Sysco Q4 2024 Earnings Report
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.
Sysco
Sysco
Sysco Revenue by Segment
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
- Growth and resilience of food away from home market
Revenue & Expenses
Visualization of income flow from segment revenue to net income