Sysco Corp. (SYY) Reports In-Line Q1 EPS

Sysco Corp. (NYSE: SYY) reported Q1 EPS of $1.19, in-line with the analyst estimate of $1.19. Revenue for the quarter came in at $21.7 billion versus the consensus estimate of $22.02 billion.

• “Our teams delivered 2.7% local growth in our U.S. segment and grew adjusted operating income across our USFS and International segments. Our company specific initiatives kept us focused on the elements of performance within our control within a choppy operating environment. Looking ahead, we remain confident in our net cost savings targets enabled by AI technology which include our expectation for $100 million in savings included in our FY27 guidance, with benefits accelerating in the second half. We remain confident in delivering on our adjusted EPS growth guidance of 9%-11%, reflecting unchanged local volume growth assumptions of approximately 2.5%, while full year sales growth is now expected to be at the lower end of our 6%-7% range, reflecting a lower inflation environment for the industry,” said Brandon Sewell, Sysco’s Chief Financial Officer.

For earnings history and earnings-related data on Sysco Corp. (SYY) click here.

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