Sysco Corporation (NYSE:SYY ) dbAccess Global Consumer Conference June 3, 2025 5:15 AM ET Company Participants Lauren Silberman - Deutsche Bank Conference Call Participants Kevin Hourican - CEO Kenny Cheung - CFO Lauren Silberman All right. Thank you, everyone, for joining.
Sysco (SYY) reported earnings 30 days ago. What's next for the stock?
Sysco is a reliable and rationally traded market leader in the foodservice industry, both domestically and internationally. The company continually invests in innovative initiatives like the SYGMA platform and Sysco To Go to address customer pain points. Sysco's main drawback is its vulnerability to earnings drawdowns during recessionary conditions, despite being a solid player in the consumer staples sector.
Sysco's fiscal third-quarter results show y/y sales growth. However, the company focuses on growth and plans significant shareholder returns.
The headline numbers for Sysco (SYY) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Sysco (SYY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SYY's Q3 outlook reflects confidence in its top-line trajectory and disciplined execution across the organization to enhance profitability.
Sysco Corporation SYY is currently trading at a discount to its historical and industry benchmarks. The SYY stock trades at a forward 12-month price-to-earnings ratio of 15.29, below its median level of 16.04 in the past year and lower than the industry's average of 16.22.
Trading in Sysco Corporation SYY is quiet on Thursday. This comes after yesterday's rally of more than 3%.
Jenny Harrington, CEO at Gilman Hill Asset Management, joins CNBC's 'Halftime Report' to explain why she's buying more of the food delivery company.
Sysco's Q2 '25 earnings showed sales growth of 4.50% and income increase of 5.10%. Despite that, the stock tumbled 6.03%. Sysco's strategic shift to food services and drinking places has driven consistent growth, with 57% of sales now from these sectors. Sysco is undervalued with a current P/E ratio of 19.42, significantly lower than its 5-year average of 42.56, making it a compelling buy.
Truist Securities analyst Jake Bartlett reiterated a Buy rating on the shares of Sysco Corp SYY and lowered the price forecast from $85 to $83.