Richmond, Virginia-based food company Performance Food Group has projected net EPS of US$1.34 to $1.42 for the 2007 fiscal year and net EPS of $0.17 to $0.20 for the first quarter of 2007, driven by solid sales and earnings growth expected to fall in the upper single digits.
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“Our business outlook in 2007 is for solid sales and earnings growth, significantly ahead of anticipated industry growth,” commented Steve Spinner, president and CEO.
“We expect to begin a return to our long term objectives of sales and earnings growth in 2007 as we continue to expand sales to higher margin street customers in our broadline segment and utilise available capacity in our customised segment with the addition of anticipated new business. We remain focused on driving efficiency through operational excellence and aggressively managing our overall expense leverage.”
