Principal Financial Group 3Q 2026: Revenue $4.62B, EPS $2.91— 10-Q Summary

Performance Food Group reported Q1 2027 earnings, highlighting 5.5% organic growth in independent restaurant cases and 33 basis points of gross margin expansion. The Convenience segment saw 11% volume growth, while the Specialty segment grew double-digits despite margin pressures. The company expects procurement savings of $125 million by fiscal 2028 and a profit rebound in the Specialty segment in the second half of 2027.

PFG (PFGC) reported Q1 2027 earnings, highlighting gross margin improvement of 33 basis points. The company attributed this to procurement initiatives, brand penetration, and inventory management. PFG's Foodservice segment saw 7.8% total growth, with Performance Brands accounting for 51% of cases sold. The Convenience segment grew 5.4%, driven by new account wins and branded programs. The Specialty segment reported double-digit revenue growth, led by vending and office coffee sales.

Wells Fargo reduced its price target for Principal Financial Group (PFG) to $109 from $112, citing lower earnings estimates for 2026 and 2027. The firm maintained its 2028 EPS estimate at $10.90. PFG's Q3 2026 earnings missed expectations, with adjusted EPS of $2.22 vs. $2.45 estimate, and revenue of $4.27B vs. $4.30B estimate. The company attributed the shortfall to lower variable investment income.

Principal Financial Group reported Q3 earnings with recurring retirement deposits up 8% to $13B and record client retention. Net cash flow was negative $11B due to active equity outflows, but private markets and ETFs saw positive flows. The company completed the Beam Benefits acquisition and sold its Chile annuity business, focusing on long-term growth.

Principal Financial (PFG) reported Q3 2026 adjusted non-GAAP pre-tax operating earnings up 3% on 4% net revenue growth. Key drivers included higher revenue, disciplined expense management, and growth in international pension. Year-to-date pre-tax operating earnings rose 10% with 5% net revenue growth and 120 basis points of margin expansion. The company returned $430 million in capital to shareholders in Q3, bringing the year-to-date total to over $1.2 billion.

Principal Financial Group (PFG) reported Q3 2026 earnings of $2.22 per share, missing estimates of $2.45 due to lower variable investment income. Despite this, the company showed strong fundamentals with 12% year-to-date adjusted EPS growth and a 16.6% return on equity. Shares traded at $110.24 post-report. The company highlighted progress in retirement services, SMB segment, and global asset management, with strong capital position and shareholder returns.