Profile
Sector:
Consumer DefensiveIndustry:
Food DistributionCountry:
United StatesIPO:
08 May 1973Website:
http://www.sysco.comNext earnings report:
N/ALast dividends:
04 October 2024Next dividends:
N/APrice
after hours | Thu, 31 Oct 2024 23:45:56 GMTAnalysts recommendations
Institutional Ownership
SYY Latest News
SYY's results for the first quarter of 2025 show better earnings and revenue. The company expects sales to rise by 4-5% and adjusted earnings per share to grow by 6-7% for the fiscal year 2025.
Sysco Corporation (NYSE:SYY) will hold its Q1 2025 Earnings Conference Call on October 29, 2024, at 10:00 AM ET. The call will feature company representatives including Kevin Kim, Kevin Hourican, and Kenny Cheung, along with participants from various financial institutions. Please note that this call is being recorded.
The main figures for Sysco (SYY) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare these important metrics with Wall Street's predictions and the results from the same period last year.
Sysco's approach of combining internal growth with acquisitions is helping it maintain its leading role in the food service industry and lays a strong foundation for future growth. Even with the low profit margins common in this sector, Sysco demonstrates a strong financial position through steady cash flow and good management of working capital. While expanding internationally presents some challenges in terms of profitability, the company is focused on providing returns to shareholders and keeping its debt levels manageable to ensure financial stability.
SYY's first-quarter results are likely to reveal growth in its Food-Away-From-Home sector, as well as better efficiency due to improvements in supply chain productivity.
To better understand how Sysco (SYY) might perform in the quarter ending September 2024, look beyond Wall Street's basic revenue and profit predictions. Instead, focus on the estimates for some of its important metrics. This will give you a clearer picture of the company's potential performance.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
HOUSTON, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the biggest food distributor in the world, has announced the launch of 19 new, time-saving ideas that are only available to Sysco customers through its Cutting Edge Solutions platform.
Here are today's final trades from the Investment Committee.
SYY uses its effective operations and the Recipe for Growth strategy to stay ahead of competitors and ensure lasting success.
What type of business is Sysco?
The corporation Sysco, through its subsidiaries and divisions, is the world's largest distributor of food products and related items, primarily for foodservice or out-of-home dining establishments. The company provides products and services to over 650,000 customer locations, including restaurants, medical and educational institutions, hotels, and other foodservice customers. Sysco began operating as a public company in March 1970. Sysco believes that fast and accurate order delivery, competitive prices, close contact with customers, and the ability to provide a full range of products and services to assist customers in the foodservice industry are of paramount importance. The company offers daily delivery to specific locations and has the ability to deliver special orders quickly.
What sector is Sysco in?
Sysco is in the Consumer Defensive sector
What industry is Sysco in?
Sysco is in the Food Distribution industry
What country is Sysco from?
Sysco is headquartered in United States
When did Sysco go public?
Sysco initial public offering (IPO) was on 08 May 1973
What is Sysco website?
https://www.sysco.com
Is Sysco in the S&P 500?
Yes, Sysco is included in the S&P 500 index
Is Sysco in the NASDAQ 100?
No, Sysco is not included in the NASDAQ 100 index
Is Sysco in the Dow Jones?
No, Sysco is not included in the Dow Jones index
When was Sysco the previous earnings report?
No data
When does Sysco earnings report?
Next earnings report date is not announced yet