Sysco Q3 2022 Earnings Report
Key Takeaways
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.
Robust consumer and customer away-from-home demand in late February and March.
Meaningful market share gains in the U.S. and International Segments based on Sysco’s Recipe for Growth strategy.
U.S. Broadline volume up 18.8% versus the same period in fiscal year 2021.
Growing gross profit per case across all segments, reflecting successful efforts to manage product and fuel inflation.
Sysco
Sysco
Sysco Revenue by Segment
Forward Guidance
Sysco raised its adjusted EPS guidance for fiscal year 2022 from $3.00-$3.10 to $3.16-$3.26.
Revenue & Expenses
Visualization of income flow from segment revenue to net income