Performance Food Group's stock experienced a significant pre-market plunge of 8.44% on Wednesday, following the release of its fiscal second-quarter financial results.

The sharp decline came after the company reported adjusted earnings per share of $0.98 for the quarter, which was unchanged from the same period last year but fell short of the analyst consensus estimate of $1.09. Net sales for the quarter reached $16.44 billion, representing a 5.2% year-over-year increase, yet this figure also slightly missed analyst expectations of $16.52 billion. Furthermore, the company's adjusted EBITDA of $451.2 million came in below the estimated $464.5 million.

Adding to investor concerns, Performance Food Group revised its full-year fiscal 2026 net sales guidance downward to a range of $67.25 billion to $68.25 billion, from its previous outlook of $67.5 billion to $68.5 billion. The combination of these earnings and sales misses, coupled with the reduced annual sales forecast, drove the stock's downward movement in pre-market trading.