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Second ‘Sysco To Go’ Launches in Central Houston to Serve the City’s Diverse Culinary Scene and Local Businesses Near NRG Stadium
GlobeNewswire· 2025-07-23 12:00
HOUSTON, July 23, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the world's largest food distributor, announced today the grand opening of its second Sysco To Go retail store in the heart of Houston's most diverse business centers. Strategically located in Houston's medical, sports and entertainment hub, the store provides thousands of small businesses and foodservice operators in the area with convenient, direct access to Sysco's quality assortment of products at great prices - catering to needs o ...
Philip Morris Q2 Earnings Beat Estimates, FY25 EPS View Raised
ZACKS· 2025-07-22 15:55
Core Insights - Philip Morris International Inc. (PM) reported strong second-quarter 2025 results, with both net sales and earnings increasing year over year, although net sales missed the Zacks Consensus Estimate while earnings exceeded it [1][10] - The company has raised its full-year guidance reflecting robust momentum across regions and product categories, particularly in smoke-free products like IQOS and ZYN [1][10] Financial Performance - Adjusted earnings per share (EPS) for the second quarter were $1.91, a 20.1% increase year over year, beating the Zacks Consensus Estimate of $1.85 [2][10] - Net revenues reached $10,140 million, a 7.1% increase on a reported basis and 6.8% on an organic basis, but fell short of the Zacks Consensus Estimate of $10,255 million [3][10] - Adjusted operating income rose 16.1% to $4,246 million, driven by improved pricing and positive volume/mix, despite increased costs in marketing and administration [6][10] Product Performance - Revenues from smoke-free products increased 15.2%, accounting for 41% of total revenues, with strong performance in both IQOS and ZYN [5][10] - Net revenues from combustible products grew 2.1% year over year, supported by strong pricing despite expected volume declines [4][10] Regional Performance - European region net revenues grew 8.7% to $4,234 million, driven by positive pricing and volume mix, although total shipment volumes decreased [8][10] - In the Americas, revenues rose 12.7% to $1,272 million, primarily due to nicotine pouch sales, with total shipment volumes increasing [11][10] - The SSEA, CIS & MEA regions saw net revenues increase by 5.6% to $2,926 million, while the EA, AU & PMI GTR regions grew 2.1% to $1,708 million [8][9] Future Outlook - For 2025, adjusted EPS is now projected in the range of $7.43-$7.56, indicating 13-15% growth, up from the previous range of $7.36-$7.49 [13][10] - PM expects net revenues to increase 6-8% on an organic basis and operating income to rise 11-12.5% [15][10] - The company anticipates operating cash flow exceeding $11.5 billion in 2025, with capital expenditures around $1.6 billion to support smoke-free business investments [15][10]
Sysco celebrates expansion with grand opening of Sysco Tampa Bay
Globenewswire· 2025-07-22 12:40
Core Points - Sysco Corporation is celebrating the grand opening of its newest distribution center, Sysco Tampa Bay, in Plant City, Florida, which will create over 300 jobs in the region [2][3] - The company generated sales exceeding $78 billion in fiscal year 2024, demonstrating its strong market position as the global leader in foodservice distribution [3][4] - Sysco operates 340 distribution centers across more than 10 countries, employing approximately 76,000 colleagues and serving around 730,000 customer locations [3][4] Company Overview - Sysco is the largest distributor of food and related products for customers who prepare meals away from home, including restaurants, healthcare facilities, and educational institutions [3][4] - The company offers customized supply chain solutions, specialty product offerings, and culinary support to help customers innovate and optimize their operations [4] - Sysco's portfolio includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment, and innovative culinary solutions [4]
Colabor Group Inc. Announces a Cybersecurity Incident
Globenewswire· 2025-07-21 21:26
Core Points - Colabor Group Inc. identified a cybersecurity incident on July 20, 2025, affecting its internal IT systems [1] - The company took immediate action to protect its network and data by engaging cybersecurity experts for containment and remediation [2] - The full scope and impact of the incident, including potential data access of customers, suppliers, or employees, is still under investigation [3] Company Overview - Colabor is a distributor and wholesaler of food and related products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces, as well as the retail market [4]
Sysco Opens Second Sysco To Go Store in the Heart of the City’s Diverse Culinary Scene
GlobeNewswire· 2025-07-21 16:01
Core Insights - Sysco Corporation is celebrating the grand opening of its second Sysco To Go store in Houston, aimed at serving independent restaurants, food trucks, caterers, and small businesses [1][2]. Group 1: Company Overview - Sysco is the global leader in foodservice distribution, generating over $78 billion in sales for the fiscal year 2024 [4]. - The company operates 340 distribution centers across more than 10 countries, employing 76,000 colleagues to serve approximately 730,000 customer locations [4]. Group 2: New Store Details - The new Sysco To Go store is strategically located in central Houston, providing access to a variety of well-priced, quality food products, including Mexican, Pan-Asian, and American cuisine [2]. - The grand opening event will include a ribbon-cutting ceremony, product samples, and opportunities for media engagement with Sysco representatives [3]. Group 3: Leadership and Community Engagement - Key speakers at the grand opening will include Lindsay Hirsch, Sysco's head of growth strategy, and Martha Castex-Tatum, City of Houston Mayor Pro-Tem [3]. - Sysco To Go Operations Manager, Antonio Valenzuela, will be available for Spanish-language interviews, highlighting the company's commitment to community engagement [3].
Colabor Announces the Date of Its Second Quarter 2025 Results Conference Call
GlobeNewswire News Room· 2025-07-21 12:52
Group 1 - Colabor Group Inc. will release its Q1 results for the period ended June 14, 2025, after market close on July 24, 2025 [1] - A conference call to discuss the results is scheduled for July 25, 2025, at 9:30 a.m. Eastern Time [2] - Colabor operates as a distributor and wholesaler of food products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces [4] Group 2 - The conference call can be accessed via a toll-free number for North American participants and an international dial-in option [2] - A recording of the conference call will be available until August 1, 2025, for those who wish to listen later [3] - Colabor offers specialty food products including fish, seafood, and meat through its Broadline activities [4]
Is Chefs' Warehouse (CHEF) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2025-07-18 17:45
Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates involves navigating inherent risks and volatility [1] Group 1: Company Overview - Chefs' Warehouse (CHEF) is currently highlighted as a recommended growth stock, benefiting from a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 19.6%, with projected EPS growth of 12.2% this year, significantly surpassing the industry average of 7.4% [4] Group 2: Financial Metrics - Chefs' Warehouse exhibits a year-over-year cash flow growth of 17.7%, which is notably higher than the industry average of 4.3% [5] - The company's annualized cash flow growth rate over the past 3-5 years stands at 16.9%, again exceeding the industry average of 4.3% [6] Group 3: Earnings Estimates - The current-year earnings estimates for Chefs' Warehouse have been revised upward, with the Zacks Consensus Estimate increasing by 1.9% over the past month [7] - The combination of a Zacks Rank 2 and a Growth Score of A positions Chefs' Warehouse favorably for potential outperformance in the market [9]
United Natural Foods, Inc. (UNFI) Business Update Call Transcript
Seeking Alpha· 2025-07-18 17:35
Company Overview - United Natural Foods, Inc. (UNFI) held a business update conference call on July 16, 2025, at 8:30 AM ET [1] - Key participants included CEO Sandy Douglas and President & CFO Matteo Tarditi [1][3] Conference Call Structure - The call was initiated by Steven J. Bloomquist, Vice President of Investor Relations, who welcomed participants and mentioned the availability of the press release and supplemental presentation on the company's website [2][3] - Management's comments during the call included forward-looking statements that involve significant risks and uncertainties [4] Financial Information - The company will refer to certain non-GAAP financial measures during the call, with definitions and reconciliations provided in the earnings release and SEC filings [4]
Here's Why Momentum in Chefs' Warehouse (CHEF) Should Keep going
ZACKS· 2025-07-18 13:50
Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in stock prices for short-term investing, highlighting that while trends can be profitable, ensuring their longevity is crucial [1][2]. Group 1: Stock Performance - Chefs' Warehouse (CHEF) has shown a solid price increase of 25.8% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 8.9% in the last four weeks, suggesting that the upward trend is still intact [5]. - CHEF is currently trading at 94% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - CHEF holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors seeking stocks with upward momentum backed by strong fundamentals [3]. - The article suggests that there are multiple stocks passing through this screen, indicating potential investment opportunities [8].
United Natural Foods (UNFI) Update / Briefing Transcript
2025-07-16 13:30
UNFI Business Update Conference Call Summary Company Overview - **Company**: United Natural Foods, Inc. (UNFI) - **Industry**: Food Supply Chain and Distribution Key Points and Arguments Business Recovery and Cyber Incident - UNFI experienced a cyber incident that disrupted operations, prompting immediate action to shut down systems to protect data and restore services [5][7] - The company successfully restored primary electronic ordering systems by June 16, allowing for efficient order processing [8] - By June 26, core systems were restored, and operations returned to normalized levels, with key metrics like fill rates and on-time deliveries close to pre-incident levels [10][22] Financial Outlook - The revised fiscal 2025 outlook includes a modest increase in net sales by 0.6% to a range of $31.6 billion to $31.8 billion, reflecting a 4.3% increase from fiscal 2024 [13] - Adjusted EBITDA is projected to be between $535 million and $565 million, with an expected impact of $40 million to $50 million from the cyber incident [14] - Free cash flow outlook increased from at least $150 million to approximately $200 million due to reduced capital spending and operational performance [14] Impact of Cyber Incident - Estimated lost sales due to the cyber incident range from $350 million to $400 million, with a significant impact on Q4 of fiscal 2025 [13] - The incident resulted in additional costs, including $5 million for cybersecurity experts and $20 million for operational inefficiencies [15] Strategic Focus and Future Plans - UNFI aims to reduce net leverage to nearly 2.5 times by the end of fiscal 2026, a year earlier than previously expected [11] - The company plans to continue investing in technology and cybersecurity to prevent future incidents and enhance operational efficiency [34][43] - UNFI's strategy remains focused on adding value for customers and suppliers while improving free cash flow [16] Customer Relationships and Market Position - UNFI has maintained strong relationships with customers during the disruption, with collaborative efforts to manage supply chain challenges [20][36] - The company is optimistic about onboarding new customers and expects business development conversations to remain productive [24] Operational Metrics - As of the latest update, average outbound fill rates and units shipped are at or near pre-incident levels, indicating a return to operational stability [10][22] Additional Important Insights - UNFI's leadership emphasized the importance of collaboration with customers and suppliers during the recovery process, which has strengthened partnerships [37][68] - The company is committed to transparency regarding the cyber incident and is working to enhance its cybersecurity measures based on lessons learned [34][52] This summary encapsulates the critical aspects of UNFI's business update conference call, highlighting the company's recovery from a cyber incident, financial outlook, strategic focus, and customer relationships.