Sysco Corporation (NYSE:SYY ) Q2 2025 Results Conference Call January 28, 2025 10:00 AM ET Company Participants Kevin Kim - Vice President of Investor Relations Kevin Hourican - Chairman and Chief Executive Officer Kenny Cheung - Chief Financial Officer Conference Call Participants Mark Carden - UBS Lauren Silberman - Deutsche Bank John Heinbockel - Guggenheim Securities Jeffrey Bernstein - Barclays John Ivankoe - JPMorgan Jake Bartlett - Truist Securities Edward Kelly - Wells Fargo Alex Slagle - Jefferies Operator Welcome to Sysco's Second Quarter Fiscal Year 2025 Conference Call. As a reminder, today's call is being recorded.
SYY's second-quarter results reflect solid performance across International, SYGMA and National sales businesses, along with efficient cost management.
Sysco (SYY -5.71%), a global leader in foodservice distribution, released its earnings report for its fiscal 2025 second quarter on Jan. 28. The company reported adjusted EPS of $0.93, slightly above analysts' consensus expectation of $0.92.
Although the revenue and EPS for Sysco (SYY) give a sense of how its business performed in the quarter ended December 2024, 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 $0.93 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.89 per share a year ago.
Packaged and fresh food supplier Sysco on Tuesday kept its full-year sales and profit forecasts unchanged despite beating estimates for second-quarter revenue, as a recovery in demand from restaurants remains uneven.
In trading on Monday, shares of Sysco crossed above their 200 day moving average of $75.30, changing hands as high as $76.50 per share. Sysco shares are currently trading up about 1.9% on the day.
SYY's Q2 results are likely to reflect gains from Food-Away-From-Home sector along with improved efficiency and supply-chain productivity.
Get a deeper insight into the potential performance of Sysco (SYY) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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.
Sysco is driven by focus a on operational excellence, strategic acquisitions and leadership in the Food-Away-From-Home sector.
SYY is enhancing operational efficiency and expanding via acquisitions, despite declining restaurant traffic and inflationary pressures.