Core Viewpoint - Sysco Corporation has demonstrated strong financial performance, leading to a notable increase in stock price and positive market outlook, supported by earnings surpassing estimates and a solid return on equity [2][4]. Financial Performance - Sysco reported earnings of $0.99 per share for the quarter, exceeding the consensus estimate of $0.98 [2][4]. - The company achieved revenue of $20.76 billion, slightly below expectations of $20.80 billion, but reflecting a 3% increase compared to the same period last year [2][4]. - Sysco's net margin stood at 2.21%, with a remarkable return on equity of 112.04% [2][4]. Stock Performance - Sysco's stock is currently priced at $83.92, marking a significant increase of 10.96% with a change of $8.29 [3]. - The stock has fluctuated between a low of $77.33 and a high of $83.96 today, with the latter being its highest price over the past year [3]. - The company has a market capitalization of approximately $40.19 billion, and the trading volume today reached 11,002,083 shares [3]. Dividend and Market Outlook - Sysco recently paid a quarterly dividend of $0.54 to stockholders of record as of January 2nd, indicating its commitment to returning value to shareholders [3]. - Barclays has set a price target of $92 for Sysco, suggesting a potential increase of 9.63% from its current trading price [2][4].

Company Overview - Sysco Corporation is a leading entity in the food distribution sector, serving a diverse clientele including restaurants and educational institutions [1] - The company has a strong presence in the U.S. market, positioning it as a formidable competitor against key distributors like US Foods and Performance Food Group [1] Financial Performance - Sysco reported an earnings per share (EPS) of $0.99, surpassing the consensus estimate of $0.98 [2][5] - The company's quarterly revenue was $20.76 billion, slightly below the expected $20.80 billion, but still reflecting a 3% increase compared to the same period last year [2][5] - Sysco achieved a net margin of 2.21% and a return on equity of 112.04% [3] Stock Performance - The stock price reached a new 52-week high of $83.91 following a strong earnings report, with the last trading price at $80.05 [2][3] - Barclays upgraded Sysco's rating to "Overweight" and raised its price target from $88 to $92 [2][5] - The stock has fluctuated between a low of $77.33 and a high of $83.96 over the past year, with a market capitalization of approximately $40.19 billion [4] Future Outlook - Sysco has raised its annual profit forecast to $4.60 per share, indicating confidence in continued strong performance [3][5] - The company’s strong performance in the U.S. market is driven by high demand for its products [3]

Core Insights - Sysco Corporation reported strong second-quarter fiscal 2026 earnings, with adjusted earnings per share of 99 cents, surpassing the analyst consensus estimate of 98 cents [1] - Quarterly sales reached $20.762 billion, closely aligning with the expected $20.767 billion, reflecting a 3.0% year-over-year increase [1] Financial Performance - The company achieved its third consecutive quarter of sequentially improving local case growth, with USFS local case volume showing a positive growth of 1.2% in the quarter [2] - Sysco expects fiscal 2026 adjusted EPS growth to be at the high end of its previously provided guidance range of $4.50-$4.60, consistent with its long-term financial targets [2] Adjusted EPS Outlook - Sysco's CFO announced an increase in the full-year adjusted EPS outlook to the high end of the prior range, despite facing a headwind of approximately $100 million, or $0.16 per diluted share, from lower incentive compensation in fiscal 2025 [3] - Sysco shares closed at $83.92 following the earnings announcement [3] Analyst Ratings and Price Targets - Barclays analyst Jeffrey Bernstein maintained an Overweight rating on Sysco and raised the price target from $88 to $92 [4] - Wells Fargo analyst Edward Kelly also maintained an Overweight rating and increased the price target from $88 to $92 [4] - Piper Sandler analyst Brian Mullan maintained a Neutral rating and raised the price target from $80 to $83 [4]

Core Viewpoint - Sysco Corporation reported strong second-quarter fiscal 2026 earnings, exceeding analyst expectations for adjusted earnings per share and achieving a notable year-over-year sales increase [1][2]. Financial Performance - The company reported adjusted earnings per share of 99 cents, surpassing the analyst consensus estimate of 98 cents [1]. - Quarterly sales reached $20.762 billion, closely aligning with the expected $20.767 billion, reflecting a 3.0% year-over-year growth [1]. Growth Indicators - Sysco experienced its third consecutive quarter of improving local case growth, with USFS local case volume showing a positive growth of 1.2% in the quarter [2]. - The company anticipates fiscal 2026 adjusted EPS growth to be at the high end of its previously provided guidance range of $4.50-$4.60, consistent with long-term financial targets [2]. Adjusted EPS Outlook - Sysco's CFO indicated an increase in the full-year adjusted EPS outlook to the high end of the prior range, despite facing a $100 million headwind from lower incentive compensation in fiscal 2025, equating to $0.16 per diluted share [3]. Analyst Ratings and Price Targets - Barclays and Wells Fargo analysts maintained an Overweight rating on Sysco, raising their price targets from $88 to $92 [4]. - Piper Sandler maintained a Neutral rating while increasing the price target from $80 to $83 [4].

Core Viewpoint - The Chefs' Warehouse, Inc. is set to announce its financial results for Q4 and the fiscal year ending December 26, 2025, on February 11, 2026, before market opening [1] Group 1: Financial Results Announcement - The financial results will be released before the stock market opens on February 11, 2026 [1] - A conference call to review the results will take place at 8:30 a.m. ET on the same day [1] Group 2: Conference Call Details - The conference call will be available via a live webcast on the Company's investor relations website [2] - An online archive of the webcast will be accessible for 30 days following the event [2] Group 3: Company Overview - The Chefs' Warehouse, Inc. is a leading distributor of specialty food products in the U.S., Middle East, and Canada [3] - The company serves a diverse clientele, including independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, and specialty food stores [3] - It distributes over 88,000 products to more than 50,000 customer locations [3]

Investors applauded the foodservice leader's efforts to mitigate inflation.Shares of Sysco (SYY +10.96%) popped on Tuesday after the food distributor said its full-year profits would come in near the top of its forecast.By the close of trading, Sysco's stock price was up more than 10%. Solid performance in a challenging economic environmentSysco's sales rose 3% year over year to $20.8 billion in the quarter ended Dec. 27. The food giant's gross profit, in turn, grew 3.9% to $3.8 billion, as its gross margin ...

Core Insights - Sysco reported strong financial results for Q2, with total revenue of nearly $21 billion, a 3% increase year over year, and adjusted EPS rising by 6.5% [3][6]. - The company highlighted improving case volume trends and expanding gross margins, despite a soft broader restaurant environment [4][6]. Financial Performance - Gross profit totaled $3.8 billion, up 3.9%, with a gross margin increase to 18.3% [1]. - Adjusted operating expenses were $3 billion, representing 14.4% of sales, reflecting planned investments and the impact of prior year incentive compensation [1][2]. - Sysco's free cash flow grew by 25% year-to-date, indicating high quality of earnings [2]. Volume and Growth Expectations - U.S. Local case volumes improved by 1.2% in Q2, a sequential gain of 140 basis points, with expectations of at least 2.5% growth in both Q3 and Q4 [5][8]. - The company anticipates that 2.1% of this growth will come from organic Local case growth, with the remainder from M&A activity [8]. Segment Performance - The National contract business saw a 0.4% volume growth, while SYGMA reported 0.5% sales growth and 10.5% operating income growth [10][11]. - International sales grew by 7.3% on a reported basis and 9.9% excluding the divestiture of Mexico, with Local case growth of 4.5% [12]. Strategic Initiatives - Sysco is focusing on sales retention, AI-driven tools, and loyalty programs to enhance customer engagement and retention [13][14]. - The company completed a tuck-in acquisition of Ginsberg's Foods, which is expected to unlock growth and margin opportunities [16]. Capital Returns and Outlook - Sysco plans approximately $1 billion in dividends and $1 billion in share repurchases for fiscal 2026, with a 6% year-over-year increase in dividend payout expected [19]. - The company maintains its fiscal 2026 adjusted EPS guidance at the high end of the $4.50 to $4.60 range, driven by inflation, volume growth, and M&A contributions [17][18].

Core Insights - Sysco Corporation (SYY) reported strong second-quarter fiscal 2026 results, with both revenue and earnings increasing year over year, surpassing the Zacks Consensus Estimate, driven by improving volume trends and margin expansion [1][9] Financial Performance - Adjusted earnings per share were 99 cents, exceeding the Zacks Consensus Estimate of 98 cents, marking a 6.5% increase year over year [2] - Total sales reached $20.8 billion, a 3% year-over-year increase, nearly matching the Zacks Consensus Estimate of $20.81 billion, with foreign exchange movements contributing 0.7% to sales growth [3] - Gross profit rose 3.9% to $3.8 billion, with gross margin improving by 15 basis points to 18.3%, driven by pricing actions and sourcing initiatives [4] - Operating expenses increased by 5.5% year over year to $3.1 billion, leading to a 2.8% decline in operating income to $692 million, while adjusted operating income increased by 3.1% to $807 million [5] Segment Performance - U.S. Foodservice Operations saw sales increase by 2.4% year over year to $14.4 billion, with local case volume improving by 1.2% [6] - International Foodservice Operations reported a 7.3% year-over-year sales increase to $4 billion, with adjusted operating income surging 25.6% to $162 million [7][8] - The SYGMA segment's sales edged up 0.5% year over year to $2.1 billion, with operating income improving by 10.5% [8] - The Other segment experienced a sales decline of 3.4% year over year to $254 million, although operating income improved modestly [10] Financial Health - Sysco ended the quarter with $1.2 billion in cash and cash equivalents, and total liquidity of $2.9 billion, generating $611 million in operating cash flow and $413 million in free cash flow during the first half of fiscal 2026 [11] - Capital expenditures totaled $198 million for the first 26 weeks of fiscal 2026, with $518 million returned to shareholders through dividends [12] Future Outlook - Management expects adjusted earnings per share for fiscal 2026 to be at the high end of the previously issued guidance range of $4.50-$4.60, despite an approximate $100 million adverse effect from incentive compensation comparisons [13]

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 ...