Fiscal Q3 2025 Earnings Results April 29, 2025 It is important to note that actual results could differ materially from those estimated in or implied by such forward-looking statements based on numerous factors, including those outside of Sysco's control. Such forward-looking statements reflect the views of management at the time such statements are made and are subject to a number of risks, uncertainties, estimates, and assumptions. Risks and uncertainties include without limitation: the impact of geopolit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-6544 ________________ Sysco Corporation (Exact name of registrant as specified in its charter) Delaware 74-1648137 (State or other jurisdiction of ...

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 ...

Sysco Corporation (SYY) has delivered third-quarter fiscal 2025 results, wherein the top line increased and the bottom line remained flat year over year. Both sales and earnings lagged the Zacks Consensus Estimate.Sysco’s fiscal third-quarter results were impacted by external factors such as wildfires, adverse weather and softening consumer confidence, all of which weighed on restaurant foot traffic and led to results falling short of internal expectations. In response, the company is making progress on key ...

Sysco (SYY) came out with quarterly earnings of $0.96 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.80%. A quarter ago, it was expected that this food distributor would post earnings of $0.93 per share when it actually produced earnings of $0.93, delivering no surprise.Over the last four quarters, the company has surpass ...

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]

https://files.reportify.cc/media/production/SYY1da7c26fb2e62f4a9cc2d2a74616c560.jpg SYSCO REPORTS THIRD QUARTER FISCAL YEAR 2025 RESULTS HOUSTON, April 29, 2025 - Sysco Corporation (NYSE: SYY) ("Sysco" or the "company") today announced financial results for its 13-week third fiscal quarter ended March 29, 2025. Key financial results for the third quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): "Sysco's Q3 results were negatively impacted by multipl ...

HOUSTON, April 24, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors has approved a $0.03 increase in the quarterly cash dividend to $0.54 per share from the current $0.51 per share. The new dividend is payable for the first time on July 25, 2025, to common stockholders of record at the close of business on July 3, 2025. "The Board's decision to increase the dividend by 6% reflects Sysco's continued commitment to maintaining a healthy dividend payout ratio of ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Sysco (SYY) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 29, 2025, might help the stock move higher if these key numbers are better than expectations ...

Sysco Corporation (SYY) is likely to register top and bottom-line growth when it reports third-quarter fiscal 2025 earnings on April 29. The Zacks Consensus Estimate for net sales is pegged at almost $20 billion, suggesting an increase of 3% from the prior-year quarter’s actual. The consensus mark for fiscal third-quarter earnings has moved down by 1 cent in the past 30 days to $1.03 per share, indicating growth of 7.3% from the year-ago quarter’s reported figure. SYY has a negative trailing four-quarter ea ...