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Jun 27, 2020
Sysco Q4 2020 Earnings Report
Sysco's Q4 2020 financial results were significantly impacted by the COVID-19 pandemic, but the company responded by strengthening its balance sheet and adding new customers.
Key Takeaways
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.
Sales decreased 42.7% to $8.9 billion.
Gross profit decreased 47.4% to $1.6 billion; gross margin decreased 159 basis points.
Operating income decreased 173.8% to $(531.6) million; adjusted operating income decreased 104.1% to $(33.9) million.
EPS decreased $2.25 to $(1.22); adjusted EPS decreased $1.39 to $(0.29).
Sysco
Sysco
Sysco Revenue by Segment
Forward Guidance
The report does not contain specific forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income