Core Viewpoint - Sysco Corporation reported strong second-quarter fiscal 2026 results, with adjusted earnings per share exceeding analyst expectations, leading to a rise in stock price [1][6]. Quarterly Metrics - Quarterly sales reached $20.762 billion, reflecting a 3.0% year-over-year increase and closely aligning with analyst expectations of $20.767 billion [2]. - U.S. Foodservice volume increased by 0.8%, while U.S. local volumes grew by 1.2% [2]. - Operating income decreased by 2.8% to $692 million, while adjusted operating income increased by 3.1% to $807 million [3]. - EBITDA fell by 0.9% to $923 million, whereas adjusted EBITDA rose by 3.3% to $1.0 billion [3]. - The company reported a cash balance of $1.2 billion and total liquidity of $2.9 billion at the end of the quarter [4]. Outlook - Sysco expects fiscal 2026 adjusted EPS growth to be at the high end of the previously provided guidance range of $4.50-$4.60, aligning with long-term financial targets [5]. - The company anticipates adjusted EPS growth at the high end of its 5% to 7% long-term target, excluding a $100 million headwind from lower incentive compensation in fiscal 2025 [6]. - Sysco shares increased by 7.36% to $81.20 following the earnings report [6].

Sysco (NYSE:SYY) Q2 2026 Earnings call January 27, 2026 10:00 AM ET Company ParticipantsJohn Heinbockel - Managing DirectorKenny Cheung - CFOKevin Hourican - Chair of the Board and CEOKevin Kim - VP of Investor RelationsLauren Silberman - DirectorMark Carden - Director of Equity ResearchConference Call ParticipantsAlexander Slagle - AnalystDanilo Gargiulo - Senior Research AnalystJake Bartlett - Senior Equity Research AnalystJeffrey Bernstein - Equity Research AnalystJohn Ivankoe - Managing Director and Equ ...

Sysco (NYSE:SYY) Q2 2026 Earnings call January 27, 2026 10:00 AM ET Company ParticipantsJohn Heinbockel - Managing DirectorKenny Cheung - CFOKevin Hourican - Chair of the Board and CEOKevin Kim - VP of Investor RelationsLauren Silberman - DirectorMark Carden - Director of Equity ResearchConference Call ParticipantsAlexander Slagle - AnalystDanilo Gargiulo - Senior Research AnalystJake Bartlett - Senior Equity Research AnalystJeffrey Bernstein - Equity Research AnalystJohn Ivankoe - Managing Director and Equ ...

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Financial Data and Key Metrics Changes - Sysco reported nearly $21 billion in total revenue for Q2, reflecting a growth rate of 3% year-over-year [5] - Adjusted EPS is expected to be at the high end of the previously provided guidance range of $4.50-$4.60, with a growth of 6.5% in Q2 [4][20] - Free cash flow grew by 25% year-to-date, indicating strong quality of earnings [20] Business Line Data and Key Metrics Changes - USFS local case volume increased by 1.2% in Q2, an improvement of 140 basis points compared to Q1 [5][6] - National contract business generated volume growth of 0.4%, with strong growth in food service management and healthcare, but softness in the national restaurant segment [7][8] - International segment sales grew by 7.3%, with local case growth of 4.5%, contributing to nearly 26% growth in adjusted operating income [10][24] Market Data and Key Metrics Changes - The overall restaurant traffic declined by more than 200 basis points year-over-year, yet Sysco managed to gain market share [6][8] - Sysco's performance improved relative to the industry, with a strong exit rate in December [42] Company Strategy and Development Direction - Sysco is focusing on enhancing its value tier product offerings to meet customer needs and improve profitability [9] - The company completed a tuck-in acquisition of Ginsberg's Foods, which is expected to enhance growth potential in the Northeast [17][24] - Continued investments in sales headcount and technology, such as the AI 360 CRM tool, are aimed at improving sales productivity [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving at least 2.5% local case growth in the second half of fiscal 2026, driven by improved sales colleague retention and productivity [19][36] - The company anticipates a stable macroeconomic environment, with growth primarily driven by internal initiatives rather than external factors [30][74] Other Important Information - Sysco's adjusted operating expenses were $3 billion for the quarter, reflecting planned investments in growth areas [28] - The company maintains a robust balance sheet with $2.9 billion in total liquidity [29] Q&A Session Summary Question: Variations in local case growth on a monthly basis and impact of winter storms - Sysco's performance strengthened each month of Q2, with January showing continued strength despite potential weather impacts [40][41] Question: Sales growth expectations for the second half of fiscal 2026 - Sysco anticipates at least 2.5% growth in local case volumes for Q3 and Q4, with expectations for improved performance compared to the previous year [50][76] Question: Contribution of new account wins versus existing account penetration - Growth is coming from both new account wins and improved penetration with existing accounts, with the spread between new and lost accounts widening [61][62] Question: Changes in sales force growth and hiring - Sysco is committed to growing its sales headcount in 2026, focusing on high-growth markets and optimizing training programs to enhance productivity [65]

Shares of Sysco Corporation ( SYY ) have been a poor performer over the past year, losing just over 1% of their value. While the company has been gaining market share and benefits from a weaker U.S. dollar (Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure: I/we hav ...

Core Insights - Sysco reported quarterly earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of $0.98 per share, and showing an increase from $0.93 per share a year ago, representing an earnings surprise of +1.43% [1] - The company posted revenues of $20.76 billion for the quarter ended December 2025, slightly missing the Zacks Consensus Estimate by 0.2%, but up from $20.15 billion year-over-year [2] - Sysco has surpassed consensus EPS estimates three times over the last four quarters and has topped revenue estimates twice in the same period [2] Earnings Outlook - The sustainability of Sysco's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.91 on revenues of $20.53 billion, and for the current fiscal year, it is $4.55 on revenues of $84.45 billion [7] Industry Context - The Zacks Industry Rank for Food - Miscellaneous, which includes Sysco, is currently in the bottom 21% of over 250 Zacks industries, indicating potential challenges ahead [8] - Freshpet, another company in the same industry, is expected to report quarterly earnings of $0.43 per share, reflecting a year-over-year increase of +19.4%, with revenues projected at $285.8 million, up 8.8% from the previous year [9]

Fiscal Q2 2026 Earnings Results January 27, 2026 Forward-Looking Statements Statements made in this presentation include statements that are forward-looking or that express management's beliefs, expectations or hopes and are forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, among other things, our future financial performance and results, business strategy, plans, goals and objectives, including certain outlook, business trends, our dividend and ...

格隆汇1月27日｜食品分销商Sysco公布2026财年Q2业绩，净销售额为207.6亿美元，符合分析师预期； 调整后每股收益为0.99美元，略高于分析师预计的0.98美元；毛利率扩大了15个基点，达到18.3%。 Sysco预计2026财年调整后每股收益将增长5%至7%，达到4.5至4.6美元，而之前的预测是增长1%至 3%。 ...

Food distributor Sysco lifted its annual profit forecast and beat estimates for both second-quarter profit and sales on Tuesday, as strong demand for its steaks, fillets and frozen-food products helpe... ...