Sysco (SYY) Benefits From Recipe for Growth Amid Cost Woes [Yahoo! Finance]
Sysco Corporation (SYY)
Last sysco corporation earnings: 2/3 08:00 am
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Source: Yahoo! Finance
It remains on track with its Recipe for Growth strategy. These upsides drove second-quarter fiscal 2024 results, with earnings and sales increasing year over year. The extensive range of product offerings, together with the proficiency of Sysco's sales team, strength of its supply chain and financial stability, position it well to achieve impressive outcomes. For fiscal 2024, management envisions sales to increase in mid-single digits to nearly $80 billion. Adjusted earnings per share are expected to rise 5-10% to the $4.20-$4.40 band in fiscal 2024. Shares of the Zacks Rank #3 (Hold) company have increased 21.6% in the past six months compared with the industry's 15.4% growth. Let's delve deeper. Image Source: Zacks Investment Research Buyouts: Major Driver Sysco is on track with prudent buyouts to grow its distribution network and customer base. In the first quarter of fiscal 2024, Sysco closed the buyout of BIX Produce, which aids its specialty produce business (FreshPo
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SYY
News
- Why Sysco (SYY) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Investing in Sysco (SYY) Ahead of Q3 Earnings: Risks & Rewards [Yahoo! Finance]Yahoo! Finance
- Sysco: Dividend King To Benefit From Increased Demand [Seeking Alpha]Seeking Alpha
- Sysco Declares Increase to Quarterly DividendGlobeNewswire
- Sysco Is Driving More Eco-Friendly Products and Innovative Solutions Globally to Reduce Plastic and Packaging WasteGlobeNewswire
SYY
Earnings
- 1/30/24 - Beat
SYY
Sec Filings
- 3/29/24 - Form 4
- 3/29/24 - Form 4
- 3/29/24 - Form 4
- SYY's page on the SEC website