Sysco (SYY) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Sysco reported revenue of $20.15 billion for the quarter ended December 2024, reflecting a 4.5% increase year-over-year and a surprise of +0.24% over the Zacks Consensus Estimate of $20.1 billion [1] - The company's EPS for the quarter was $0.93, consistent with the consensus estimate, showing no EPS surprise [1] Financial Performance Metrics - International Foodservice Operations revenue was $3.73 billion, exceeding the average estimate of $3.64 billion, representing a +3.7% change year-over-year [4] - U.S. Foodservice Operations revenue reached $14.04 billion, slightly below the average estimate of $14.12 billion, with a year-over-year increase of +4.1% [4] - Other sales amounted to $263 million, falling short of the average estimate of $283.80 million, indicating a year-over-year decline of -7.2% [4] - SYGMA revenue was $2.12 billion, surpassing the average estimate of $2.03 billion, with a year-over-year growth of +10.6% [4] - SYGMA gross profit was reported at $163 million, exceeding the average estimate of $157.85 million [4] - Other gross profit was $65 million, below the average estimate of $73.22 million [4] - Operating income (GAAP) for SYGMA was $19 million, slightly below the average estimate of $19.48 million [4] - Operating income (GAAP) for Other was $4 million, significantly below the average estimate of $8.88 million [4] Stock Performance - Sysco shares returned +0.7% over the past month, compared to a +0.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]