Sysco Corp. (SYY) Tops Q4 EPS by 4c, Offers Guidance

Sysco Corp. (NYSE: SYY) reported Q4 EPS of $1.15, $0.04 better than the analyst estimate of $1.11. Revenue for the quarter came in at $19 billion versus the consensus estimate of $18.22 billion.

GUIDANCE:

Sysco Corp. sees FY2023 EPS of $4.09-$4.39, versus the consensus of $4.29.

• “Sysco delivered strong financial results, growing volumes and sales, effectively managing double-digit inflation and improving profitability, all while also strengthening our balance sheet and returning $1.5 billion to our shareholders. We have many reasons to be upbeat about our business. While keeping a careful eye on macro-economic developments, we expect to grow adjusted EPS by 26% - 35%, or $4.09 - $4.394, for fiscal year 2023,” said Aaron Alt, Sysco’s Chief Financial Officer.

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

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