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Sysco (SYY) is focused on its Recipe for Growth plans. The company is on track with prudent buyouts to grow its distribution network and customer base.
Sysco (SYY) is focused on its Recipe for Growth, which includes enhancing customers' experience via digital tools. Management is on track with prudent buyouts to grow its distribution network.
Sysco Corporation has lagged behind the overall market but is expected to see upside with improving volume trends and recovered margins since COVID-19. The company offers a reliable dividend with a yield of 2.6% and a payout ratio of 47%. Sysco's recent financial results led to a 7.5% jump in stock price, and the author's valuation suggests a potential 25% increase from the current price.
Sysco (SYY) is progressing well with its Recipe for Growth plan. The company is focused on enhancing efficiency through supply-chain productivity and structural cost-containment efforts.
After reaching an important support level, Sysco (SYY) could be a good stock pick from a technical perspective. SYY surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
Shares of Sysco Corp. (SYY) were sharply higher in early afternoon trading Tuesday after the biggest food distributor to restaurants in the U.S. posted better-than-expected profit on higher volumes and positive operating leverage.
Sysco's (SYY) second-quarter results reflect higher sales and earnings on improvements in volume growth, supply chain productivity and efficient implementation of structural cost-cut action.
Sysco Corporation (SYY) Q2 2024 Earnings Call Transcript
Although the revenue and EPS for Sysco (SYY) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Sysco (SYY) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.80 per share a year ago.