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Sysco (SYY) reveals its intentions to take over Edward Don & Company. This is likely to help Sysco establish a specialty Equipment and Supplies platform.
HOUSTON, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its first quarter fiscal year 2024 financial results at 10 a.m. EDT on Tuesday, Oct. 31, 2023.
Sysco (SYY) has been encountering slower overall industry market volume growth, product cost inflation, rising operating expenses and a high tax rate.
Sysco (SYY) has been grappling with the adverse impacts of product cost inflation, escalating operating costs and expenses, and foreign exchange headwinds.
HOUSTON, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation at the Wells Fargo 6th Annual Consumer Conference on Thursday, Sept. 21, at 11:00 a.m. EDT.
Sysco SYY, +0.28% has named Greg Bertrand as executive vice president, global chief operating officer, effective Sept. 1.
Sysco's stock has underperformed the market year-to-date, but it could be an attractive holding due to its latest earnings results, commitment to returning value to shareholders, and valuation. Despite missing analyst estimates, Sysco's revenue and EPS have grown, indicating strong demand for its products. The company's profitability has also improved. The stock appears to be attractively valued compared to its peers in the food distributors industry.
Sysco Corporation (NYSE:SYY ) Q4 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Kevin Kim - VP of IR Kevin Hourican - President and CEO Kenny Cheung - CFO Neil Russell - Chief Administrative Officer Conference Call Participants Edward Kelly - Wells Fargo Joshua Long - Stephens Inc. John Heinbockel - Guggenheim Securities Kelly Bania - BMO Capital Markets John Ivankoe - JPMorgan Alex Slagle - Jefferies Operator Welcome to Sysco's Fourth Quarter Fiscal Year 2023 Conference Call. As a reminder, today's call is being recorded.
Sysco's (SYY) fourth-quarter fiscal 2023 results reflect higher sales and earnings on volume gains, market share growth, the progress of the Recipe for Growth plan and solid cost management.
Although the revenue and EPS for Sysco (SYY) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.