SYSCO REPORTS SECOND QUARTER FISCAL YEAR 2025 RESULTS HOUSTON, January 28, 2025 - Sysco Corporation (NYSE: SYY) ("Sysco" or the "company") today announced financial results for its 13-week second fiscal quarter ended December 28, 2024. Key financial results for the second quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): "Sysco delivered another quarter of disciplined financial performance fueled by top and bottom line growth that was consistent with ...

HOUSTON, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) (“Sysco” or the “company”) today announced financial results for its 13-week second fiscal quarter ended December 28, 2024. Key financial results for the second quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 4.5%; U.S. Foodservice volume increased 1.4%;Gross profit increased 3.9% to $3.7 billion;Operating income increased 1.7% to $712 million, and adjusted ope ...

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Sysco Corporation (SYY) is likely to register top-and bottom-line growth when it reports second-quarter fiscal 2025 earnings on Jan. 28. The Zacks Consensus Estimate for net sales is pegged at $20.1 billion, suggesting an increase of 4.2% from the prior-year quarter. The consensus mark for fiscal second-quarter earnings has remained unchanged in the past 30 days at 93 cents per share, indicating growth of 4.5% from the figure reported in the year-ago quarter. SYY has a negative trailing four-quarter earning ...

Core Viewpoint - Analysts expect Sysco (SYY) to report quarterly earnings of $0.93 per share, reflecting a year-over-year increase of 4.5%, with revenues projected at $20.11 billion, up 4.3% from the previous year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has remained unchanged over the past 30 days, indicating analysts have not revised their projections [1] - Analysts predict 'Sales- Other' to be $283.80 million, a change of +0.2% year-over-year [4] - 'Sales- SYGMA' is expected to reach $2.03 billion, indicating a +5.8% change from the prior year [4] - 'Revenue- International Foodservice Operations' is forecasted at $3.64 billion, suggesting a +1.1% year-over-year change [4] - 'Revenue- U.S. Foodservice Operations' is projected to be $14.12 billion, reflecting a +4.7% increase from the previous year [5] Group 2: Profit Estimates - 'SYGMA- Gross Profit' is expected to be $157.85 million, up from $148.51 million year-over-year [5] - 'Gross Profit- Other' is projected at $73.22 million, compared to $73.01 million in the same quarter last year [5] - 'Operating income (GAAP)- SYGMA' is estimated at $19.48 million, an increase from $16.35 million year-over-year [6] - 'Operating income (GAAP)- Other' is expected to reach $8.88 million, compared to $8.39 million in the same quarter last year [6] Group 3: Gross Profit and Operating Income - The consensus for 'Gross Profit- U.S. Foodservice Operations' stands at $2.66 billion, compared to $2.58 billion in the previous year [7] - 'Gross Profit- International Foodservice Operations' is expected to be $731.87 million, up from $708.10 million year-over-year [7] - 'Operating income adjusted for Certain Items (Non-GAAP)- U.S. Foodservice Operations' is projected at $852.63 million, slightly up from $851.13 million year-over-year [8] - 'Operating income adjusted for certain items (Non-GAAP)- International Foodservice Operations' is estimated at $128.44 million, compared to $102.38 million in the same quarter last year [8] Group 4: Stock Performance - Sysco shares have shown a return of -5.3% over the past month, contrasting with the Zacks S&P 500 composite's +2.7% change [10] - Sysco holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the overall market in the near future [10]

Wall Street expects a year-over-year increase in earnings on higher revenues when Sysco (SYY) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 28, 2025, might help the stock move higher if these key numbers are better than expecta ...

Company Announcement - Happy Belly Food Group Inc has secured a national food distribution agreement with Sysco, allowing all brands in its portfolio to participate in the program [1] - The partnership with Sysco enables Happy Belly to benefit from Sysco's buying power, distribution network, and cost-saving benefits, enhancing operational efficiency and revenue growth [2][3] - The agreement provides consistent access to high-quality products at competitive prices, reduces food costs, streamlines inventory management, and minimizes stock shortages through Sysco's reliable supply chain [3] About Sysco - Sysco is the global leader in selling, marketing, and distributing food and related products to customers who prepare meals away from home, including restaurants, healthcare facilities, and entertainment venues [5] - Sysco operates over 340 distribution centers in more than 10 countries, with 76,000 colleagues serving approximately 730,000 customer locations [5] - The company generated sales of more than $78 billion in fiscal year 2024 [5] About Happy Belly Food Group - Happy Belly Food Group Inc is a leading consolidator of emerging food brands [6]

HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Today, Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, called on the International Brotherhood of Teamsters (IBT) to stop threatening strikes at its companies in multiple states and to start serious negotiations so Houston colleagues can enjoy the unprecedented wage increases we have offered. Sysco has been negotiating in good faith for several months with the goal of reaching an agreement by contract expiration on January 17. Sys ...

Core Viewpoint - Sysco Corporation is urging the International Brotherhood of Teamsters to engage in serious negotiations to avoid strikes that could negatively impact employees and the community [1][2]. Group 1: Negotiation Status - Sysco has been negotiating in good faith for several months, aiming to reach an agreement before the contract expiration on January 17 [2]. - The company emphasizes its commitment to providing generous wage increases and improved benefits while balancing business needs [2]. Group 2: Wage and Benefits Offer - Sysco's proposal includes an 8.5% wage increase for warehouse employees and over 9% for delivery partners in the first year, with a total wage increase of 20% over the contract's duration [3]. - Additional benefits in the offer include extra vacation time, double pay for hours worked over 60, and reduced healthcare costs [3]. Group 3: Company Commitment - Sysco aims to provide competitive wages, a supportive work environment, and opportunities for growth and development for its employees [4]. - The company is committed to an outcome that ensures long-term success for employees, the company, and customers [5]. Group 4: Allegations Against Teamsters - Sysco claims that the Teamsters' allegations are false and misleading, stating that their actions harm employees, families, and community partners [2][5]. - The company accuses the Teamsters of prioritizing their interests over the well-being of local members and the community [5]. Group 5: Company Overview - Sysco is a leading global foodservice distribution company, operating 340 distribution facilities worldwide and serving approximately 730,000 customer locations [6]. - For fiscal year 2024, Sysco generated sales exceeding $78 billion [6].

Sysco Corporation’s (SYY) shares have seen a 2.5% rise over the past six months, outperforming the industry’s 7.8% decline. The company continues to benefit from the growing food-away-from-home sector, driving its success. With a focus on supply chain efficiency and cost containment, Sysco navigated challenges like soft restaurant traffic and shifting consumer preferences in the first quarter of fiscal 2025. Despite increased competition, its Recipe for Growth strategy and strategic acquisitions are key gro ...