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Sysco (SYY) Reports Q2 Earnings: What Key Metrics Have to Say
SYYSysco(SYY) ZACKS·2025-01-28 15:31

Core Insights - Sysco reported revenue of 20.15billionforthequarterendedDecember2024,reflectinga4.520.15 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,consistentwiththeconsensusestimate,showingnoEPSsurprise[1]FinancialPerformanceMetricsInternationalFoodserviceOperationsrevenuewas0.93, 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 3.64billion,representinga+3.73.64 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 14.12billion,withayearoveryearincreaseof+4.114.12 billion, with a year-over-year increase of +4.1% [4] - Other sales amounted to 263 million, falling short of the average estimate of 283.80million,indicatingayearoveryeardeclineof7.2283.80 million, indicating a year-over-year decline of -7.2% [4] - SYGMA revenue was 2.12 billion, surpassing the average estimate of 2.03billion,withayearoveryeargrowthof+10.62.03 billion, with a year-over-year growth of +10.6% [4] - SYGMA gross profit was reported at 163 million, exceeding the average estimate of 157.85million[4]Othergrossprofitwas157.85 million [4] - Other gross profit was 65 million, below the average estimate of 73.22million[4]Operatingincome(GAAP)forSYGMAwas73.22 million [4] - Operating income (GAAP) for SYGMA was 19 million, slightly below the average estimate of 19.48million[4]Operatingincome(GAAP)forOtherwas19.48 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]