에 대한 최신 뉴스 Sysco (NYSE:SYY) 주식

Sysco

Sysco is the largest US foodservice distributor with 17% share of the highly fragmented $370 billion domestic market. It distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2024 revenue), education and government buildings (7%), travel and leisure (6%), healthcare facilities (7%), and other locations (18%) where individuals consume away-from-home meals. In fiscal 2024, 70% of the firm's revenue was derived from its US foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments contributed the rest.

Sysco Corp

SYN PROP E TECH SA S/GDR by SYN Prop e Tech SA

SYN Prop E Tech SA

Synthomer PLC

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has fallen 5.65% since its last report. The company recently reported that it has 13.80 million shares sold short, which is 3.17% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.66 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736883915_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Sysco's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sysco's peer group average for short interest as a percentage of float is 4.05%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Sysco?

BofA Securities analysts Sara Senatore and Katherine Griffin expressed their views on the restaurant industry for the year ahead 2025.
The analysts expect slow but still healthy job growth to support restaurant demand, industry pricing to moderate, and promotional activity to rise as input prices fall.
Notably, the analysts write that the industry growth in 2024 aligned with historical averages—Blackbox industry SSSG was -0.2% compared to the 2013-2019 average of -0.1%, and PCE growth was +4.9% versus the pre-COVID average of +5.1%, according to the analysts.
However, the analysts add that growth patterns were atypical, with fine dining and traditional Quickservice underperforming, while midscale and casual dining performed better.
Senatore and Griffin attribute this shift to a reversion to pre-COVID consumption behaviors and expect more typical industry trends in 2025.
The analysts maintain a Buy rating on Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) <a target="_blank" href="https://www.benzinga.com/quote/sbux/analyst-ratings" rel="noreferrer noopener">with a price forecast of $117</a>.
The analysts remain confident in the brand&#8217;s strength and the potential to reallocate resources to more productive areas.
Also, the analysts reiterated an Underperform rating on Restaurant Brands International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>), expecting reinvestment needs to <a target="_blank" href="https://www.benzinga.com/quote/qsr/analyst-ratings" rel="noreferrer noopener">constrain topline and EPS growth</a>.
Also, the analysts cut the revenue forecasts for QSR, anticipating increased competitive pressures.
On the other hand, Senatore and Griffin lowered the price forecast on Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) <a target="_blank" href="https://www.benzinga.com/quote/dnut/analyst-ratings" rel="noreferrer noopener">to $14 from $17 prior</a>.
The analysts also lowered the company&#8217;s estimates, reflecting slightly lower topline growth and higher operating expenses in the first half of 2025.
Meanwhile, the analysts maintained a price forecast of $87 for Sysco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>), and higher EBITDA estimates reflected lower operating expense assumptions.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42859415/easing-inflation-brings-hope-to-restaurants-in-2025-but-uncertainty-lingers-analyst-upgrades-shake-shack-and-dutch-bros" target="_blank" rel="noreferrer noopener">Easing Inflation Brings Hope To Restaurants In 2025 But Uncertainty Lingers: Analyst Upgrades Shake Shack And Dutch Bros</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Equities

Large Cap

News

Analyst Ratings

DNUT

SBUX

Starbucks Shines, QSR Faces Challenges: BofA's 2025 Restaurant Outlook

https://teamster.org/2025/01/sysco-teamsters-prepare-to-strike/#:~:text=(HOUSTON)%20%E2%80%93%20Over%20430%20Sysco,to%20expire%20on%20January%2017.

Contracts

Management

Teamsters Says Over 430 Sysco Drivers, Warehouse Workers, Mechanics Represented By Teamsters Local 988 Preparing To Strike For Fair Contract

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has risen 14.68% since its last report. The company recently reported that it has 14.65 million shares sold short, which is 3.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735238716_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Sysco's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sysco's peer group average for short interest as a percentage of float is 4.32%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Sysco's Recent Short Interest

<a href="https://teamster.org/2024/12/teamsters-at-sysco-houston-authorize-strike/" title="https://teamster.org/2024/12/teamsters-at-sysco-houston-authorize-strike/">https://teamster.org/2024/12/teamsters-at-sysco-houston-authorize-strike/</a>

Teamsters At Sysco Houston Authorize Strike

Beyond the strategic partnership with Sysco, Square also announced new features to help restaurants run their businesses easily and efficiently. These features are currently rolling out to sellers, with full availability in early 2025.

Square Enters New Partnership With Sysco

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has fallen 9.87% since its last report. The company recently reported that it has 12.35 million shares sold short, which is 2.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733858116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Sysco's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sysco's peer group average for short interest as a percentage of float is 4.08%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Disclosed on November 19, Sheila Talton, Director at Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Talton's recent move involves selling 2,900 shares of Sysco. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000096021/000009602124000213//Archives/edgar/data/96021/000009602124000213/0000096021-24-000213-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value is $216,427.
The latest market snapshot at Wednesday morning reveals Sysco shares down by 0.56%, trading at $73.98.
<h3>About Sysco</h3>
Sysco is the largest US foodservice distributor with 17% share of the highly fragmented $370 billion domestic market. It distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2024 revenue), education and government buildings (7%), travel and leisure (6%), healthcare facilities (7%), and other locations (18%) where individuals consume away-from-home meals. In fiscal 2024, 70% of the firm's revenue was derived from its US foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments contributed the rest.
<h3>Understanding the Numbers: Sysco's Finances</h3>
Revenue Growth: Sysco displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 4.4%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 18.32%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Sysco's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.0.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 6.08, Sysco faces challenges in effectively managing its debt levels, indicating potential financial strain.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 19.13 is lower than the industry average, implying a discounted valuation for Sysco's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 0.47, Sysco's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 11.7 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000096021">Check Out The Full List Of Sysco's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Sysco Director Sold $216K In Company Stock

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has fallen 15.52% since its last report. The company recently reported that it has 13.89 million shares sold short, which is 2.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730914223_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Sysco's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sysco's peer group average for short interest as a percentage of float is 4.32%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

<a href="https://teamster.org/2024/11/sysco-sygma-drivers-vote-overwhelmingly-to-join-teamsters/#:~:text=(KANSAS%20CITY%2C%20Mo.),goods%20to%20major%20chain%20restaurants.">https://teamster.org/2024/11/sysco-sygma-drivers-vote-overwhelmingly-to-join-teamsters/#:~:text=(KANSAS%20CITY%2C%20Mo.),goods%20to%20major%20chain%20restaurants.</a>
&nbsp;
Despite shameful union-busting tactics, more than 60 delivery drivers at Sysco/SYGMA have voted overwhelmingly to join Teamsters Local 955 in Kansas City. SYGMA is a subsidiary of Sysco that supplies food and other goods to major chain restaurants.
"We stood tall against management and their attempts to scheme, retaliate, and spread misleading information," said Jeremy Johnson, a driver at Sysco/SYGMA and a new member of Local 955. "They engaged in unfair labor practices, abandoned ethical standards, and relentlessly bombarded us with propaganda through text messages. They even resorted to sending intimidating fliers to our homes and hired union-busting professionals at $281 an hour to deceive and harass us daily. This was no minor challenge to overcome, yet we persevered."
Drivers at Sysco/SGYMA in Kansas City join warehouse workers from the same facility already represented by Local 955. Earlier this month, Sysco forced these <a href="https://teamster.org/2024/10/sysco-sygma-teamsters-in-kansas-city-forced-on-strike/">workers on strike</a> after failing to present an acceptable contract offer. The one-day strike resulted in a <a href="https://teamster.org/2024/10/sysco-sygma-teamsters-unanimously-ratify-new-contract/">unanimously ratified</a> contract.
"We look forward to helping our newest members negotiate the strongest possible contract, which they rightfully deserve," said Jerry D. Wood, President of Local 955. "The behavior Sysco displayed towards these workers was simply unacceptable. I commend our members for overcoming the company's shameful tactics and welcome them to Local 955."
Nationwide, the Teamsters represent more than 10,000 workers at Sysco and its subsidiaries. In recent years, corporate greed and a blatant disregard for workers' rights have led to multiple high-profile labor disputes with the company.
"Once again, Sysco management has skirted the law and shown outright contempt towards workers for exercising their legal right to join the Teamsters," said Tom Erickson, Director of the Teamsters Warehouse Division and Central Region International Vice President. "Sysco's dirty tricks and expensive consultants can't hide the fact that the only way to achieve true job security and better working conditions is by organizing with the Teamsters."

Sysco/SYGMA Drivers Vote Overwhelmingly To Join Teamsters; More Than 60 Drivers Join Teamsters Local 955, Prepare For Contract Negotiations

Wells Fargo analyst Edward Kelly maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Overweight and lowers the price target from $87 to $82.

Price Target

Wells Fargo Maintains Overweight on Sysco, Lowers Price Target to $82

Sysco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) shares<a href="https://benzinga.com/pressreleases/24/10/g41596553/sysco-reports-first-quarter-fiscal-year-2025-results" target="_blank" rel="noreferrer noopener"> are trading higher on Tuesday.</a>
The company reported first quarter adjusted earnings per share of $1.09, missing the street view of $1.13. Quarterly sales of $20.50 billion beat the analyst consensus of $20.463 billion.
Sales rose by 4.4%, while U.S. Foodservice volume increased by 2.7%.
Operating income increased modestly by 0.5% to $808 million, and adjusted operating income rose by 2.2% to $873 million.
Gross profit increased 2.9% to $3.8 billion, while gross margin decreased 27 basis points to 18.3%. Product cost inflation was 2.2% at the total enterprise level, as measured by the estimated change in Sysco&#8217;s product costs, primarily in the poultry and dairy categories.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41597492/mcdonalds-q3-earnings-revenue-and-profit-beat-global-comp-sales-dip-no-mention-of-e-coli-impact" rel="noreferrer noopener">McDonald&#8217;s Q3 Earnings: Revenue And Profit Beat, Global Comp Sales Dip, No Mention Of E.coli Impact</a>
&#8220;International remains a growth vector, which delivered an 8.6% increase in operating income and a 12.1% increase in adjusted operating income for the quarter, and specialty continues to win in the marketplace, with total team selling continuing to pick up pace and momentum,&#8221; said Kevin Hourican, Sysco&#8217;s chair of the board and chief executive officer.
As of the end of the quarter, the company had a cash balance of $733 million.
The company reiterated its FY25 outlook.
&#8220;First quarter results included an improved exit rate during the month of September and a strong pipeline of investments and initiatives, adding to our confidence in our full year guidance of sales growth of 4%-5% and adjusted EPS growth of 6%-7%,&#8221; said Kenny Cheung, Sysco&#8217;s chief financial officer.
Price Action: SYY shares are trading higher by 0.3% to $75.35 at last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41591063/apple-will-be-the-first-to-hit-4-trillion-market-cap-milestone-says-dan-ives-as-hundreds-of-apps" target="_blank" rel="noreferrer noopener">Apple ‘Will Be The First To Hit' $4 Trillion Market Cap Milestone, Says Dan Ives As Hundreds Of Apps Will Be Built On AI Feature</a></li>
</ul>
Photo: JHVEPhoto/Shutterstock.com

Earnings

Guidance

Markets

Movers

General

Sysco Shares Rise As Q1 Sales Beat Offsets Lower-Than-Expected Earnings

Sysco Reiterates FY25 Guidance

Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) reported quarterly earnings of $1.09 per share which missed the analyst consensus estimate of $1.13 by 3.54 percent. The company reported quarterly sales of $20.500 billion which beat the analyst consensus estimate of $20.463 billion by 0.18 percent. This is a 4.49 percent increase over sales of $19.620 billion the same period last year.

Earnings Beats

Earnings Misses

Sysco Q1 2025 Adj. EPS $1.09 Misses $1.13 Estimate, Sales $20.500B Beat $20.463B Estimate

Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.
Analysts estimate that Sysco will report an earnings per share (EPS) of $1.13. 
The announcement from Sysco is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Overview of Past Earnings</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 0.27% increase in the share price the next day.
Here's a look at Sysco's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.38</td>
<td>0.95</td>
<td>0.88</td>
<td>1.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.39</td>
<td>0.96</td>
<td>0.89</td>
<td>1.07</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-2.0%</td>
<td>0.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730134944_0.png" alt="eps graph" />
<h3>Market Performance of Sysco's Stock</h3>
Shares of Sysco were trading at $73.92 as of October 25. Over the last 52-week period, shares are up 13.01%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Views on Sysco</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Sysco.
A total of 3 analyst ratings have been received for Sysco, with the consensus rating being Outperform. The average one-year price target stands at $89.33, suggesting a potential 20.85% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
The analysis below examines the analyst ratings and average 1-year price targets of US Foods Hldg, Performance Food Gr and Chefs' Warehouse, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>US Foods Hldg received a Buy consensus from analysts, with an average 1-year price target of $69.8, implying a potential 5.57% downside.</li>
<li>Analysts currently favor an Outperform trajectory for Performance Food Gr, with an average 1-year price target of $90.3, suggesting a potential 22.16% upside.</li>
<li>The consensus outlook from analysts is an Buy trajectory for Chefs' Warehouse, with an average 1-year price target of $53.0, indicating a potential 28.3% downside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for US Foods Hldg, Performance Food Gr and Chefs' Warehouse, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sysco</td>
<td>Outperform</td>
<td>4.19%</td>
<td>$3.84B</td>
<td>30.89%</td>
</tr>
<tr>
<td>US Foods Hldg</td>
<td>Buy</td>
<td>7.72%</td>
<td>$1.71B</td>
<td>4.03%</td>
</tr>
<tr>
<td>Performance Food Gr</td>
<td>Outperform</td>
<td>2.18%</td>
<td>$1.75B</td>
<td>4.12%</td>
</tr>
<tr>
<td>Chefs' Warehouse</td>
<td>Buy</td>
<td>8.27%</td>
<td>$229.00M</td>
<td>3.41%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Sysco ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Unveiling the Story Behind Sysco</h3>
Sysco is the largest US foodservice distributor with 17% share of the highly fragmented $370 billion domestic market. It distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2024 revenue), education and government buildings (7%), travel and leisure (6%), healthcare facilities (7%), and other locations (18%) where individuals consume away-from-home meals. In fiscal 2024, 70% of the firm's revenue was derived from its US foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments contributed the rest.
<h3>Key Indicators: Sysco's Financial Health</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Sysco's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.19% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Staples sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 2.98%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 30.89%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Sysco's ROA stands out, surpassing industry averages. With an impressive ROA of 2.46%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 6.96, Sysco faces challenges in effectively managing its debt levels, indicating potential financial strain.
<a href="https://www.benzinga.com/quote/SYY/earnings">To track all earnings releases for Sysco visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Sysco

Sysco's Spokesperson Comments In Emailed Statement Says Sysco Informed Some Customers About Taylor Farms Onion Recall

SYGMA Kansas City is pleased that our warehouse colleagues—represented by the International Brotherhood of Teamsters Local 955—have ratified a new collective bargaining agreement, ending the strike that began just 24 hours ago. &nbsp;
We urge the Teamsters to always resolve issues at the negotiating table so we can avoid situations like this which are disruptive to our colleagues, their families, our communities, and our customers.

SYGMA Kansas City Warehouse Colleagues Ratify Agreement Reached With The International Brotherhood Of Teamsters Local 955, Return To Work After Just 24 Hours

<a href="https://teamster.org/2024/10/sysco-sygma-teamsters-in-kansas-city-forced-on-strike/" title="https://teamster.org/2024/10/sysco-sygma-teamsters-in-kansas-city-forced-on-strike/">https://teamster.org/2024/10/sysco-sygma-teamsters-in-kansas-city-forced-on-strike/</a>

'Warehouse Workers At Sysco/Sygma In Kansas City Have Been Forced On Strike Over Co's Unfair Labor Practices, Failed Bargaining Agreement' - Teamsters

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/10/11/final-trades-delta-air-lines-sysco-and-gxo-logistics-inc.html">Halftime Report Final Trades</a>,&#8221; Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) <a href="https://www.benzinga.com/news/earnings/24/10/41270201/deltas-turbulent-q3-mixed-results-and-tech-troubles-cloud-holiday-outlook">as his final trade.</a>
On Oct. 10, Delta Air Lines reported mixed third-quarter results. Delta reported third-quarter operating revenue growth of 1% year-over-year to $15.677 billion, beating the consensus of $14.674 billion. Adjusted operating revenue was $14.594 billion (almost flat YoY). Adjusted average fuel price of $2.53 per gallon, down 9% from last year's quarter. Adjusted EPS was $1.50 (-26% YoY), missing the consensus of $1.52.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC named Sysco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>).
Sysco is scheduled to host a conference call and webcast to discuss its first quarter fiscal year 2025 financial results on Tuesday, Oct. 29. Analysts expect the company to report quarterly earnings at $1.13 per share, up from $1.07 per share in the year-ago period. The company projects to report quarterly revenue of $20.47 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Stephen L. Weiss of Short Hills Capital Partners named GXO Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>).
On Oct. 9, Citigroup analyst Ariel Rosa initiated coverage on GXO Logistics with a Buy rating and announced a price target of $60.
Price Action:
<ul>
<li>Delta Air gained 2.1% to close at $51.33 during Friday's session.</li>
<li>Sysco shares rose 0.8% to settle at $74.42 on Friday.</li>
<li>GXO Logistics shares gained 6.7% to settle at $61.98 on Friday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41308141/this-analyst-with-85-accuracy-rate-sees-around-20-upside-in-amd-here-are-5-stock-picks-for-last-week">This Analyst With 85% Accuracy Rate Sees Around 20% Upside In AMD &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

Delta Air, Sysco And An Industrial Stock On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Delta Air Lines, Sysco, GXO Logistics

Advantage Solutions (ADV) announced the appointment of George Johnson as chief workforce operations officer, effective Dec. 31. Johnson will join t...

Advantage Solutions names George Johnson as chief workforce operations officer

KNG: Uncompelling Buy-Write ETF

Barclays analyst Jeff Bernstein maintained a Buy rating on Sysco (SYY – Research Report) today and set a price target of $93.00. The company's shar...

Barclays Keeps Their Buy Rating on Sysco (SYY)

Innovative food companies are leveraging technology to create healthier, more sustainable food options. Against this backdrop, investors could look to buy fundamentally strong innovative food stocks such as Tyson Foods (TSN), Sysco (SYY), and Ingredion (INGR). Read more… Innovative food companies are reshaping the nutrition landscape by addressing modern consumer demands for healthier, sustainable, and convenient options. From plant-based alternatives to lab-grown meats, these advancements aim to reduce environmental impact while catering to health-conscious consumers.
Amid this backdrop, it might be wise to consider investing in three innovative food companies that cater to health-conscious consumers: Tyson Foods, Inc. (<a href="https://stocknews.com/stock/TSN/">TSN</a>), Sysco Corporation (<a href="https://stocknews.com/stock/SYY/">SYY</a>), and Ingredion Incorporated (<a href="https://stocknews.com/stock/INGR/">INGR</a>) for potential gains.
The modern <a href="https://tastewise.io/blog/consumer-healthy-eating-trends">consumer is increasingly prioritizing health, sustainability, and transparency</a>. Innovative food companies are responding by offering clean-label products, reducing sugar and sodium content, and using eco-friendly packaging.
Consumers are becoming mindful of their dietary choices, leading to an increase in demand that has resulted in job creation and economic growth, benefiting both the local and global economy. This alignment with consumer values is a major driver of growth in the sector.
Moreover, technology is a critical enabler in this transformation as well. Advanced food processing techniques, artificial intelligence, and biotechnology are helping companies create products that are not only nutritious but also <a href="https://flovisionsolutions.com/resources/revolutionizing-sustainable-food-production-with-food-technology-and-quality-control/">enhancing sustainability and reducing environmental impact</a>. Through improved yield, reduced waste, enhanced quality control, and greater resource efficiency, technology is helping producers embrace a more sustainable and efficient future.
According to Statista, revenue in the food market for the United States is projected to reach $864 billion in 2025 and <a href="https://www.statista.com/outlook/cmo/food/united-states">grow at a CAGR of 4.1%</a> until 2029. The future of nutrition lies in personalized and functional foods that cater to individual health goals.
Given this favorable backdrop, let's take a closer look at the fundamentals of the three featured <a href="https://stocknews.com/category/food-makers/">Food Makers</a> stocks, beginning with the third choice.
Stock #3: Tyson Foods, Inc. (<a href="https://stocknews.com/stock/TSN/">TSN</a>)
TSN is a global food company and has a portfolio of iconic products and brands, including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells, and ibp. The company operates through four segments: Beef; Pork; Chicken; and Prepared Foods.
On November 8, buoyed by strong financial performance, the company declared its quarterly dividend of $0.50 per share to its shareholders, payable on March 14, 2025, to shareholders of record on February 28, 2025.
TSN pays an annual dividend of $2, which translates to a yield of 3.52% at the current share price. Its four-year average dividend yield is 2.88%. Moreover, the company's dividend payouts have increased at an impressive CAGR of 4.9% over the past five years.
In the fiscal fourth quarter that ended on September 28, 2024, TSN's sales increased marginally year-over-year to $13.57 billion. Its operating income came in at $364 million compared to the year-ago net loss of $443 million. TSN's non-GAAP <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> stood at $329 billion, up 147.4% year-over-year, while its non-GAAP EPS grew 148.6% from the year-ago value to $0.92.
Street expects TSN's revenue for the fiscal first quarter (ended December 2024) to increase marginally year-over-year to $13.50 billion. Its EPS for the same period is expected to register a 25.4% growth from the prior year, settling at $0.87. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is promising.
The stock has gained 3.2% over the past year to close the last trading session at $56.66.
TSN's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
TSN has an A grade for Growth and a B for Value. It is ranked #16 out of the 74 stocks in the B-rated <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry. <a href="https://stocknews.com/stock/TSN/">Click here</a> to see the additional ratings for TSN (Momentum, Stability, Sentiment, and Quality).
Stock #2: Sysco Corporation (<a href="https://stocknews.com/stock/SYY/">SYY</a>)
SYY sells, markets, and distributes food products to restaurants, healthcare and educational facilities, lodging establishments, and other customers who prepare meals away from home globally. It operates through four segments: U.S. Foodservice Operations; International Foodservice Operations; SYGMA; and Other.
On December 18, SYY announced a new partnership with Square to help restaurants of all sizes succeed and work smarter through powerful technology. This partnership allows customers to receive a compelling processing fee rebate and hardware credits when enrolling through SYY, which will save the business time with its easy-to-use technology.
On November 15, demonstrating its commitment to returning value to shareholders, the company announced a quarterly dividend of $0.51 per share, payable to its shareholders on January 24, 2025. SYY pays an annual dividend of $2.04 per share, which translates to a yield of 2.73% on the prevailing share price. The company's dividend payouts have increased at an impressive CAGR of 4.6 % over the past five years. Also, its four-year average dividend yield is 2.50%. 
For the fiscal 2025 first quarter that ended on September 28, 2024, SYY's sales increased 4.4% year-over-year to $20.48 billion. The company's non-GAAP operating income rose 2.2% from the prior year's quarter to $873 million. SYY's non-GAAP net earnings came in at $540 million, and its non-GAAP EPS grew marginally from the year-ago value to $1.39.
Analysts expect SYY's revenue for the second quarter (ended December 2024) to increase 4.3% year-over-year to $20.11 billion, while its EPS for the same quarter is expected to grow 3.7% from the prior year to $0.92. Moreover, the company has surpassed the consensus EPS estimates in three of the trailing four quarters.
SYY shares have surged 8% over the past six months to close the last trading session at $75.34.
SYY's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Value and Stability. Within the same B-rated industry, it is ranked #12 out of 74 stocks. <a href="https://stocknews.com/stock/SYY/">Click here</a> to see SYY's ratings for Growth, Momentum, Sentiment, and Quality.
Stock #1: Ingredion Incorporated (<a href="https://stocknews.com/stock/INGR/">INGR</a>)
INGR is a leading provider of ingredient solutions for food, beverage, and industrial applications that manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn and other starch-based materials to a range of industries internationally.
On December 13, the company announced a quarterly dividend of $0.80 per share, payable to its shareholders on January 21, 2025. TSN pays an annual dividend of $3.20 per share, which translates to a yield of 2.39% on the prevailing share price. The company's dividend payouts have increased at an impressive CAGR of 6.9% over the past three years. Also, its four-year average dividend yield is 2.75%. 
On November 14, INGR announced a new long-term collaboration with Lantmännen, an agricultural cooperative and Northern Europe's leading player in agriculture, bioenergy, food, and ingredients, to accelerate the development of high-quality plant-based proteins in the European market. This strategic partnership will help INGR to expand its global footprint in the European market.
During the third quarter that ended on September 30, INGR's net sales amounted to $1.87 billion. It posted a gross profit of $479 million, indicating a 13.8% increase from the prior-year quarter.
The company's non-GAAP operating income rose 28.8% from the year-ago value to $282 million. In addition, INGR's attributable non-GAAP net income stood at $203 million, up 30.1% year-over-year, while its non-GAAP earnings per share grew 30.9% from the year-ago value to $3.05.
The consensus revenue estimate of $1.96 billion for the fiscal first quarter (ending March 2025) represents a 4.2% increase year-over-year. The consensus EPS estimate of $2.66 for the same quarter indicates a 27.9% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
Over the past year, the stock has surged 26.5%, closing the last trading session at $134.62.
INGR's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
INGR has a B grade for Value, Sentiment, and Quality. It is ranked #2 in the Food Makers industry. <a href="https://stocknews.com/stock/INGR/">Click here</a> to see the additional ratings for INGR (Growth, Momentum, and Stability).
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
SYY shares were trading at $74.50 per share on Tuesday afternoon, down $0.24 (-0.32%). Year-to-date, SYY has declined -1.90%, versus a 0.29% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/syy-tsn-ingr-3-innovative-food-companies-reinventing-nutrition/>3 Innovative Food Companies Reinventing Nutrition</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Innovative Food Companies Reinventing Nutrition

Heartland Mid Cap Value Fund Q4 2024 Commentary

Over 430 Sysco (SYY) drivers, warehouse workers, and mechanics represented by Teamsters Local 988 are preparing to strike for a fair contract after...

Sysco Teamsters say preparing to strike

Investors looking for passive income should consider dividend growth stocks.

Get Raises For Doing Almost Nothing With Dividend Stocks

The food and beverage industry is expected to witness significant growth, driven by changing consumer preferences amid rising health awareness and consciousness, propelling the market's growth. Thus, investors could consider buying solid food and beverage stocks PepsiCo (PEP), Sysco (SYY), and US Foods Holding (USFD) to enhance their portfolios this year. Read more... Given the stable demand for products in the food and beverage industry, coupled with the rising disposable income of individuals and rapid technological advancements, the food and beverage industry is well-positioned for robust profitability and expansion.
Given the encouraging background, sound food and beverage stocks PepsiCo, Inc. (<a href="https://stocknews.com/stock/PEP/">PEP</a>), Sysco Corporation (<a href="https://stocknews.com/stock/SYY/">SYY</a>), and US Foods Holding Corp. (<a href="https://stocknews.com/stock/USFD/">USFD</a>) could be ideal portfolio additions for substantial returns.
The food &amp; beverage market is thriving currently, as observed by the evolving consumer preferences and digital transformation. Consumers are leaning towards health-conscious choices and adopting low-sugar, low-calorie, and plant-based diets, insisting companies expand their variety and alternates.
Also, rapid digitalization and technological advancements, which are transforming aspects like online ordering systems, payments, diet plans, and helping farmers with operational efficiency, are accelerating the food market's growth.
The global food and beverages market is projected to reach around $7.40 trillion in 2025 and is poised to exhibit growth at a <a href="https://www.thebusinessresearchcompany.com/report/food-and-beverages-global-market-report#:~:text=The%20food%20and%20beverages%20market%20size%20has%20grown,a%20compound%20annual%20growth%20rate%20%28CAGR%29%20of%206.4%25.">CAGR of 6.2%</a>, resulting in a market value of $9.42 trillion by 2029. The strong market growth is propelled by growing internet penetration, increasing smartphone users, rapid urbanization, and rising disposable income.
Also, the increasing number of <a href="https://www.globalsources.com/knowledge/food-processing-industry-trends/">environmentally conscious consumers</a> is driving sustainability and environmental protection practices across the food and beverages market, resulting in environmentally friendly packaging and attempts towards reducing food wastage.
Considering the industry's strong prospects, investing in fundamentally sound food and beverage stocks like PEP, SYY, and USFD may be prudent.
PepsiCo, Inc. (<a href="https://stocknews.com/stock/PEP/">PEP</a>)
PEP manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. It operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East, and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
On November 22, 2024, PEP acquired the remaining 50% interest in Sabra Dipping Company, LLC and PepsiCo-Strauss Fresh Dips &amp; Spreads International GmbH. With the agreement, PEP became the sole owner of the companies. The acquisition expanded PEP's positive choice portfolio.
It will also enable the company to accelerate innovation in refrigerated fresh dips and spreads to meet the surging consumer demand.
Also, on October 1, 2024, PEP entered a definitive agreement to acquire Garza Food Ventures LLC, dba Siete Foods, for $1.2 billion. The addition of an authentic Mexican-American brand through this strategic acquisition complements PEP's portfolio. It will expand the company's operations and allow it to build a multicultural portfolio.
PEP reported net revenue of $23.32 billion during the third quarter that ended September 7, 2024. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%20is%20the%20income,have%20been%20removed%20from%20revenue.">gross profit</a> grew 1.1% from the year-ago value to $12.92 billion. The company's net income attributable to PepsiCo amounted to $2.93 billion and $2.13 per common share for the period.
In addition, as of September 7, 2024, the company's cash and cash equivalents and total assets stood at $7.31 billion and $100.51 billion.
Street expects PEP's revenue and EPS for the fourth quarter (ended December 2024) to grow marginally and 9.3% year-over-year to $27.97 billion and $1.95, respectively. Moreover, the company topped the consensus EPS estimate in three of the trailing four quarters.
The stock has declined 9.6% over the past month to close the last trading session at $142.64.
PEP's solid prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Quality and a B grade for Growth. Within the <a href="https://stocknews.com/category/beverages/">Beverages</a> industry, PEP is ranked #10 among 31 stocks.
<a href="https://stocknews.com/stock/PEP/">Click here</a> to access additional ratings of PEP for Value, Momentum, Stability, and Sentiment.
Sysco Corporation (<a href="https://stocknews.com/stock/SYY/">SYY</a>)
SYY engages in the marketing and distribution of various food and related products to the food service or food-away-from-home industry internationally. The company operates in U.S. Foodservice Operations; International Foodservice Operations; SYGMA; and Other segments.
On December 18, SYY announced a new partnership with Square to assist restaurants of all sizes to succeed and work smarter by leveraging powerful technology. The collaboration will allow SYY's customers to receive a compelling processing fee rebate and hardware credits when enrolling through Sysco.
On October 14, SYY introduced 19 innovative, labor-saving concepts nationwide, made available exclusively for SYY customers through its Cutting Edge Solutions platform. The offered solutions enhanced efficiency and increased creativity.
For the first quarter that ended September 28, 2024, SYY's sales grew 4.4% year-over-year to $20.48 billion. The company's non-GAAP gross profit increased 2.7% from the year-ago value to $3.75 billion. Its non-GAAP operating income came in at $873 million, up 2.2% from the previous year's quarter.
Furthermore, the company's net earnings stood at $540 million and $1.09 per share for the quarter. Also, its adjusted EBITDA increased 4.4% from the prior-year quarter to $1.07 billion.
Street expects SYY's revenue for the second quarter (ended December 2024) to increase 4.3% year-over-year to $20.11 billion. The company's EPS for the same period is expected to grow 3.7% from the prior year's quarter to $0.92. Moreover, it has topped the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, SYY's stock has gained 5.7% to close the last trading session at $73.59.
SYY's POWR Ratings reflect bright prospects. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
SYY has a B grade for Value and Stability. It is ranked #11 among 75 stocks within the B-rated <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry.
To see the other SYY ratings for Growth, Momentum, Quality, and Sentiment, <a href="https://stocknews.com/stock/SYY/">click here</a>.
US Foods Holding Corp. (<a href="https://stocknews.com/stock/USFD/">USFD</a>)
USFD engages in the marketing, selling, and distributing of fresh, frozen, and dry food and non-food products to food service customers. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels, and motels.
On January 13, USFD reaffirmed its fiscal year 2024 guidance announced earlier. According to the outlook, USFD expects net sales of $37.70 billion to $38 billion. The company's adjusted EBITDA is expected between $1.72 billion and $1.74 billion, and its adjusted EPS is set to be $3.05 - $3.15.
During the third quarter that ended September 28, 2024, USFD's net sales increased 6.8% year-over-year to $9.73 billion. Its gross profit grew 8.1% from the year-ago value to $1.67 billion. Also, the company's operating income of $279 million indicates growth of 21.3% from the prior-year period.
Furthermore, the company's net income was $148 million or $0.61 per share, up 55.8% and 60.5% from the prior year's quarter, respectively.
For the fourth quarter ended December 2024, the company's revenue is expected to grow 6.2% year-over-year to $9.49 billion. Similarly, analysts expect USFD's EPS for the same quarter to increase 25.4% year-over-year to $0.80. Similarly, the company topped the consensus revenue estimates in all of the trailing four quarters.
Shares of USFD have surged 34.1% over the past six months and 45% over the past year to close the last trading session at $67.35.
USFD's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
USFD has a B grade for Stability, Sentiment, Growth, and Value. It is ranked #4 out of 75 stocks in the B-rated Food Makers industry.
In addition to the POWR Ratings we've stated above, we also have USFD ratings for Momentum and Quality. Get all USFD ratings <a href="https://stocknews.com/stock/USFD/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
PEP shares rose $0.21 (+0.15%) in after-hours trading Monday. Year-to-date, PEP has declined -4.97%, versus a -0.80% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/pep-syy-usfd-3-food-beverage-stocks-to-savor-in-your-portfolio/>3 Food & Beverage Stocks to Savor in Your Portfolio</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Comments

Sysco

뉴스

에 대한 최신 뉴스 Sysco (NYSE:SYY) 주식

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌