
Sysco Corporation reported its Q1 2024 earnings, with adjusted EPS at $1.09, missing the estimated $1.13. The company achieved revenue of $20.5 billion, slightly above the expected $20.4 billion. Sales increased by 4.4%, and U.S. Foodservice volume rose by 2.7%. Gross profit grew by 2.9% to $3.8 billion, while operating income saw a modest increase of 0.5% to $808 million. EPS remained flat at $0.99 compared to the same period last year. The CEO noted that the rate of top- and bottom-line growth improved in September, and the company remains on track to accelerate local volume growth and margins in the second half of the year. Sysco's stock was down 2.3% in pre-market trading.
$ECL Ecolab Inc Q3 2024 Adj. EPS 1.83 (exp. 1.82) Revenue 4bln (exp. 4.04bln) Adj. gross margin 43.5% (exp. 44.1%)
$SYY Sysco Corp Q1 2025 Adj. EPS 1.09 (exp. 1.13) Revenue 20.48bln (exp. 20.47bln) Reiterates FY25 guidance with sales growth of 4-5% and adj. EPS growth of 6-7%
$SYY Earnings: - Sales increased 4.4%; U.S. Foodservice volume increased 2.7%; - Gross profit increased 2.9% to $3.8 billion - EPS remained flat at $0.99, compared to the same period last year, and adjusted EPS increased 1.9% to $1.09. - Operating income increased 0.5% to $808… https://t.co/AvZ5IyO87U