflation. Overall product cost inflation was approximately 3.4%. (Performance Food Group Form 10-Q, Q1 FY27, Nov 4, 2026)

Foodservice, which supplies independent and chain restaurants and institutions such as schools and healthcare facilities, had net sales of $9,604.6 million, up 5.0%. Independent customers made up 43.0% of Foodservice sales against 41.6% a year earlier, and organic independent case volume grew 5.5%. Convenience net sales rose 5.4% to $6,940.1 million on new chain customers and inflation, partly offset by a mix shift from cigarettes to alternative nicotine products. Specialty grew 10.3% to $1,407.3 million, with growth in vending, grocery retail, entertainment and office supply channels and declines in retail. (Performance Food Group Q1 FY27 release, Nov 4, 2026)

Cigarettes are Performance Food Group's largest product category: $14,993.9 million, or 22.1% of net sales, in fiscal 2026, just ahead of center of the plate at $14,891.7 million. Alternative nicotine products added $3,750.6 million. PFG lists the generally declining sales of cigarettes and other tobacco products as a risk to its sales volume, and no single customer was more than 10% of consolidated net sales in fiscal 2026. (Performance Food Group Form 10-K, fiscal 2026, Aug 12, 2026; Performance Food Group Form 10-Q, Q1 FY27, Nov 4, 2026)

Performance Food Group distributes more than 300,000 food and food-related products from over 150 distribution centers to over 350,000 customer locations, and has over 44,000 employees. In Q1 fiscal 2027 total case volume rose 4.2% and organic case volume 2.5%. The $261.2 million of incremental sales from recent acquisitions all landed in Foodservice, whose $458.5 million increase also included $151.8 million from organic case growth and $45.5 million from a higher selling price per case. (Performance Food Group Form 10-K, fiscal 2026, Aug 12, 2026; Performance Food Group Form 10-Q, Q1 FY27, Nov 4, 2026)

Performance Food Group's GAAP diluted EPS was $0.82 in Q1 fiscal 2027, up 36.7% from $0.60, and its Adjusted Diluted EPS was $1.32, up 11.9% from $1.18. The adjusted figure adds back amortization of intangible assets ($0.39 per share), the change in the LIFO reserve ($0.12), stock-based compensation ($0.08), acquisition and business optimization expenses ($0.08) and other adjustments ($0.01), less a $0.18 tax impact. (Performance Food Group Q1 FY27 release, Nov 4, 2026)

Net income rose $35.9 million to $129.5 million. Gross profit grew 8.5% to $2,187.5 million on vendor rebates, promotional incentives and a richer mix of independent cases, while operating expenses rose 6.9% to $1,915.3 million, including a $42.8 million increase in personnel expenses and a $34.2 million increase in fuel expenses. Interest expense fell to $98.4 million from $104.4 million. (Performance Food Group Q1 FY27 release, Nov 4, 2026; Performance Food Group Form 10-Q, Q1 FY27, Nov 4, 2026)

The effective tax rate rose to 25.2% from 23.0%, mainly because of smaller deductible discrete items related to stock-based compensation and lower federal tax credits. Diluted shares were 157.5 million against 156.9 million, and $498.5 million remained under the $500 million repurchase program. The year-ago quarter's other adjustments included $9.9 million of legal and professional fees tied to shareholder activism and the clean team agreement with US Foods Holding Corp. (Performance Food Group Q1 FY27 release, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Performance Food Group gives a net sales and Adjusted EBITDA outlook in its release. For Q2 fiscal 2027 it expects net sales of approximately $17.0 billion to $17.2 billion and Adjusted EBITDA of approximately $490 million to $510 million. It reiterated full-year fiscal 2027 net sales of approximately $72.5 billion to $73.0 billion and Adjusted EBITDA of approximately $2.125 billion to $2.225 billion, a range that includes a 53rd week. (Performance Food Group Q1 FY27 release, Nov 4, 2026)

PFG does not give an EPS outlook, and it does not reconcile its Adjusted EBITDA outlook to net income because it says it cannot estimate items such as debt extinguishment losses, restructuring charges, certain tax items and acquisition fees in advance. (Performance Food Group Q1 FY27 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Performance Food Group, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Performance Food Group's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PFGC is on is PFGC a buy or a sell?, what analysts expect next is on the PFGC forecast, and what the company does is on the Performance Food Group Company (PFGC) stock page.

Every number on this page can be traced to a document Performance Food Group published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.