Performance Food boost FY18 adjusted EPS view to $1.54-$1.61, consensus $1.58
For fiscal 2018, PFG reaffirms its Adjusted EBITDA growth to be in a range of 8% to 11% higher than its fiscal 2017 Adjusted EBITDA of $390.7 million. The company continues to expect second-half Adjusted EBITDA growth to be in the high single digits. The Company also continues to expect to be at the higher end of the full-year Adjusted EBITDA range. Based on the company's strong first-half results and the U.S. tax reform changes, PFG increases its Adjusted Diluted EPS outlook representing growth in a range of 24% to 30% to $1.54 to $1.61 over its fiscal 2017 Adjusted Diluted EPS of $1.24. This compares to the company's prior Adjusted Diluted EPS growth of 13% to 18%.