Sysco Corporation

SYY

US8718291078

Food Retail & Distribution

Market Closed - Nyse Other stock markets 04:00:02 2024-04-18 pm EDT			5-day change	1st Jan Change
75.64 ^USD	+0.27%		-1.21%	+3.43%

Apr. 05	Food Distributor Share Price Pullbacks a Buying Opportunity, Deutsche Bank Says	MT
Apr. 03	Peltz loses at Disney but his investors win; changes may still be ahead	RE

Sysco Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended April 02, 2022

May 10, 2022 at 08:00 am EDT

Sysco Corporation reported earnings results for the third quarter and nine months ended April 02, 2022. For the third quarter, the company reported sales was USD 16,902.14 million compared to USD 11,824.59 million a year ago. Net income was USD 303.33 million compared to USD 88.93 million a year ago. Basic earnings per share from continuing operations was USD 0.6 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.17 a year ago.
For the nine months, sales was USD 49,678.89 million compared to USD 35,160.95 million a year ago. Net income was USD 848.78 million compared to USD 373.12 million a year ago. Basic earnings per share from continuing operations was USD 1.66 compared to USD 0.73 a year ago. Diluted earnings per share from continuing operations was USD 1.65 compared to USD 0.73 a year ago.

Latest news about Sysco Corporation

Food Distributor Share Price Pullbacks a Buying Opportunity, Deutsche Bank Says	Apr. 05	MT
Peltz loses at Disney but his investors win; changes may still be ahead	Apr. 03	RE
JPMorgan Raises Price Target on Sysco to $87 From $84, Maintains Overweight Rating	Mar. 19	MT
Sysco Insider Sold Shares Worth $321,640, According to a Recent SEC Filing	Mar. 15	MT
Skippy peanut butter maker Hormel Foods beats estimates as demand remains resilient	Feb. 29	RE
Sysco Maintains Quarterly Dividend at $0.50 Per Share, Payable April 26 to Stockholders of Record April 5	Feb. 21	MT
Sysco Corporation Declares Quarterly Cash Dividend, Payable on April 26, 2024	Feb. 21	CI
Transcript : Sysco Corporation Presents at 2024 Consumer Analyst Group of New York Conference, Feb-20-2024 02:00 PM	Feb. 20
S&P 500 Posts Fourth Consecutive Weekly Climb, Sets New Records on Stronger-Than-Expected January Jobs, Q4 Earnings	Feb. 02	MT
UBS Adjusts Sysco Price Target to $92 From $83, Maintains Buy Rating	Jan. 31	MT
BMO Capital Adjusts Sysco's Price Target to $90 From $85, Keeps Outperform Rating	Jan. 31	MT
Deutsche Bank Raises Sysco Price Target to $90 From $85, Maintains Buy Rating	Jan. 31	MT
Stephens Adjusts Sysco's Price Target to $90 From $80, Keeps Overweight Rating	Jan. 31	MT
Barclays Raises Sysco Price Target to $90 From $85, Maintains Overweight Rating	Jan. 31	MT
Sysco Corporation Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	Jan. 31	CI
Sysco Shares Rise on Higher Fiscal Q2 Adjusted Earnings, Revenue	Jan. 30	MT
Transcript : Sysco Corporation, Q2 2024 Earnings Call, Jan 30, 2024	Jan. 30
Food distributor Sysco misses Q2 sales estimates on slowing demand	Jan. 30	RE
Correction: Sysco Fiscal Q2 Adjusted Earnings, Revenue Rise; Fiscal 2024 Outlook Maintained	Jan. 30	MT
Tranche Update on Sysco Corporation's Equity Buyback Plan announced on May 20, 2021.	Jan. 30	CI
Sysco Corporation Reports Earnings Results for the Half Year Ended December 30, 2023	Jan. 30	CI
Earnings Flash (SYY) SYSCO CORPORATION Reports Q2 Revenue $19.29B, vs. Street Est of $19.32B	Jan. 30	MT
Sysco Corporation Reports Earnings Results for the Second Quarter and Six Months Ended December 30, 2023	Jan. 30	CI
Sysco Corporation Reiterates Earnings Guidance for the Fiscal Year 2024	Jan. 30	CI
North American Morning Briefing : Microsoft Kicks -2-	Jan. 30	DJ

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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%).

Sector

Food Retail & Distribution

Calendar

2024-04-30 - Q3 2024 Earnings Release

Related indices

S&P 500

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Ratings for Sysco Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

75.64 USD

Average target price

87.46 USD

Spread / Average Target

+15.63%

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