Sysco Corporation announced its financial results for the fourth quarter and fiscal year 2025, reporting a 2.8% increase in sales for the fourth quarter to $21.1 billion, while gross profit rose by 3.9% to $4.0 billion. However, operating income decreased by 9.0% to $889 million, and net earnings fell by 13.2% to $531 million. Adjusted operating income increased by 1.1% to $1.1 billion, and adjusted net earnings grew by 3.3% to $716 million. The company highlighted challenges in U.S. Foodservice volume, which decreased by 0.3%, but noted improvements in restaurant traffic as a positive sign for future performance.
For the full fiscal year 2025, Sysco's sales increased by 3.2% to $81.4 billion, with gross profit rising by 2.5% to $15.0 billion. Operating income decreased 3.6% to $3.1 billion, while adjusted operating income grew by 1.2% to $3.5 billion. The company returned $2.3 billion to shareholders through share repurchases and dividends. Sysco's management provided guidance for fiscal year 2026, projecting sales growth of approximately 3% to 5% and adjusted EPS growth of about 1% to 3%.
linkJul 29, 2025 08:03:41
Sysco Corporation announced its financial results for the third quarter of fiscal year 2025, reporting a sales increase of 1.1% to $19.6 billion. However, the company experienced a decline in several key metrics, including a 5.6% decrease in net earnings to $401 million and a 5.7% drop in operating income to $681 million. U.S. Foodservice volume decreased by 2.0%, attributed to various factors such as adverse weather and weakening consumer confidence, which negatively impacted foot traffic to restaurants. Despite these challenges, Sysco aims to return approximately $2.25 billion to shareholders in fiscal year 2025 through share repurchases and dividends, alongside a recently announced 6% dividend increase.
In the U.S. Foodservice Operations segment, sales rose by 0.7% to $13.8 billion, but total case volume fell by 2.0%. The International Foodservice Operations segment saw a slight sales decrease of 1.1% to $3.5 billion, although it reported growth on a constant currency basis. Sysco's balance sheet remains strong, with a cash balance of $1.5 billion and $1.3 billion in cash flow from operations for the first 39 weeks of fiscal year 2025. The company is also focusing on long-term growth investments while maintaining a disciplined approach to capital allocation.
linkApr 29, 2025 08:09:51
Sysco Corporation has completed the necessary steps to comply with the Securities Exchange Act of 1934, ensuring that their report is officially signed by the authorized representative, Kenny K. Cheung. This action indicates the company's adherence to regulatory requirements.
There are no specific financial metrics or changes mentioned in this press release. The focus is solely on the procedural aspect of signing the report, with no additional positive or negative points highlighted.
linkFeb 25, 2025 16:46:51
Sysco Corporation reported a sales increase of 4.5% to $20.2 billion for the second quarter of fiscal year 2025, with a gross profit rise of 3.9% to $3.7 billion. The company also noted a 1.7% increase in operating income to $712 million and a 5.1% rise in adjusted operating income. Additionally, Sysco announced an increase in cash returns to shareholders, now expected at approximately $2.25 billion for the fiscal year 2025, which includes a share repurchase plan of $1.25 billion and dividends totaling $1 billion. The International Foodservice Operations segment saw significant profit growth, with a 14.5% increase in operating income, highlighting strong performance across various business segments.
Conversely, the company experienced a decrease in net earnings by 2.2% to $406 million, with diluted earnings per share remaining unchanged at $0.82 compared to the previous year. The gross margin also slightly decreased by 11 basis points to 18.1%, attributed to a 2.1% product cost inflation primarily in dairy and poultry categories. Operating expenses rose by 4.4%, driven by increased volumes and cost inflation, which partially offset the positive sales growth. Additionally, local case volume within U.S. Foodservice decreased by 0.9%, indicating challenges in that segment.
linkJan 28, 2025 08:01:58
Sysco Corporation reported a 4.4% increase in sales for the first quarter of fiscal year 2025, reaching $20.5 billion. Gross profit also saw a rise of 2.9%, totaling $3.8 billion, indicating effective management of product costs despite a slight decline in gross margin. The company's international operations performed particularly well, with an impressive 12.1% increase in adjusted operating income. However, operating income overall showed only a modest growth of 0.5%, and net earnings decreased by 2.6%, reflecting some challenges in the U.S. Foodservice segment, where operating income fell by 3.5% due to margin pressures. Sysco remains optimistic about future growth and plans to return approximately $2 billion to shareholders this fiscal year.
Despite the overall sales growth, Sysco faced some headwinds, particularly in operating expenses, which increased by 3.6% due to higher selling costs and inflation. The company reported flat earnings per share at $0.99, with adjusted EPS showing a slight increase of 1.9%. While Sysco's cash flow from operations decreased compared to the previous year, free cash flow improved significantly. The company is focused on enhancing local volume growth and margins moving forward, and it has a strong pipeline of investments to support its growth strategy.
linkOct 29, 2024 08:02:15
Sysco Corporation has announced the appointment of Roberto Marques to its Board of Directors, effective August 15, 2024. The company's CEO, Kevin Hourican, expressed enthusiasm about Marques joining the board, highlighting his extensive experience in consumer-focused businesses across various sectors, including food and healthcare. Marques's international expertise is expected to support Sysco's ongoing growth strategy, indicating a positive shift for the company as it seeks to enhance its leadership team.
Roberto Marques brings a wealth of experience from his previous roles, including leadership positions at Natura & Co., Mondelez International, and Johnson & Johnson. His diverse background in global markets and consumer industries positions him as a valuable asset to Sysco. The company's strong performance, with over $78 billion in sales for fiscal year 2024, underscores its leadership in food distribution, and the addition of Marques is seen as a strategic move to further strengthen its operations and governance.
linkAug 16, 2024 08:07:50
Sysco Corporation's fourth quarter sales rose 4.2%, but earnings per share dropped 14.6%. The company saw strong growth in gross profit and operating income, with notable success in its international segment. However, EBITDA decreased by 7.7%. Despite these mixed results, Sysco returned over $2.2 billion to shareholders and remains optimistic about future growth, aiming for consistent improvements in the upcoming fiscal year.
linkJul 30, 2024 08:03:02
Sysco reported a 2.7% sales increase, 5.2% gross profit growth, and 3.8% rise in operating income for Q3 2024. They raised cost-out targets to $120 million for the fiscal year, returned $753 million to shareholders, and aim to return $2.25 billion in total. Despite lower restaurant traffic impacting case volumes, Sysco managed to grow sales and cases profitably. U.S. Foodservice saw volume and margin growth, while International Foodservice operations showed strong sales and profit increase, aided by foreign exchange rates.
linkApr 30, 2024 08:09:51
Sysco announced CEO Kevin Hourican as the new Chair of the Board, succeeding Edward Shirley due to health reasons. Hourican expressed gratitude for Shirley's leadership and aims to enhance shareholder value. Larry Glasscock is appointed Lead Independent Director. Shirley praised Hourican's leadership qualities. Sysco, a global foodservice distribution company, operates with over 72,000 employees and generated sales exceeding $76 billion in fiscal year 2023.
linkApr 30, 2024 08:09:12
Sysco Corporation reported positive second quarter financial results, including 3.7% sales growth, 192.9% increase in EPS, and 9.2% rise in operating income. The company also expects to return $2.25 billion to shareholders in fiscal year 2024 and reaffirms its guidance for top- and bottom-line growth. The U.S. Foodservice Operations segment saw a 3.2% increase in sales and 7.4% rise in operating income, while the International Foodservice Operations segment delivered a 9.6% sales increase and 44.4% growth in operating income.
linkJan 30, 2024 08:03:25