Benzinga | Jun 22, 2021 11:29AM EDT

Performance Food Raises Q4 Sales Outlook

* Performance Food Group Co (NYSE:PFGC) has raised fourth-quarter FY 2021 sales guidance, expecting net sales to be at least $8.8 billion versus the prior expectation of at least $8.2 billion.

* The consensus analyst estimate for sales is $8.22 billion.

* Adjusted EBITDA is expected to be ~$190 million compared to the previous projection of ~ $185 million.

* Performance Food expects the adverse impact of COVID-19 to continue and affect their business.

* Price action: PFGC shares are trading lower by 2.99% at $47.37 on the last check Tuesday.