Sysco (SYY) Q3 Earnings Beat Estimates, Revenues Increase Y/Y [Yahoo! Finance]
Sysco Corporation (SYY)
Last sysco corporation earnings: 2/3 08:00 am
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Source: Yahoo! Finance
Sysco Corporation SYY came out with impressive third-quarter fiscal 2024 results, wherein the top and bottom lines grew year over year, and earnings surpassed the Zacks Consensus Estimate. The company witnessed positive operating leverage for the sixth straight quarter, driven by a faster expansion in the gross profit compared to operating expenses. Management undertook proactive measures to address both variable and structural operating costs, leading to a raised cost-out goal for fiscal 2024. The company targets cost savings of $120 million now compared with the $100 million expected earlier. Apart from this, management remains on track with a balanced capital allocation approach, emphasizing investments in the business while rewarding shareholders. This is also evident from the company's recently unveiled dividend hike. For fiscal 2024, management continues to envision adjusted earnings per share or EPS growth of 5-10% to the $4.20-$4.40 band. Quarter in Detail Sysco's adj
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SYY
News
- Sysco Celebrates Grand Opening of New State-of-the-Art Distribution and Culinary Center [Yahoo! Finance]Yahoo! Finance
- Sysco Celebrates Grand Opening of New State-of-the-Art Distribution and Culinary CenterGlobeNewswire
- Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Here's Why Sysco (SYY) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
- Why Sysco (SYY) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
SYY
Earnings
- 4/30/24 - Beat
SYY
Sec Filings
- 5/1/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/30/24 - Form 8-K
- SYY's page on the SEC website