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Sysco (SYY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-04-22 15:06
Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 0.66% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Earnings Whisper Wall Street expects a year-over-year increase in earnings on higher reven ...
Sysco to Report Q3 Earnings: What Should Investors Expect?
ZACKS· 2025-04-22 14:15
Sysco Corporation (SYY) is likely to register top and bottom-line growth when it reports third-quarter fiscal 2025 earnings on April 29. The Zacks Consensus Estimate for net sales is pegged at almost $20 billion, suggesting an increase of 3% from the prior-year quarter’s actual. The consensus mark for fiscal third-quarter earnings has moved down by 1 cent in the past 30 days to $1.03 per share, indicating growth of 7.3% from the year-ago quarter’s reported figure. SYY has a negative trailing four-quarter ea ...
Sysco partners with The MICHELIN Guide for the 2025 Florida MICHELIN Guide Ceremony
Newsfilter· 2025-04-14 18:00
Group 1 - Sysco Corporation has announced a partnership with the MICHELIN Guide, becoming the official wholesale food distributor for the prestigious culinary event [1][2] - The collaboration will be celebrated at the 2025 MICHELIN Guide Florida Ceremony in Orlando on April 17, showcasing Sysco's high-quality products and culinary expertise [2][3] - Sysco aims to support chefs with top-quality ingredients and resources, enhancing the dining experience in Florida's dynamic restaurant scene [3][4] Group 2 - Sysco is the global leader in food distribution, operating 340 distribution centers across over 10 countries and serving approximately 730,000 customer locations [6][7] - The company generated sales exceeding $78 billion in fiscal year 2024, indicating its significant market presence and operational scale [6] - Sysco offers customized supply chain solutions and culinary support, helping customers innovate and optimize their operations in the food service industry [7]
Sysco to Announce Third Quarter Fiscal Year 2025 Financial Results on April 29
Newsfilter· 2025-04-08 12:00
HOUSTON, April 08, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its third quarter fiscal year 2025 financial results at 10 a.m. EDT on Tuesday, April 29, 2025. All interested parties are invited to listen online at investors.sysco.com. Prior to the conference call and webcast, the company will also issue a news release and post a slide presentation in the investor relations section of its website. A replay of the webcast will be available online sh ...
Sysco Stock Trades at a Discount: Time to Hold or Cash Out?
ZACKS· 2025-03-28 17:45
Core Insights - Sysco Corporation (SYY) is currently trading at a discount compared to its historical and industry benchmarks, with a forward 12-month price-to-earnings ratio of 15.29, below its median level of 16.04 and the industry's average of 16.22, indicating potential undervaluation and an attractive opportunity for investors [1] - The company's Value Score of B suggests potential for long-term growth [1] Stock Performance - SYY shares have declined by 3% over the past three months, while the industry and S&P 500 index saw declines of 0.4% and 3.7%, respectively [4] - Currently trading at $74.04, SYY is 10% below its 52-week high of $82.23, presenting a compelling opportunity for value-focused investors [4] Strategic Initiatives - Sysco is enhancing efficiency through supply-chain optimization and cost-containment efforts, including a performance-based sales compensation model introduced on July 1, 2024, aimed at driving sales growth and new customer acquisitions [6] - The company is prioritizing innovation and tailored solutions for its diverse customer base, which supports long-term growth and profitability [7] Financial Performance - In the second quarter of fiscal 2025, U.S. Foodservice operations experienced a 4.1% sales increase, with total case volumes rising by 1.4%, while the International Foodservice segment posted a 3.6% sales increase [7] - Sysco's strategic acquisitions in Ireland and Great Britain have strengthened its specialty capabilities in produce and protein, enhancing its distribution network and customer reach [8] Challenges - Sysco faces inflationary pressures, with product cost inflation rising by 2.1% in the second quarter of fiscal 2025, driven by higher dairy and poultry prices [9] - A notable decline in restaurant traffic, which dropped by 2% in the fiscal second quarter, has affected local case volume within U.S. Foodservice, decreasing by 0.9% year over year [10]
Stock Of The Day – Will The Move Higher In Sysco Continue?
Benzinga· 2025-03-27 15:10
Trading in Sysco Corporation SYY is quiet on Thursday. This comes after yesterday's rally of more than 3%. There was no specific news related to the company. The price action was driven by technicals.There is a good chance that the rally soon gets back in gear. This is why our technical analysis team has made it our Stock of the Day.In the long term, Sysco may be facing some headwinds. Concerns over tariffs and inflation have caused consumer confidence to drop significantly. The consumer confidence index fe ...
Sysco: Buy This Growing Dividend King
Seeking Alpha· 2025-03-03 11:58
Core Insights - Sysco's recent Fiscal Q2 2025 earnings results will be analyzed alongside its historical fundamentals using the 9 Pillar Analysis [1] - The analysis will also cover Sysco's market position and potential investment opportunities based on its valuation [1] Financial Performance - The focus will be on Sysco's earnings results for Fiscal Q2 2025, highlighting key financial metrics and performance indicators [1] - Historical fundamentals will be evaluated to assess the company's long-term growth potential [1] Investment Perspective - The analysis is geared towards identifying undervalued companies with significant upside potential, particularly for long-term dividend investors [1] - The intention is to provide insights that could lead to investment opportunities in Sysco's shares [1]
Sysco Names Jennifer Kaplan Schott Executive Vice President, Chief Legal Officer
GlobeNewswire· 2025-02-25 22:30
HOUSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation, the leading global foodservice distribution company, has appointed Jennifer Kaplan Schott to the position of Executive Vice President, Chief Legal Officer, effective April 1, 2025. “I’m delighted to welcome Jennifer to our executive leadership team,” said Kevin Hourican, Chair of the Board and Chief Executive Officer, Sysco. “Jennifer’s extensive experience across multiple fields of law, and in complex multinational businesses, make her the ideal ...
Sysco Halts All Purchases from Fort Wayne, Ind. Facility that Supplied Frozen Shakes Linked to Listeria Outbreak and Recalls Related Products
GlobeNewswire· 2025-02-22 03:05
Core Points - Sysco Corporation has recalled frozen supplemental shakes due to a Listeria monocytogenes outbreak and has halted purchases of other products supplied by Lyons Magnus from a specific facility [1][2] - The company is actively removing recalled items from its inventory and notifying affected customers while cooperating with relevant agencies [2] - Sysco emphasizes its commitment to food safety and quality assurance, stating that it continuously works with suppliers to meet rigorous safety standards [3][4] Company Overview - Sysco is a leading global foodservice distribution company, generating over $78 billion in sales for the fiscal year 2024, which ended on June 29, 2024 [5] - The company operates 340 distribution centers across more than 10 countries, serving approximately 730,000 customer locations with a workforce of 76,000 employees [5] - Sysco provides customized supply chain solutions and culinary support to help customers innovate and optimize their operations [6]
Sysco to Webcast Presentation at the CAGNY 2025 Conference
GlobeNewswire· 2025-02-03 13:00
HOUSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation at the CAGNY 2025 Conference on Tuesday, Feb. 18, 2025, at 3:00 p.m. EST. The live webcast for the event can be accessed at investors.sysco.com. An archived replay of the webcast will be available shortly after the live event is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations section of its website, fo ...