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Sysco Corp (DE:SYY)
XETRA:SYY
Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.88Last Year’s EPS
0.85Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -6.39%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
Sysco's earnings call revealed solid revenue growth and notable achievements in international expansion and shareholder returns. However, challenges such as local case volume decline and external disruptions like weather and reduced U.S. restaurant traffic present ongoing obstacles. While there is positive momentum, especially in international and SYGMA sales, the balance between highlights and lowlights suggests cautious optimism.Company Guidance
During Sysco's second quarter fiscal year 2025 conference call, the company provided guidance on several key metrics, highlighting a positive trajectory for the remainder of the fiscal year. Sysco reported over $20 billion in total revenue, marking a 4.5% increase compared to fiscal 2024, driven by 1.4% growth in U.S. Foodservice volume and a moderate inflation rate of 2.1%. The International segment posted a 26.5% rise in adjusted operating income, supported by a 4.7% increase in local case growth, while SYGMA saw a 10.6% increase in sales. The company achieved an adjusted EPS of $0.93, reflecting a 4.5% growth from the previous year. Sysco anticipates continued improvements in supply chain efficiency and sales force effectiveness, projecting a full-year net sales growth of 4% to 5% and adjusted EPS growth of 6% to 7%. Additionally, Sysco plans to return over $2.25 billion to shareholders through dividends and share repurchases, reinforcing its commitment to shareholder value.Revenue Growth
Sysco delivered over $20 billion in total revenue for the quarter, a growth of 4.5% compared to the same quarter in fiscal 2024, driven by U.S. Foodservice volume growth of 1.4% and moderate inflation of 2.1%.
International Segment Performance
The International segment reported adjusted operating income growth of 26.5% and local case growth of 4.7% year-over-year, highlighting strong profit growth and operational improvements.
SYGMA Sales Increase
SYGMA's sales were up 10.6% for the quarter, contributing significantly to Sysco's top-line growth.
Shareholder Returns
Sysco announced an upsizing of its share repurchase plan to $1.25 billion for the fiscal year, with the potential for further increase depending on M&A activity, and plans to distribute $1 billion in dividends.
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DE:SYY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:SYY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | €72.75 | €69.62 | -4.30% |
| Oct 29, 2024 | €68.97 | €68.51 | -0.66% |
| Jul 30, 2024 | €66.47 | €67.64 | +1.77% |
| Apr 30, 2024 | €70.50 | €69.03 | -2.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sysco Corp (DE:SYY) report earnings?
Sysco Corp (DE:SYY) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Sysco Corp (DE:SYY) earnings time?
Sysco Corp (DE:SYY) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Sysco Corp stock?
The P/E ratio of Sysco is N/A.
What is DE:SYY EPS forecast?
DE:SYY EPS forecast for the fiscal quarter 2025 (Q2) is 0.88.
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