Sysco Corporation

SYY

US8718291078

Food Retail & Distribution

Market Closed - Nyse Other stock markets 04:00:01 2024-09-17 pm EDT			5-day change	1st Jan Change
77.78 ^USD	+0.86%		-0.92%	+6.36%

Sep. 16	JPMorgan Adjusts Price Target on Sysco to $88 From $85, Maintains Overweight	MT
Sep. 06	Sysco Adds 8 Electric Tractors to its Fleet	MT

Sysco Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended June 29, 2024

July 30, 2024 at 08:00 am EDT

Sysco Corporation reported earnings results for the fourth quarter and full year ended June 29, 2024. For the fourth quarter, the company reported sales was USD 20,556 million compared to USD 19,728 million a year ago. Net income was USD 612 million compared to USD 733 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to USD 1.45 a year ago. Diluted earnings per share from continuing operations was USD 1.23 compared to USD 1.44 a year ago.
For the full year, sales was USD 78,844 million compared to USD 76,325 million a year ago. Net income was USD 1,955 million compared to USD 1,770 million a year ago. Basic earnings per share from continuing operations was USD 3.9 compared to USD 3.49 a year ago. Diluted earnings per share from continuing operations was USD 3.89 compared to USD 3.47 a year ago.

Latest news about Sysco Corporation

JPMorgan Adjusts Price Target on Sysco to $88 From $85, Maintains Overweight	Sep. 16	MT
Sysco Adds 8 Electric Tractors to its Fleet	Sep. 06	MT
Transcript : Sysco Corporation Presents at Barclays 17th Annual Global Consumer Staples Conference, Sep-04-2024 01:30 PM	Sep. 04
Sysco Files Prospectus for Stock, Debt Offering	Aug. 28	MT
Tranche Update on Sysco Corporation's Equity Buyback Plan announced on May 20, 2021.	Aug. 28	CI
Sysco Corporation Appoints Roberto Marques to It's Board of Directors	Aug. 16	CI
Sysco Keeps Quarterly Dividend of $0.51 a Share, Payable Oct. 25 to Shareholders of Record on Oct. 4	Aug. 15	MT
Sysco Corporation Declares Quarterly Dividend, Payable on October 25, 2024	Aug. 15	CI
DA Davidson Adjusts Price Target on Sysco to $89 From $91, Maintains Buy Rating	Aug. 07	MT
Barclays Adjusts Price Target on Sysco to $88 From $85	Jul. 31	MT
Piper Sandler Raises Sysco's Price Target to $76 From $75	Jul. 30	MT
SYSCO EXEC SAYS TARGETING $1 BLN SHARE REPURCHASES IN FISCAL 202…	Jul. 30	RE
SYSCO EXEC SAYS CORPORATE EXPENSES WERE DOWN 10% YOY IN THE QUAR…	Jul. 30	RE
SYSCO EXEC SAYS TRAFFIC TO RESTAURANTS WAS DOWN ABOUT 3% YOY FOR…	Jul. 30	RE
Sysco Corporation Announces Earnings Guidance for 2025	Jul. 30	CI
Sysco Corporation Provides Dividend Guidance for 2025	Jul. 30	CI
Transcript : Sysco Corporation, Q4 2024 Earnings Call, Jul 30, 2024	Jul. 30
Sysco Fiscal Q4 Adjusted Earnings, Sales Rise	Jul. 30	MT
Food supplier Sysco beats quarterly profit estimates on easing costs	Jul. 30	RE
Earnings Flash (SYY) SYSCO CORPORATION Reports Q4 Revenue $20.56B, vs. Street Est of $20.51B	Jul. 30	MT
Sysco Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended June 29, 2024	Jul. 30	CI
Morgan Stanley Adjusts Price Target on Sysco to $81 From $82, Maintains Equalweight Rating	Jul. 16	MT
Sysco Corporation(NYSE:SYY) dropped from Russell Top 200 Growth Index	Jun. 30	CI
Sysco Corporation(NYSE:SYY) dropped from Russell Top 200 Index	Jun. 30	CI
Sysco Corporation(NYSE:SYY) added to Russell 1000 Defensive Index	Jun. 30	CI

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Company Profile

Sysco Corporation is North America no. 1 distributor of food products for food industry services and out of home catering sectors. The net sales by market break down as follows: - restaurant (62%); - restaurants (66%); - hospitals and nursing homes (9%); - schools, universities and government organizations (6%); - hotels and motels (5%); - other (14%). Net sales by family of products break down between fresh and frozen meats (19%), dry and canned products (16%), frozen fruits, vegetables and bakery products (15%), poultry (11%), dairy products (10%), fresh products (8%), paper and disposable products (8%), seafood (5%), beverages (3%) and other (5%). At the end of June 2021, the group had 326 distribution facilities worldwide. Net sales break down geographically as follows: the United States (83.1%), Canada (7.6%), the United Kingdom (3.3%), France (2.1%) and other (3.9%).

Employees

76,000

Sector

Food Retail & Distribution

Calendar

11:00am - Wells Fargo Consumer Conference

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