Filing Flows › Performance Food Group (PFGC) › Q3 FY25
Performance Food Group (PFGC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 7, 2025
Performance Food Group (PFGC) reported revenue of $15.3B for the third quarter fiscal 2025 (Q3 FY25), +10% from a year earlier and -2% from the quarter before. Operating margin was 1.1%, net earnings $58.3M (0.4% of revenue).
Performance Food Group, Q3 FY25: revenue $15.3B (+10% year over year), operating margin 1.1%, net earnings $58.3M, operating cash flow $448M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.3B | -2% | +10% |
| Gross profit | $1.8B | -0.3% | +16% |
| Operating profit | $174M | +10% | +13% |
| Net earnings | $58.3M | +38% | -17% |
| Operating cash flow | $448M | +38% | +11% |
| Free cash flow | $319M | +46% | +5% |
What changed
Revenue was $15.3B in Q3 FY25, up 10% year over year and down 2% from the previous quarter. Foodservice was the largest line at 55% of revenue. Foodservice added $1.4B year over year (up 19%), 94% of the total change. Corporate and Other declined 5%.
Gross margin was 11.9%, up 0.6 points from a year earlier. Operating profit was $0.17B, a 1.1% margin (unchanged year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, above the 1% margin then. Operating expenses grew 17% against revenue growth of 10%. Net earnings were $0.06B, down 17% year over year. The effective tax rate was 25.7%.
Operating cash flow was $0.45B (up 11% year over year), 769% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.19B. Capital expenditures of $0.13B left free cash flow of $0.32B.
Questions
What was Performance Food Group's revenue in the third quarter fiscal 2025?
Performance Food Group (PFGC) reported revenue of $15.3B for the third quarter fiscal 2025 (Q3 FY25), +10% from a year earlier and -2% from the quarter before.
Was Performance Food Group profitable in the third quarter fiscal 2025?
Operating profit was $174M (1.1% of revenue) and net earnings $58.3M.