Core Insights - Sysco Corporation reported strong second-quarter fiscal 2025 results, with both sales and earnings increasing year over year, surpassing the Zacks Consensus Estimate [1][4] Financial Performance - Adjusted earnings per share were 93 cents, in line with expectations, reflecting a 4.5% year-over-year increase [4] - Total sales reached $20,151 million, a 4.5% increase year over year, exceeding the consensus estimate of $20,102 million [4] - Gross profit rose 3.9% to $3.7 billion, although gross margin contracted by 11 basis points to 18.1% [5] - Operating income increased by 1.7% to $712 million, while adjusted operating income rose 5.1% to $783 million [6] Segment Performance - U.S. Foodservice Operations saw sales rise 4.1% to $14,044 million, with local case volumes down 0.9% [7] - International Foodservice Operations reported a 3.6% increase in sales to $3,728 million, with adjusted operating income growing 27.5% on a constant currency basis [8] - SYGMA's sales increased by 10.6% year over year, reaching $2,116 million [8] - The Other segment experienced a sales decline of 7.1% to $263 million [9] Future Outlook - Sysco reaffirmed its full-year guidance, expecting sales growth of 4-5% and adjusted EPS growth of 6-7% [3] - The company increased its share repurchase plan for the year to $1.25 billion from $1 billion [3] Financial Health - As of the end of the quarter, Sysco had cash and cash equivalents of $793 million and long-term debt of $11,393 million [11] - Cash flow from operations for the first 26 weeks of fiscal 2025 was $498 million, with free cash flow at $331 million [11] - Sysco returned $803 million to shareholders through share buybacks and dividends during the same period [12]

Core Insights - Sysco reported revenue of $20.15 billion for the quarter ended December 2024, reflecting a 4.5% increase year-over-year and a surprise of +0.24% over the Zacks Consensus Estimate of $20.1 billion [1] - The company's EPS for the quarter was $0.93, consistent with the consensus estimate, showing no EPS surprise [1] Financial Performance Metrics - International Foodservice Operations revenue was $3.73 billion, exceeding the average estimate of $3.64 billion, representing a +3.7% change year-over-year [4] - U.S. Foodservice Operations revenue reached $14.04 billion, slightly below the average estimate of $14.12 billion, with a year-over-year increase of +4.1% [4] - Other sales amounted to $263 million, falling short of the average estimate of $283.80 million, indicating a year-over-year decline of -7.2% [4] - SYGMA revenue was $2.12 billion, surpassing the average estimate of $2.03 billion, with a year-over-year growth of +10.6% [4] - SYGMA gross profit was reported at $163 million, exceeding the average estimate of $157.85 million [4] - Other gross profit was $65 million, below the average estimate of $73.22 million [4] - Operating income (GAAP) for SYGMA was $19 million, slightly below the average estimate of $19.48 million [4] - Operating income (GAAP) for Other was $4 million, significantly below the average estimate of $8.88 million [4] Stock Performance - Sysco shares returned +0.7% over the past month, compared to a +0.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Sysco (SYY) came out with quarterly earnings of $0.93 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this food distributor would post earnings of $1.13 per share when it actually produced earnings of $1.09, delivering a surprise of -3.54%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Sysco, which belongs to the Zacks ...

SYSCO REPORTS SECOND QUARTER FISCAL YEAR 2025 RESULTS HOUSTON, January 28, 2025 - Sysco Corporation (NYSE: SYY) ("Sysco" or the "company") today announced financial results for its 13-week second fiscal quarter ended December 28, 2024. Key financial results for the second quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): "Sysco delivered another quarter of disciplined financial performance fueled by top and bottom line growth that was consistent with ...

HOUSTON, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE: SYY) (“Sysco” or the “company”) today announced financial results for its 13-week second fiscal quarter ended December 28, 2024. Key financial results for the second quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 4.5%; U.S. Foodservice volume increased 1.4%;Gross profit increased 3.9% to $3.7 billion;Operating income increased 1.7% to $712 million, and adjusted ope ...

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Sysco Corporation (SYY) is likely to register top-and bottom-line growth when it reports second-quarter fiscal 2025 earnings on Jan. 28. The Zacks Consensus Estimate for net sales is pegged at $20.1 billion, suggesting an increase of 4.2% from the prior-year quarter. The consensus mark for fiscal second-quarter earnings has remained unchanged in the past 30 days at 93 cents per share, indicating growth of 4.5% from the figure reported in the year-ago quarter. SYY has a negative trailing four-quarter earning ...

Wall Street analysts expect Sysco (SYY) to post quarterly earnings of $0.93 per share in its upcoming report, which indicates a year-over-year increase of 4.5%. Revenues are expected to be $20.11 billion, up 4.3% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company reveals its earnings, ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Sysco (SYY) reports results for the quarter ended December 2024. 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 January 28, 2025, might help the stock move higher if these key numbers are better than expecta ...

Company Announcement - Happy Belly Food Group Inc has secured a national food distribution agreement with Sysco, allowing all brands in its portfolio to participate in the program [1] - The partnership with Sysco enables Happy Belly to benefit from Sysco's buying power, distribution network, and cost-saving benefits, enhancing operational efficiency and revenue growth [2][3] - The agreement provides consistent access to high-quality products at competitive prices, reduces food costs, streamlines inventory management, and minimizes stock shortages through Sysco's reliable supply chain [3] About Sysco - Sysco is the global leader in selling, marketing, and distributing food and related products to customers who prepare meals away from home, including restaurants, healthcare facilities, and entertainment venues [5] - Sysco operates over 340 distribution centers in more than 10 countries, with 76,000 colleagues serving approximately 730,000 customer locations [5] - The company generated sales of more than $78 billion in fiscal year 2024 [5] About Happy Belly Food Group - Happy Belly Food Group Inc is a leading consolidator of emerging food brands [6]