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Jul 03, 2021
Sysco Q4 2021 Earnings Report
Sysco's fourth quarter results were strong, driven by market share gains and rebounding industry demand.
Key Takeaways
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.
Sales were stronger than expected.
Share gains continue, driven by new customer wins.
Sysco’s Recipe for Growth strategy advances.
International operations show profit improvement.
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 raises FY22 EPS guidance to $3.33 to $3.53.
Positive Outlook
- Improving international financials
- Installation of new pricing systems nationally
- Ability to accelerate profitable growth
- Ability to grow faster than the total market
- Commitments to add new leadership in international markets and enhanced strategies to boost performance
Challenges Ahead
- Risks of interruption of supplies due to lack of long-term contracts
- Severe weather and crop conditions
- Work stoppages and intense competition
- Technology disruptions and dependence on large, long-term regional and national customers
- Inflation risks and the impact of fuel prices
Revenue & Expenses
Visualization of income flow from segment revenue to net income