Sysco Corporation

SYY

US8718291078

Food Retail & Distribution

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
77.07 ^USD	0.00%		+0.44%	+5.39%

Apr. 25	Sysco Raises Quarterly Dividend to $0.51 a Share From $0.50, Payable July 26 to Stockholders of Record July 5	MT
Apr. 25	Sysco Corporation Increases Quarterly Cash Dividend, Payable on July 26, 2024	CI

Sysco Corporation Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023

January 31, 2024 at 06:07 am EST

Sysco Corporation reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 19,287.94 million compared to USD 18,593.95 million a year ago. Net income was USD 415.24 million compared to USD 141.22 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.82 compared to USD 0.28 a year ago.
For the six months, sales was USD 38,908.4 million compared to USD 37,720.78 million a year ago. Net income was USD 918.63 million compared to USD 606.78 million a year ago. Basic earnings per share from continuing operations was USD 1.82 compared to USD 1.2 a year ago. Diluted earnings per share from continuing operations was USD 1.81 compared to USD 1.19 a year ago.

Latest news about Sysco Corporation

Sysco Raises Quarterly Dividend to $0.51 a Share From $0.50, Payable July 26 to Stockholders of Record July 5	Apr. 25	MT
Sysco Corporation Increases Quarterly Cash Dividend, Payable on July 26, 2024	Apr. 25	CI
Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs	Apr. 19	RE
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

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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

77.07 USD

Average target price

87.46 USD

Spread / Average Target

+13.48%

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