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Apr 02, 2022
Sysco Q3 2022 Earnings Report
Sysco's Q3 2022 performance reflected strong top-line improvements and accelerating market share gains, driven by the Recipe for Growth strategy and effective cost management.
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
Revenue by Segment
U.S. Foodservice Revenue
CapyFin.comInternational Foodservice Revenue
CapyFin.comSYGMA Revenue
CapyFin.comOther Revenue
CapyFin.com 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