SYY Stock Recent News
SYY LATEST HEADLINES
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.
The new market cycle is getting underway, and some investors – maybe even yourself – are getting carried away by the bullish media and the market's all-time high prices today. Far from sounding like a hurt bear, there are reasons why you may want to take some profits off the table and consider more ‘defensive' names, characterized by their immunity to the business cycle.
Sysco's (SYY) second-quarter results are likely to reflect gains from supply-chain productivity and structural cost-containment efforts.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.