The upcoming report from Sysco (SYY) is expected to reveal quarterly earnings of $1.38 per share, indicating an increase of 3% compared to the year-ago period. Analysts forecast revenues of $20.59 billion, representing an increase of 4.4% year over year. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Ahead of a comp ...

Factors to Note Sysco is a diversified company that covers every part of the food-away-from-home channel, which has been capturing market share from the grocery channel for a while now. On its last earnings call, management stated that it expects this macro trend to stay for many years. This is likely to have benefited the company in the quarter under review. Further, a focus on the Recipe for Growth program has been strengthening SYY's capacities across sales and the supply chain. Though Sysco has an Earni ...

The earnings report, which is expected to be released on July 30, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This food distributor is expected to post quarterly earnings of $1.38 per share in its upcoming report, which represents a year-over-year change of +3%. The consensus EPS estimate for the quarter has been revised 0.15% lower over the last 30 days to the current level. This is essentially a reflec ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Sysco (SYY) , which belongs to the Zacks Food - Miscellaneous industry, could be a great candidate to consider. For the last reported quarter, Sysco came out with earnings of $0.96 per share versus the Zacks Consensus Estimate of $0.95 per share, representing a surprise of 1.05%. For the previous quarter, the company was expected to post earnings of $0 ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style ...

Income investors love Dividend Aristocrats, which have a long history of increasing dividends consistently every single year. Those companies tend to be less volatile than non-dividend-paying companies, as their reliable and consistent payouts could provide a decent cushion during market downturns, reducing overall portfolio volatility. By investing in these stocks, investors receive both regular dividend income streams and the potential for capital appreciation when the business keeps growing. In this disc ...

Solid Operational Efficiency Image Source: Zacks Investment Research Further, Sysco aims at providing customer-oriented merchandising and marketing solutions to augment sales. The company also targets team-based selling, with an emphasis on important cuisines. Finally, Sysco is focused on cultivating new capacities, channels and segments, along with sponsoring investments via cost-saving initiatives. On its third-quarter fiscal 2024 earnings call, management highlighted that restaurant foot traffic has decl ...

Generally speaking, retirement income stocks tend to be boring, predictable affairs for a reason. At this point, you don't want to be rocking the boat. However, enterprises that are too boring can also be problematic because they may not be keeping pace with the times. On that note, it may be more advantageous to consider compelling enterprises that bring a healthy mixture of growth and dividends. Here's a rethink on the familiar narrative of retirement income stocks to buy. Sysco (SYY) Source: JHVEPhoto/Sh ...

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 more information contact: Kevin Kim Shannon Mutschler Investor Contact Media Contact kevin.kim@sysco.com shannon.mutschler@sysco.com T 281-584-1219 T 281-584-4059 For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key inf ...

Sysco Corporation (SYY) continues to thrive in the growing food-away-from-home industry. Emphasizing efficiency improvements through supply-chain productivity and prudent cost containment, the company demonstrated strong discipline and adaptability by navigating a soft customer environment in the third quarter of fiscal 2024. Sysco is a diversified company that covers every part of the growing food-away-from-home industry. The food- away-from-home channel has been capturing market share from the grocery cha ...