Latest news with #SyscoCorp
Bloomberg
29-07-2025
- Business
- Bloomberg
Sysco Cites Consumer Woes for Outlook That's Below Long-Term Target
Consumers are cutting back on restaurant spending as they cope with economic uncertainties, causing Sysco Corp. to forecast annual sales at the lower end of its target range, Chief Executive Officer Kevin Hourican said in an interview. The Houston-based food distributor expects sales growth of about 3% to 5% in fiscal 2026, less than the three-year sales growth target of 4% to 6% it gave last year.
Bloomberg
29-04-2025
- Business
- Bloomberg
Sysco Cuts Outlook as Wary Americans Tighten Dining Budgets
Sysco Corp. lowered its outlook as weakening consumer confidence causes Americans to dine out less. The wholesale food distributor, which supplies ingredients and packaging equipment to restaurants and other food providers, expects adjusted earnings per share to grow as little as 1% this year, according to a statement Tuesday, down from its prior forecast of 6% to 7%. Sales will grow about 3%, down from 4% to 5% previously.
Washington Post
28-01-2025
- Business
- Washington Post
Sysco: Fiscal Q2 Earnings Snapshot
HOUSTON — HOUSTON — Sysco Corp. (SYY) on Tuesday reported fiscal second-quarter earnings of $406 million. The Houston-based company said it had profit of 82 cents per share. Earnings, adjusted for one-time gains and costs, came to 93 cents per share. The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 93 cents per share.
