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Dec 28, 2019
Sysco Q2 2020 Earnings Report
Sysco's financial performance in Q2 2020 was driven by improved local case growth in the U.S. Foodservice segment, especially among independent customers. While adjusted EPS aligned with expectations, operating income fell short, prompting a focus on strategic initiatives to bolster long-term performance and customer focus.
Key Takeaways
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.
Sales increased by 1.8% to $15.0 billion.
Gross profit increased by 2.0% to $2.8 billion.
Operating income increased significantly by 22.3% to $552.5 million.
Earnings per share increased to $0.74.
Sysco
Sysco
Sysco Revenue by Segment
Revenue by Segment
U.S. Foodservice Revenue
CapyFin.comInternational Foodservice Revenue
CapyFin.comSYGMA Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The company reaffirms its FY18-FY20 adjusted earnings per share guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income