Sysco Corp is a leading global distributor of food products and supplies, primarily serving the food service industry, which includes restaurants, healthcare facilities, schools, and other institutional customers
The company offers a comprehensive range of products, including fresh and frozen foods, meats, seafood, produce, as well as non-food items like kitchen equipment and cleaning supplies. Sysco focuses on providing innovative solutions and personalized services to help its clients succeed, ensuring they receive high-quality products and reliable delivery. With a vast network of distribution centers and a strong presence in various markets, Sysco plays a critical role in the food supply chain, supporting its customers' operational needs and enhancing their dining experiences.
Sysco Corp's second-quarter earnings showed slight misses in adjusted EBITDA, totaling $969 million, and a minor decline in case growth for US Foodservice. Despite challenges, a lower tax rate contributed to EPS of $0.93.
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BofA analysts expect moderate growth in the restaurant industry in 2025, with certain shifts due to post-Covid behaviors. Starbucks and Sysco receive positive ratings, while Restaurant Brands and Krispy Kreme see downgrades.
Sysco Corp (NYSESYY) Q1 results show sales of $20.50B, up 4.4%, but earnings per share miss expectations. Cash balance at $733M, FY25 outlook reiterated.
Two weeks ago we turned to a more bullish stance, which has proved to be correct, though we still await the explosive movement out of these consolidations.
