Performance Food Group nets solid gains

Performance Food Group announced results for the third quarter and nine months ended Oct 1, 2005.

Consolidated net sales from continuing operations in the third quarter rose to about $1.4 billion, a 7.3% increase compared with the prior-year period. Net earnings from continuing operations amounted to about $11.9 million versus approximately $10.8 million in the year-earlier period.

For the first nine months of 2005, consolidated net sales from continuing operations were about $4.3 billion, up 12.0% from roughly $3.8 billion in the same period a year ago. Net earnings from continuing operations in the same period increased 27.1% to about $28.8 million, compared with approximately $22.7 million in the prior-year period.