Sysco Earnings Reports

Sysco reported a 4.5% increase in sales, reaching $20.2 billion, and a 3.9% increase in gross profit to $3.7 billion. Operating income rose by 1.7% to $712 million, with adjusted operating income up 5.1% to $783 million. EPS was $0.82, while adjusted EPS increased by 4.5% to $0.93. The company reiterated its FY25 guidance, projecting sales growth of 4-5% and adjusted EPS growth of 6-7%.

Sysco reported a 4.4% increase in sales, reaching $20.5 billion, and a 1.9% increase in adjusted EPS to $1.09. The company is reiterating its FY25 guidance, projecting sales growth of 4-5% and adjusted EPS growth of 6-7%.

Sysco's Q4 2024 sales increased by 4.2% to $20.6 billion. EPS decreased by 14.6% to $1.23, while adjusted EPS increased by 3.7% to $1.39. The company returned over $2.2 billion to shareholders through share repurchases and dividends during the year.

Sysco reported a 2.7% increase in sales to $19.4 billion and a 3.8% increase in operating income to $722.0 million. EPS increased by 1.2% to $0.85, and adjusted EPS increased by 6.7% to $0.96. The company is raising its cost-out targets from $100 million to $120 million for fiscal year 2024 and remains on target to return approximately $2.25 billion back to shareholders in fiscal year 2024.

Sysco's second quarter results showed an increase in sales by 3.7% to $19.3 billion. EPS increased 192.9% to $0.82, and adjusted EPS increased 11.3% to $0.89. The company is reaffirming fiscal year 2024 guidance expectations for top- and bottom-line growth.

Sysco reported a 2.6% increase in sales, a 9.1% increase in operating income, and an 8.8% increase in EPS for the first quarter of fiscal year 2024. The company's performance was driven by volume growth, margin management, and productivity improvements. Sysco reiterated its fiscal year 2024 guidance of mid-single digit sales growth and 5% to 10% adjusted EPS growth.

Sysco reported a strong fourth quarter in fiscal year 2023, with sales increasing by 4.1% to $19.7 billion and EPS increasing 45.5% to $1.44. The company's gross profit increased 7.0% to $3.7 billion, driven by higher volumes and effective management of product cost inflation. Sysco returned approximately $370.9 million of capital to shareholders via share repurchases and dividends.

Sysco's Q3 2023 results showed strong financial performance with sales increasing by 11.7% to $18.9 billion, gross profit rising by 13.9% to $3.4 billion, and operating income increasing by 40.0% to $694.2 million. The company delivered record Q3 adjusted operating income, driven by volume growth and effective management of product cost inflation.

Sysco's Q2 2023 results showed a 13.9% increase in sales, a 15.9% increase in gross profit, and a 44.0% increase in operating income. Adjusted EPS increased by 40.4% to $0.80. The company returned over $249 million of capital to shareholders.

Sysco Corporation announced strong financial results for the first quarter of fiscal year 2023, with double-digit growth in sales and profits. The company effectively managed inflation, increased case volume, and grew market share, while continuing to invest for growth and return capital to shareholders. Sysco reaffirmed its expectations to grow adjusted EPS by 26% - 35%, to $4.09 - $4.39, and to return $1.5 billion to shareholders during fiscal year 2023.

Sysco Corporation reported strong Q4 2022 results, with sales increasing by 17.5% to $19.0 billion and EPS increasing to $0.99. The company's growth outpaced the U.S. market, driven by effective pass-through of rising product costs and continued operating income recovery for the International segment.

Sysco Corporation announced strong financial results for the third quarter of fiscal year 2022, with sales increasing by 42.9% compared to the same period last year, and adjusted EPS increasing to $0.71. The company delivered meaningful market share gains in the U.S. and International segments and raised its adjusted EPS guidance for fiscal year 2022.

Sysco's Q2 2022 results showed a significant increase in sales, driven by market share gains and effective management of product inflation. However, profitability was impacted by higher operating expenses due to the Omicron variant and labor costs. The company returned $650 million to shareholders through share repurchases and dividends, and investments in the Recipe for Growth strategy continued.

Sysco Corporation reported strong first-quarter results, with sales growth of 8% compared to 2019 levels and a 39.7% increase compared to the same period last year. The company effectively managed inflation and achieved gross profit per case increases across all segments, with international operations delivering substantial profitability. Sysco is reiterating fiscal year 2022 guidance.

Sysco Corporation reported strong fourth-quarter results, with sales increasing 82.0% compared to the same period in fiscal year 2020 and increasing 4.3% versus the same period in fiscal year 2019. The company managed inflation effectively and saw improvements in international operations. Sysco also raised its FY22 guidance.

Sysco's Q3 2021 results showed improving sales trends as markets reopen, with a 13.7% decrease versus FY20. The company is now serving more independent customers than in 2019 and reduced debt by $1.1 billion. A robust business recovery is now upon us.

Sysco's Q2 2021 results reflect the ongoing challenges posed by the COVID-19 pandemic, with sales decreasing by 23.1% to $11.6 billion and earnings per share decreasing to $0.13. Despite these challenges, the company is focused on its transformation agenda and preparing for a strong rebound as the business recovers.

Sysco reported a decrease in sales by 23.0% to $11.8 billion due to the impact of the global pandemic, but the company was able to deliver $420M of operating income and positive free cash flow. The company is focused on business transformation to accelerate profitable growth.

Sysco's Q4 2020 sales decreased by 42.7% to $8.9 billion, and EPS decreased to $(1.22). However, the company strengthened its balance sheet and added new customers amidst the COVID-19 pandemic.

Sysco's Q3 2020 results were significantly impacted by the COVID-19 pandemic. Sales decreased by 6.5% to $13.7 billion, gross profit decreased by 6.9% to $2.6 billion, and operating income saw a substantial decrease of 88.6% to $60.3 million. EPS also decreased to $(0.01). The company has taken measures to reduce costs and create new revenue streams to mitigate the impact of the crisis.

Sysco reported a 1.8% increase in sales, reaching $15.0 billion, and a 2.0% increase in gross profit to $2.8 billion. Operating income increased by 22.3% to $552.5 million, with EPS increasing to $0.74. However, adjusted operating income and EPS showed more modest increases, and operating income results fell short of expectations.