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Jun 29, 2024
Sysco Q4 2024 Earnings Report
Sysco's Q4 2024 financial performance reflected market share gains, profit growth, investments, and strong cash flow.
Key Takeaways
Sysco's Q4 2024 sales increased by 4.2% to $20.6 billion. EPS decreased by 14.6% to $1.23, while adjusted EPS increased by 3.7% to $1.39. The company returned over $2.2 billion to shareholders through share repurchases and dividends during the year.
Sales increased by 4.2% with U.S. Foodservice volume up 3.5% and U.S. local volumes growing 0.7%.
Gross profit increased by 4.2% to $3.8 billion.
Operating income increased by 1.2% to $977 million, with adjusted operating income up 6.4% to $1.1 billion.
EPS decreased by 14.6% to $1.23, while adjusted EPS increased by 3.7% to $1.39.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Sysco expects consistent top- and bottom-line growth built on sustainable growth, operational excellence, and a balanced capital return profile, with a compounded annual growth rate of 4%-6% for net sales, 6%-8% for adjusted EPS, and 9-11% total shareholder returns.
Positive Outlook
- Sustainable growth
- Operational excellence
- Balanced capital return profile
- Net sales growth of 4%-6%
- Adjusted EPS growth of 6%-8%
Challenges Ahead
- Risks, uncertainties, estimates, and assumptions that may cause actual results to differ materially from current expectations
- Economic trends in the United States and abroad
- Pace of implementation of business transformation initiatives
- Ability to execute balanced approach to capital allocation and rewarding shareholders
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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