Sysco reported modest revenue growth and strong international and SYGMA segment performances. However, local business volume growth remains a concern, and gross profit margins experienced a slight decline. The company is optimistic about the impact of recent strategic initiatives, including the new sales consultant compensation model, on future performance.

Company Guidance

During the first quarter earnings call for Sysco's fiscal year 2025, the company reaffirmed its full-year guidance, with several key metrics and strategic initiatives discussed. Total revenue for the quarter was reported at $20.5 billion, reflecting a 4.4% growth driven by a 2.7% increase in U.S. food service volume and moderate inflation. The adjusted operating income grew by 2.2%, and adjusted earnings per share increased by 1.9% to $1.09. Notably, the SYGMA segment experienced robust growth, with sales increasing by 7.3% and operating income by 38.5%. Sysco's international business also performed well, with a 3% increase in revenue and a 12% rise in adjusted operating income. Despite challenges in local case growth, which rose only 0.2%, the company remains optimistic about future improvement, driven by new sales consultant compensation models and strategic hiring. Sysco's gross profit margin stood at 18.3%, with a slight year-over-year decline attributed to customer mix, strategic sourcing timing, and Sysco brand penetration. The company plans to return $2 billion to shareholders through dividends and share repurchases, maintaining a strong balance sheet with a net debt leverage ratio of 2.7x. For the full fiscal year 2025, Sysco expects net sales growth of 4% to 5% and adjusted EPS growth of 6% to 7%, supported by continued investment in sales professionals, strategic sourcing, and supply chain optimization.

Revenue Growth

Total revenue of $20.5 billion, a growth of 4.4%, driven by U.S. food service volume growth of 2.7% and moderate inflation.

International Segment Performance

International segment revenue grew by 3% with an impressive 12% increase in adjusted operating income.

SYGMA Segment Success

SYGMA segment sales grew by 7.3% and operating income by 38.5%, following a reset of the customer base.

Cash Return to Shareholders

Sysco remains on target to return $2 billion back to shareholders this fiscal year through share repurchase and dividends.

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Sysco (SYY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SYY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 13, 2018	2018 (Q4)	- / 0.94	0.7	34.29% (+0.24)	―	―
Nov 05, 2018	2019 (Q1)	- / 0.91	0.74	22.97% (+0.17)	―	―
Feb 04, 2019	2019 (Q2)	- / 0.75	0.66	13.64% (+0.09)	―	―
May 06, 2019	2019 (Q3)	- / 0.79	0.67	17.91% (+0.12)	―	―
Aug 12, 2019	2019 (Q4)	- / 1.10	0.94	17.02% (+0.16)	―	―
Nov 04, 2019	2020 (Q1)	- / 0.98	0.91	7.69% (+0.07)	―	―
Feb 03, 2020	2020 (Q2)	- / 0.85	0.75	13.33% (+0.10)	―	―
May 05, 2020	2020 (Q3)	- / 0.45	0.79	-43.04% (-0.34)	―	―
Aug 11, 2020	2020 (Q4)	- / -0.29	1.1	-126.36% (-1.39)	―	―
Nov 03, 2020	2021 (Q1)	- / 0.34	0.98	-65.31% (-0.64)	―	―

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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SYY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	$74.59	$73.67	-1.23%
Jul 30, 2024	$72.28	$75.42	+4.34%
Apr 30, 2024	$75.63	$72.79	-3.76%
Jan 30, 2024	$73.16	$78.66	+7.52%

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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