Filing Flows › Performance Food Group (PFGC) › Q1 FY26
Performance Food Group (PFGC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 5, 2025
Performance Food Group (PFGC) reported revenue of $17.1B for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and +0.8% from the quarter before. Operating margin was 1.3%, net earnings $93.6M (0.5% of revenue).
Performance Food Group, Q1 FY26: revenue $17.1B (+11% year over year), operating margin 1.3%, net earnings $93.6M, operating cash flow −$145M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.1B | +0.8% | +11% |
| Gross profit | $2.0B | +0.7% | +14% |
| Operating profit | $225M | -16% | +4% |
| Net earnings | $93.6M | -29% | -13% |
| Operating cash flow | −$145M | -138% | — |
What changed
Revenue was $17.1B in Q1 FY26, up 11% year over year and up 1% from the previous quarter. Foodservice was the largest line at 54% of revenue. Foodservice added $1.4B year over year (up 19%), 87% of the total change. Specialty declined 1%.
Gross margin was 11.8%, up 0.4 points from a year earlier. Operating profit was $0.22B, a 1.3% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 1% margin then. Operating expenses grew 16% against revenue growth of 11%. Net earnings were $0.09B, down 13% year over year. The effective tax rate was 23.0%.
Operating cash flow was −$0.15B. Non-cash charges added back $0.20B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.45B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$0.22B.
Questions
What was Performance Food Group's revenue in the first quarter fiscal 2026?
Performance Food Group (PFGC) reported revenue of $17.1B for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and +0.8% from the quarter before.
Was Performance Food Group profitable in the first quarter fiscal 2026?
Operating profit was $225M (1.3% of revenue) and net earnings $93.6M.