2024-02-07 15:52:02 ET
Performance Food Group Company (PFGC)
Q2 2024 Earnings Conference Call
February 07, 2024 09:00 AM ET
Company Participants
William S. Marshall - Vice President, Investor Relations
George Holm - Chairman and Chief Executive Officer
Patrick Hatcher - Executive Vice President and Chief Financial Officer
Conference Call Participants
Jake Bartlett - Truist Securities
Mark Carden - UBS
Edward Kelly - Wells Fargo
Kelly Bania - BMO Capital Markets
Alex Slagle - Jefferies
Brian Harbour - Morgan Stanley
Joshua Long - Stephens
Jeffrey Bernstein - Barclays
Lauren Silberman - Deutsche Bank
Andrew Wolf - CL King
Peter Saleh - BTIG
John Heinbockel - Guggenheim Securities
Presentation
Operator
Good day, and welcome to PFG's Fiscal Year Q2 2024 Earnings Conference Call. [Operator Instructions]
I would now like to turn the call over to Bill Marshall, Vice President, Investor Relations for PFG. Please go ahead.
William S. Marshall
Thank you, and good morning. We're here with George Holm, PFG's CEO; and Patrick Hatcher, PFG's CFO. We issued a press release this morning regarding our 2024 fiscal second quarter results, which can be found in the Investor Relations section of our website at pfgc.com.
During our call today, unless otherwise stated, we are comparing results to the results in the same period in Fiscal 2023. The results discussed on this call will include GAAP and non-GAAP results adjusted for certain items. The reconciliation of these non-GAAP measures to the corresponding GAAP measures can be found in the back of the earnings release.
As a reminder, in the fiscal first quarter of 2023, we updated our segment reporting metrics to adjusted EBITDA from the prior EBITDA metric. Our remarks on this call and in the earnings release contain forward-looking statements and projections of future results. Please review the cautionary forward-looking statements section in today's earnings and our SEC filings for various factors that could cause our actual results to differ materially from our forward-looking statements and projections.
Now, I'd like to turn the call over to George.
George Holm
Thanks, Bill. Good morning, everyone, and thank you for joining our call today. I'm excited to share our fiscal second quarter 2024 results with you today, which were strong and accelerated into the close of the calendar year. Building on a strong start to our fiscal year, second quarter results came in at the high-end of the expectations we announced three months ago. Once again, we saw broad strength across our business units with strong momentum in our high margin focus areas.
This morning, I will review our business performance and discuss some recent trends we have seen in the market. Patrick, will review our financial performance and outlook for the remainder of the fiscal year. Then we look forward to taking your questions.
Last quarter, we discussed our strategic focus on being a leader in the food-away-from-home industry with broad exposure to a variety of channels and products. We believe that our position in the market produces consistent growth across our top and bottom lines and provides resiliency during different economic conditions. The second quarter was an excellent example of this with each of our business segments contributing to our performance....
Read the full article on Seeking Alpha
For further details see:
Performance Food Group Company (PFGC) Q2 2024 Earnings Call Transcript