Filing Flows › Performance Food Group (PFGC) › Q1 FY27
Performance Food Group (PFGC) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 4, 2026
Performance Food Group (PFGC) reported revenue of $18.0B for the first quarter fiscal 2027 (Q1 FY27), +6% from a year earlier and -0.1% from the quarter before. Operating margin was 1.5%, net earnings $130M (0.7% of revenue).
Performance Food Group, Q1 FY27: revenue $18.0B (+6% year over year), operating margin 1.5%, net earnings $130M, operating cash flow −$89.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.0B | -0.1% | +6% |
| Gross profit | $2.2B | +0.9% | +8% |
| Operating profit | $272M | -16% | +21% |
| Net earnings | $130M | -20% | +38% |
| Operating cash flow | −$89.3M | -126% | — |
What changed
Revenue was $18.0B in Q1 FY27, up 6% year over year and roughly flat from the previous quarter. Foodservice was the largest line at 53% of revenue. Foodservice added $0.46B year over year (up 5%), 49% of the total change.
Gross margin was 12.1%, up 0.3 points from Q1 FY26. Operating profit was $0.27B, a 1.5% margin (up 0.2 points year over year). Of the extra revenue versus Q1 FY26, 5% reached operating profit, above the 1% margin then. Operating expenses grew 7% against revenue growth of 6%. Net earnings were $0.13B, up 38% year over year. The effective tax rate was 25.2%.
Operating cash flow was −$0.09B. Non-cash charges added back $0.21B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.44B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.14B.
Questions
What was Performance Food Group's revenue in the first quarter fiscal 2027?
Performance Food Group (PFGC) reported revenue of $18.0B for the first quarter fiscal 2027 (Q1 FY27), +6% from a year earlier and -0.1% from the quarter before.
Was Performance Food Group profitable in the first quarter fiscal 2027?
Operating profit was $272M (1.5% of revenue) and net earnings $130M.