US food-service distributor Performance Food Group has posted a rise in quarterly profit, helped by acquisitions.
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The Richmond, Virginia-based company reported second-quarter profit of US$23.9m, or 49 cents a share, compared with $22.3m, or 47 cents a share, in the year-ago period.
Analysts polled by Reuters Research had been expecting, on average, 49 cents a share.
Performance Food’s sales increased 28% to $1.37bn.
The company recently lowered its second-quarter profit outlook due to higher lettuce prices caused by fastfood companies adding salads to their menus.
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