Revenue for the first quarter came in just shy of expectations at $2.13 billion versus estimates of $2.15 billion, according to average estimates compiled by LSEG, and earnings per share were 7 cents adjusted versus a 9 cents expectation."It was actually booking really, really well till about a month or two ago. And then the American consumer seemed to be a little skittish about doing far-from-home travel," CEO Harry Sommer told CNBC Wednesday.For instance, Norwegian Cruise Line Holdings reports some "chopp ...

Tuesday, April 29, 2025The S&P 500 enjoyed its sixth-straight up-day in the stock market this Tuesday, with neither economic data nor earnings reports offering numbers having a chilling effect on recent positive sentiment. That said, hopefulness on the trade tariff front continues to rest on faith; to this date, there are no concrete trade deals reported between the U.S. and any of its global trade partners.The Dow gained an even 300 points, +0.75%, in Tuesday trading. The S&P 500 added +32 points, +0.58%, ...

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]

Sysco (SYY) Q3 2025 Earnings Call April 29, 2025 03:29 PM ET Speaker0 Welcome to Sysco's Third Quarter Finance Fiscal Year twenty twenty five Conference Call. As a reminder, today's call is being recorded. We will begin with opening remarks and introductions. I would like to now turn the call over to Kevin Kim, Vice President of Investor Relations. Please go ahead. Speaker1 Good morning, everyone, and welcome to Sysco's third quarter fiscal year twenty twenty five earnings call. On today's call, we have Kev ...

lucky-photographer Listen below or on the go on Apple Podcasts and Spotify Press secretary calls notion of Amazon listing tariff costs ‘hostile and political.’ AMZN denies the plan. (0:15) Trade deficit balloons in March, could lead to GDP drop. (1:46) Consumer confidence almost at recession level. (2:56) This is an abridged transcript of the podcast. Companies looking to break out the cost of tariffs for their customers could face the ire of the White House. Amazon was forced to deny something it h ...

Amazon says it has no plans to display import-related charges on its website following White House protests.“The team that runs our ultra low cost Amazon Haul store considered the idea of listing import charges on certain products,” Amazon spokesperson Tim Doyle said in a statement provided to PYMNTS Tuesday (April 29). “This was never approved and is not going to happen.”Amazon had considered adding a line item to goods sold on Haul — the $20 or less discount store it launched last year — in response to Pr ...

Century Communities (CCS) Q1 2025 Earnings Call April 23, 2025 05:00 PM ET Company Participants Tyler Langton - Senior Vice President, Investor RelationsDale Francescon - Executive ChairmanRobert Francescon - CEO & PresidentJ. Scott Dixon - Chief Financial OfficerCarl Reichardt - Managing Director - Equity ResearchJay McCanless - SVP - Equity ResearchAlan Ratner - Managing DirectorAndrew Azzi - Vice PresidentAlex Barron - President & Founder Conference Call Participants Kenneth Zener - Senior Analyst Operat ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Household disposable income grew by 5.5% year-over-year in Q1 2025, slightly down from 5.6% in Q4 2024, while nominal consumption growth increased to 5.2% year-over-year from 4.5% in the previous quarter [3][4] - The labor market remained stable in Q1 2025, with urban unemployment rates increasing slightly, particularly in large cities [18][20] - The household savings rate decreased in Q1 2025, falling below pre-Covid trend levels, with estimated cumulative excess savings at RMB 3.0 trillion [32][39] - Consumer confidence showed a slight uptick but remained muted, reflecting ongoing economic uncertainties [46][48] Summary by Sections Income and Spending - Household disposable income growth decelerated to 5.5% year-over-year in Q1 2025, while nominal consumption growth accelerated to 5.2% [3][4] - Per capita household consumption growth accelerated to +9.3% quarter-over-quarter annualized in Q1, driven by increased spending on food, clothing, education, culture, and entertainment [3][11] Employment - The labor market was stable, with urban unemployment rates slightly increasing after seasonal adjustments [18][20] - The migrant worker population grew marginally in Q1 2025, and several provinces increased minimum monthly wages, providing a boost to household disposable income [24][28] Household Savings - The household savings rate fell below pre-Covid trend levels, with excess savings estimated at RMB 3.0 trillion [32][39] - There are RMB 52 trillion in excess deposits in household bank deposits, with growth remaining stable [35][41] Consumer Confidence - The consumer confidence index increased slightly in early 2025, supported by consumption-boosting measures and improved property sales in top-tier cities [3][46] - Significant divergence in residential population changes was noted across provinces, with Guangdong seeing the most growth and Shandong the largest decline [49][50]