SYY Stock Recent News

Nelson Peltz (Trades, Portfolio), CEO and a founding partner of Trian Fund Management, disclosed in a regulatory filing its third-quarter 13F portfolio update, revealing that Trian reduced its positions in Ferguson PLC ( FERG , Financial) and Sysco Corp. ( SYY , Financial), two of its top-five holdings . The firm's other top holdings include Invesco Ltd.

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Sysco Corporation (NYSE:SYY ) Q1 2023 Earnings Conference Call November 1, 2022 10:00 AM ET Company Participants Kevin Kim – Vice President-Investor Relations Kevin Hourican – President and Chief Executive Officer Aaron Alt – Chief Financial Officer Neil Russell – Senior Vice President-Corporate Affairs and Chief Communications Officer Conference Call Participants Alex Slagle – Jefferies Jake Bartlett – Truist Securities Edward Kelly – Wells Fargo Lauren Silberman – Credit Suisse John Heinbockel – Guggenheim Partners Jeffrey Bernstein – Barclays John Ivankoe – JPMorgan Joshua Long – Stephens Inc. John Glass – Morgan Stanley Nicole Miller – Piper Sandler Kelly Bania – BMO Capital Mark Carden – UBS Jonathan Feeney – Consumer Edge Andrew Wolf – CL King Operator Welcome to Sysco's First Quarter Fiscal Year 2023 Conference Call. As a reminder, today's call is being recorded.

Sysco's (SYY) first-quarter fiscal 2023 results reflect gains from the Recipe for Growth plan and the company's efforts to manage cost inflation. Sales and earnings rise year over year.

Sysco's (SYY) first-quarter fiscal 2023 results are likely to reflect gains from the Recipe for Growth program and a diversified model, whereas high costs might have been a concern.

One of the two Teamsters strikes against units of food transporter and supplier Sysco Corp. has been settled, while the second is on the verge of ending. According to the Buffalo News and television station WWNY, that had not been confirmed by either the Teamsters or Sysco by publication time, the strike against the Sysco facilities in Syracuse, New York, ended earlier this week.

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HOUSTON, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its first quarter fiscal year 2023 financial results at 10 a.m. EDT on Tuesday, Nov. 1, 2022.

Sysco is a Dividend King with 52 consecutive years of dividend growth. Shares currently yield 2.74%. Sysco weathered the pandemic storm and is coming out stronger on the other side.

Sysco Corporation remains solid in its outstanding revenue growth, controlled margins, and profitability. Despite the aggressive acquisition this FY22, Sysco management provided a double-digit EPS growth outlook, which shows continued efficiency.