Financial Data and Key Metrics Changes - Sysco reported sales of $19.6 billion, an increase of 1.1% on a reported basis and 1.8% excluding the divestiture of Mexico [9][34] - Adjusted operating income was $773 million, down 3.3% year-over-year, while adjusted EPS remained flat at $0.96 [9][34] - Gross profit was $3.6 billion, down 0.8%, with a gross margin of 18.3% [37][41] Business Line Data and Key Metrics Changes - The USFS national sales business experienced flat volume growth and 2.3% sales growth, both below expectations [11] - Local business volume declined by 3.5%, a step down from Q2 performance [11] - The Sigma segment achieved 9.5% sales growth, driven by strong customer wins [12] Market Data and Key Metrics Changes - Foot traffic to restaurants decreased by 3.1% overall, with January down 1.3%, February down 5.7%, and March down 2.3% [5] - The International segment posted double-digit profit growth for the sixth consecutive quarter, with local volume increasing by 4.5% [22][36] Company Strategy and Development Direction - Sysco is focused on improving local business performance through hiring and retention of sales consultants, with a target of 4% growth in headcount by the end of Q4 [56][64] - The company is expanding fulfillment capacity with new facilities in key markets, including a new distribution center in Tampa [19][31] - A pilot program for cash and carry stores, called Sysco To Go, is being introduced to capture the growing market segment [29][31] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with Q3 performance due to adverse weather and declining consumer confidence, but noted stronger performance in April compared to March [7][9] - The company is cautiously optimistic about Q4, expecting improved volume performance and continued momentum from cost-saving initiatives [46][51] - Management highlighted the importance of maintaining a strong balance sheet to navigate uncertain macroeconomic conditions [28][42] Other Important Information - Sysco's tariff management task force is actively working to mitigate the impact of tariffs on costs and supply chain [25][27] - The company has repurchased $700 million in shares and paid out $752 million in dividends year-to-date, with a 6% increase in the quarterly cash dividend [33][34] Q&A Session Summary Question: Local business sales headcount investments and their impact - Sysco expects to end the year with approximately 4% growth in sales consultant headcount, with strong performance from new hiring cohorts [56][58] Question: Local restaurant industry performance compared to national - National restaurants faced a tough quarter, with local performance consistent with industry trends, but certain sectors like food service management remained stable [68][70] Question: Clarification on local case growth and EPS guidance - Sysco's local case growth was consistent with market performance, and the company is confident in its guidance despite recent challenges [79][81]

https://files.reportify.cc/media/production/SYY1da7c26fb2e62f4a9cc2d2a74616c560.jpg SYSCO REPORTS THIRD QUARTER FISCAL YEAR 2025 RESULTS HOUSTON, April 29, 2025 - Sysco Corporation (NYSE: SYY) ("Sysco" or the "company") today announced financial results for its 13-week third fiscal quarter ended March 29, 2025. Key financial results for the third quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): "Sysco's Q3 results were negatively impacted by multipl ...

HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) ("Sysco" or the "company") today announced financial results for its 13-week third fiscal quarter ended March 29, 2025. Key financial results for the third quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): "Sysco's Q3 results were negatively impacted by multiple factors: California wildfires, significantly adverse weather, and more recently, weakening consumer confidence. Each ...

HOUSTON, April 24, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors has approved a $0.03 increase in the quarterly cash dividend to $0.54 per share from the current $0.51 per share. The new dividend is payable for the first time on July 25, 2025, to common stockholders of record at the close of business on July 3, 2025. "The Board's decision to increase the dividend by 6% reflects Sysco's continued commitment to maintaining a healthy dividend payout ratio of ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Sysco (SYY) reports results for the quarter ended March 2025. 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 April 29, 2025, might help the stock move higher if these key numbers are better than expectations ...

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 ...

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]

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 ...

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]

Group 1 - Sysco Corporation's stock experienced a rally of over 3% recently, driven by technical factors rather than specific news [1] - The technical analysis team has identified Sysco as the Stock of the Day, indicating potential for continued upward movement [1][6] - The stock reversed off a support level around $70.00, which has historically been a strong support point [3] Group 2 - Long-term challenges for Sysco include concerns over tariffs and inflation, which have led to a significant drop in consumer confidence [2] - The consumer confidence index has fallen to a four-year low, with future expectations at their lowest in 12 years, potentially impacting Sysco's food service business [2] - Dining out is often one of the first expenses consumers cut during tough economic times, which could affect Sysco's main customer base of restaurants [2]