Core Viewpoint - Sysco Corporation has demonstrated strong financial performance, leading to a notable increase in stock price and positive market outlook, supported by earnings surpassing estimates and a solid return on equity [2][4]. Financial Performance - Sysco reported earnings of $0.99 per share for the quarter, exceeding the consensus estimate of $0.98 [2][4]. - The company achieved revenue of $20.76 billion, slightly below expectations of $20.80 billion, but reflecting a 3% increase compared to the same period last year [2][4]. - Sysco's net margin stood at 2.21%, with a remarkable return on equity of 112.04% [2][4]. Stock Performance - Sysco's stock is currently priced at $83.92, marking a significant increase of 10.96% with a change of $8.29 [3]. - The stock has fluctuated between a low of $77.33 and a high of $83.96 today, with the latter being its highest price over the past year [3]. - The company has a market capitalization of approximately $40.19 billion, and the trading volume today reached 11,002,083 shares [3]. Dividend and Market Outlook - Sysco recently paid a quarterly dividend of $0.54 to stockholders of record as of January 2nd, indicating its commitment to returning value to shareholders [3]. - Barclays has set a price target of $92 for Sysco, suggesting a potential increase of 9.63% from its current trading price [2][4].

Company Overview - Sysco Corporation is a leading entity in the food distribution sector, serving a diverse clientele including restaurants and educational institutions [1] - The company has a strong presence in the U.S. market, positioning it as a formidable competitor against key distributors like US Foods and Performance Food Group [1] Financial Performance - Sysco reported an earnings per share (EPS) of $0.99, surpassing the consensus estimate of $0.98 [2][5] - The company's quarterly revenue was $20.76 billion, slightly below the expected $20.80 billion, but still reflecting a 3% increase compared to the same period last year [2][5] - Sysco achieved a net margin of 2.21% and a return on equity of 112.04% [3] Stock Performance - The stock price reached a new 52-week high of $83.91 following a strong earnings report, with the last trading price at $80.05 [2][3] - Barclays upgraded Sysco's rating to "Overweight" and raised its price target from $88 to $92 [2][5] - The stock has fluctuated between a low of $77.33 and a high of $83.96 over the past year, with a market capitalization of approximately $40.19 billion [4] Future Outlook - Sysco has raised its annual profit forecast to $4.60 per share, indicating confidence in continued strong performance [3][5] - The company’s strong performance in the U.S. market is driven by high demand for its products [3]

Sysco Corporation (NYSE:SYY) reported upbeat second-quarter fiscal 2026 earnings on Tuesday.The company reported second-quarter adjusted earnings per share of 99 cents, beating the analyst consensus estimate of 98 cents. Quarterly sales came in at $20.762 billion, essentially matching the Street view of $20.767 billion and marking a 3.0% year-over-year increase."We delivered our third consecutive quarter of sequentially improving local case growth. More importantly, USFS local case volume is now positive, h ...

Sysco Corporation (NYSE:SYY) reported upbeat second-quarter fiscal 2026 earnings on Tuesday.The company reported second-quarter adjusted earnings per share of 99 cents, beating the analyst consensus estimate of 98 cents. Quarterly sales came in at $20.762 billion, essentially matching the Street view of $20.767 billion and marking a 3.0% year-over-year increase."We delivered our third consecutive quarter of sequentially improving local case growth. More importantly, USFS local case volume is now positive, h ...

Sysco Corporation (NYSE:SYY) reported earnings per share (EPS) of $0.99, surpassing estimates and indicating a 6.5% increase from the previous year.The company's revenue reached $20.76 billion, with robust international market growth and positive local case growth in U.S. Foodservice operations.Sysco raised its fiscal year 2026 earnings outlook, reflecting confidence in its strategic growth initiatives and market position.Sysco Corporation (NYSE:SYY) is a leading player in the foodservice distribution indus ...

Financial Performance - Net earnings for the 13-week period ended December 27, 2025, were $389 million, compared to $406 million for the same period in 2024, representing a decrease of approximately 4.2%[55] - Basic earnings per share for the 13-week period ended December 27, 2025, were $0.81, down from $0.83 in the prior year, reflecting a decline of 2.4%[55] - Comprehensive income for the second quarter of fiscal 2026 was $430 million, significantly higher than $176 million for the same quarter in fiscal 2025, indicating an increase of 143.2%[56] - The total comprehensive income for the first 26 weeks of fiscal 2026 was $876 million, compared to $839 million for the same period in fiscal 2025, showing a growth of 4.4%[56] - Total sales for the 13-week period ended December 27, 2025, reached $20,762 million, an increase from $20,151 million in the same period of 2024, representing a growth of 3.0%[79] - Total segment operating income for the 13-week period ended December 27, 2025, was $964 million, compared to $952 million for the same period in 2024, reflecting a 1.3% increase[79] - Total operating income for the 26-week period ended December 27, 2025, was $1,493 million, a decrease from $1,519 million in the same period of 2024, representing a decline of 1.7%[80] Shareholder Information - The weighted-average diluted shares outstanding for the 13-week period ended December 27, 2025, were 480,662,627, compared to 492,803,849 for the same period in 2024, a decrease of approximately 2.4%[55] - Approximately 3,503,000 securities were excluded from the diluted earnings per share calculation for the second quarter of fiscal 2026 due to anti-dilutive effects[55] - Sysco granted options to purchase 724,780 shares with a weighted average grant-date fair value of $19.53 during the first 26 weeks of fiscal 2026[64] - A total of 456,430 performance share units (PSUs) were granted, with a weighted average grant-date fair value of $86.23[65] - Sysco recognized share-based compensation costs of $64 million for the first 26 weeks of fiscal 2026, compared to $60 million for the same period in fiscal 2025[68] - As of December 27, 2025, there was $188 million of unrecognized compensation cost related to share-based compensation arrangements, expected to be recognized over 2.00 years[68] Income and Expenses - Cost of sales for the 13-week period ended December 27, 2025, was $16,981 million, compared to $16,509 million in 2024, indicating an increase of 2.9%[79] - Interest expense for the 13-week period ended December 27, 2025, was $173 million, compared to $160 million in the same period of 2024, indicating an increase of 8.1%[79] - Global Support Center expenses for the 13-week period ended December 27, 2025, were $272 million, up from $240 million in 2024, reflecting a rise of 13.3%[79] - Earnings before income taxes for the 13-week period ended December 27, 2025, were $510 million, compared to $533 million in the same period of 2024, showing a decrease of 4.3%[79] Comprehensive Income and Adjustments - The foreign currency translation adjustment for the 13-week period ended December 27, 2025, resulted in an income of $53 million, contrasting with a loss of $257 million for the same period in 2024[58] - The total other comprehensive income (loss) for the 13-week period ended December 27, 2025, was $36 million, compared to a loss of $230 million for the same period in 2024[59] - The change in cash flow hedges for the 13-week period ended December 27, 2025, resulted in a loss of $15 million before tax, with a net effect of $11 million[58] - As of December 27, 2025, the total accumulated other comprehensive loss was $1,088 million, a decrease from $1,129 million as of September 27, 2025[61] Taxation and Benefits - The effective tax rate for the first 26 weeks of fiscal 2026 was 22.1%, higher than the statutory rate of 21.0% due to state income taxes and other factors[69] - Sysco purchased approximately $200 million of Transferable Tax Credits to apply against fiscal 2026 federal income taxes[73] - The gross amount of unrecognized tax benefits as of December 27, 2025, was $68 million, with related accrued interest of $19 million[71] - The balance of pension and other postretirement benefits as of December 27, 2025, was $(132) million[62] - The balance of marketable securities as of December 27, 2025, was $(903) million[62] Capital and Assets - Capital expenditures for the 26-week period ended December 27, 2025, totaled $300 million, down from $333 million in 2024, reflecting a decrease of 9.9%[81] - Total assets as of December 27, 2025, amounted to $27,181 million, an increase from $26,774 million as of June 28, 2025, representing a growth of 1.5%[82]

Investors applauded the foodservice leader's efforts to mitigate inflation.Shares of Sysco (SYY +10.96%) popped on Tuesday after the food distributor said its full-year profits would come in near the top of its forecast.By the close of trading, Sysco's stock price was up more than 10%. Solid performance in a challenging economic environmentSysco's sales rose 3% year over year to $20.8 billion in the quarter ended Dec. 27. The food giant's gross profit, in turn, grew 3.9% to $3.8 billion, as its gross margin ...

Welcome back to Market on Close. I'm Sam Bartis on the floor of the New York Stock Exchange. So shares of Cisco, that's the food and beverage supplier having its best day in over 5 years after a strong earnings report and that is the focus of today's overlooked stock.So I'm joined by George Ser, senior markets correspondent. Talk us through what we heard from this company and you know obviously the reaction we're seeing today off the back of this report card. George.Yeah, I mean if you think about what's go ...

Gross profit totaled $3.8 billion, up 3.9%, while gross margin increased to 18.3%. Adjusted operating expenses were $3 billion, or 14.4% of sales, a 15-basis-point increase from the prior year. Cheung said the increase reflected planned investments (fleet, building expansion, and sales headcount) and the lapping of $16 million in incentive compensation from the year-ago quarter, which he said negatively impacted adjusted operating expenses by about 60 basis points and adjusted EPS growth by about 270 basis ...

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