SYY Earnings Prediction
The chart below shows how SYY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SYY sees a -1.99% change in stock price 10 days leading up to the earnings, and a -0.58% change 10 days following the report. On the earnings day itself, the stock moves by -0.28%. This data can give you a slight idea of what to expect for the next quarter's release.
SYY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
20.56B
4.20%
6.07%
Gross Margin
18.67%
-0.05%
0.27%
Operating Margin
5.27%
-14.59%
27.91%
Net Margin
2.98%
-19.89%
36.07%
EPS
1.23
-14.58%
44.71%
No Data Available
SYY Earnings Analysis
Sysco Corp Corporation (SYY.N) Earnings Conference Call
Positive
Q2 Revenue Growth: Sysco reported total revenue of over $20 billion for Q2, reflecting a year-over-year growth of 4.5%, driven by U.S. Foodservice volume growth of 1.4% and moderate inflation of 2.1%.
Quarterly EPS Increase: Adjusted EPS for the quarter was $0.93, marking a 4.5% increase compared to the prior year, supported by volume growth and disciplined margin management.
International Segment Income Growth: The international segment achieved a remarkable adjusted operating income growth of 26.5%, with local case growth of 4.7% year-over-year, demonstrating effective operational improvements and strategic sourcing initiatives.
Sales Volume Increase: Sysco's national sales business saw a volume increase of 4.3%, benefiting from strong customer retention and the onboarding of new national accounts, contributing positively to overall performance.
Share Repurchase and Dividends: The company announced an increase in its share repurchase plan to $1.25 billion for the fiscal year, up from $1 billion, alongside a commitment to distribute $1 billion in dividends, reflecting confidence in its financial position.
Negative
Volume Growth Decline: Local case business in the U.S. experienced a decline of 0.9%, indicating challenges in maintaining volume growth compared to the previous year.
Restaurant Foot Traffic Decline: Foot traffic to restaurants in the U.S. was down approximately 2% for Q2, reflecting ongoing struggles in the restaurant industry and impacting sales performance.
Local Market Challenges: The U.S. Foodservice local case performance, excluding the DAWN business, was down 1.9%, highlighting difficulties in the local market despite overall revenue growth.
Joint Venture Divestment Impact: The divestment of the joint venture in Mexico is expected to negatively impact international sales by approximately $500 million on an annualized basis, affecting future revenue comparisons.
EPS Growth vs. Market Challenges: Despite a 4.5% growth in adjusted EPS, the overall local case volume decline and external market pressures suggest potential headwinds for sustained growth in the upcoming quarters.
SYY FAQs
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SYY Earning Call Sentiment
Earnings call transcript: Sysco Q4 2024 sees modest EPS beat, stock dips
SYY.N
-1.33%Positive
The earnings call reflects solid financial performance with revenue and EPS growth, improved gross margins, and strong international growth. The increased share repurchase plan and dividend payments signal shareholder confidence. Despite some concerns about inflation and market challenges, management's strategic initiatives and optimistic guidance for the second half of the year suggest a positive outlook. The Q&A section did not reveal significant negative sentiment from analysts. Overall, the sentiment is positive, and the stock price is likely to see a moderate increase.
