Sysco (SYY) reported earnings 30 days ago. What's next for the stock?
Sysco has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.7% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources.
SYY's Q1 2025 results reflect improved earnings and revenues. It projects a 4-5% increase in sales and 6-7% adjusted EPS growth for fiscal 2025.
Sysco Corporation (NYSE:SYY ) Q1 2025 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Kevin Kim - VP, IR Kevin Hourican - Chairman and CEO Kenny Cheung - CFO Conference Call Participants Kelly Bania - BMO Capital Alex Slagle - Jefferies John Ivankoe - JPMorgan Mark Carden - UBS John Heinbockel - Guggenheim Edward Kelly - Wells Fargo Brian Harbour - Morgan Stanley Jeffrey Bernstein - Barclays Operator Welcome to Sysco's First Quarter Fiscal Year 2025 Conference Call. As a reminder, today's call is being recorded.
The headline numbers for Sysco (SYY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Sysco (SYY) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.07 per share a year ago.
Sysco's hybrid growth strategy through internal development and acquisitions continues to strengthen its position as a market leader in the food service sector and forms the basis for solid long-term growth. Despite the low margins typical of the food service industry, Sysco's resilient cash flow and effective working capital management indicate a solid financial position. Sysco's international expansion shows promise, though profitability remains a challenge; disciplined shareholder returns and manageable leverage support financial stability.
SYY's Q1 results are expected to show growth in its Food-Away-From-Home sector, alongside enhanced efficiency driven by supply-chain productivity improvements.
Get a deeper insight into the potential performance of Sysco (SYY) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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