Sysco Stock News

SelectQuote SLQT -51% on Q2 earnings releaseEditas Medicine EDIT -14% following chief medical officer termination.Micro Focus International MFGP -13% on FY earnings…

Shares of Sysco Corp. sank 7.2% in premarket trading Tuesday, after the food products distributor reported fiscal second-quarter profit that came up short of expectations, as the COVID environment led to higher-than-anticipated operating costs. Net income for the quarter to Jan. 1 more than doubled to $164.4 million, or 33 cents a share, from $67.3 million, or 13 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to 57 cents, below the FactSet consensus of 70 cents. Sales rose 41.2% to $16.32 billion, above the FactSet consensus of $15.89 billion, but cost of sales increased 41.9% to $13.43 billion as gross margin declined to 17.7% from 18.2%. "The omicron variant is currently impacting our customers, affecting their top-line and hours of operations," said Chief Executive Kevin Hourican. "At Sysco, the COVID impact is felt in our operations productivity performance with higher than normal cost to serve." The stock has slipped 0.6% over the past three months through Monday, while the S&P 500 has lost 4.6%.

Shares of Sysco Corp. undefined sank 7.2% in premarket trading Tuesday, after the food products distributor reported fiscal second-quarter profit that came…

Sysco Corporation (SYY) CEO Kevin Hourican on Q2 2022 Results - Earnings Call Transcript

Sysco (SYY) delivered earnings and revenue surprises of -17.39% and 1.85%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Companies Reporting Before The Bell Pfizer (NYSE: PFE ) is likely to report quarterly earnings at $0.87 per share on revenue of $24.20 billion. Karyopharm Therapeutics (NASDAQ: KPTI ) is likely to report quarterly loss at $0.49 per share on revenue of $50.49 million. Thomson Reuters (NYSE: TRI ) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.68 billion. Beasley Broadcast Group (NASDAQ: BBGI ) is likely to report quarterly earnings at $0.03 per share on revenue of $69.67 million. Willis Towers Watson (NASDAQ: WTW ) is projected to report quarterly earnings at $4.98 per share on revenue of $2.50 billion. Cenovus Energy (NYSE: CVE ) is expected to report quarterly earnings at $0.39 per share on revenue of $11.25 billion. Jacobs Engineering Group (NYSE: J ) is projected to report quarterly earnings at $1.58 per share on revenue of $3.51 billion. CTS (NYSE: CTS ) is estimated to report quarterly earnings at $0.47 per share on revenue of $122.96 million.

Shares of Sysco Corp. SYY, +1.47% sank 7.2% in premarket trading Tuesday, after the food products distributor reported fiscal second-quarter profit that came up short of expectations, as the COVID env

Sysco (NYSE:SYY) is scheduled to announce FQ2 earnings results on Tuesday, February 8th, before market open.The consensus EPS Estimate is $0.70 (+311.8% Y/Y) and the consensus…

Yacktman's 13F equity portfolio value increased from $10.40B to $11.22B this quarter. Check out Yacktman’s largest five stakes of the portfolio.

Sysco's (SYY) second-quarter fiscal 2022 results are likely to have gained from improved food-away-from-home trends and Recipe for Growth, while high costs pose as concerns.

Sysco's (SYY) second-quarter fiscal 2022 results are likely to have gained from improved food-away-from-home trends and Recipe for Growth, while high costs pose as concerns.

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.

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