Performance Food Group Co

PFGC: XNYS (USA)
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Performance Food Earnings: Prudent Investment Buoys Account Wins, Eases Margin Fears; Shares Rich

Performance Food Group's first quarter featured 5.5% sales growth, including 5.5% organic high-margin independent case volume growth in its foodservice segment. This helped expand PFG's adjusted EBITDA margin by 10 basis points to 2.9%, despite angst from fuel costs and moderating food inflation.

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