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Jul 01, 2023
Sysco Q4 2023 Earnings Report
Reported record sales, operating income, and cash flow for the fourth quarter and full year 2023.
Key Takeaways
Sysco reported a strong fourth quarter in fiscal year 2023, with sales increasing by 4.1% to $19.7 billion and EPS increasing 45.5% to $1.44. The company's gross profit increased 7.0% to $3.7 billion, driven by higher volumes and effective management of product cost inflation. Sysco returned approximately $370.9 million of capital to shareholders via share repurchases and dividends.
Sales increased 4.1% compared to the same period last year.
Gross profit increased 7.0% to $3.7 billion, compared to the same period last year.
Operating income increased 26.5% to $969.4 million, compared to the same period last year.
EPS increased 45.5% to $1.44 and adjusted EPS increased 16.5% to $1.34, compared to the same period last year.
Revenue by Segment
Forward Guidance
Sysco plans to drive continued productivity gains and expects growth to continue into fiscal 2024 and beyond, driven by strong profitability, size and scale advantages, and balance sheet health.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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