Valued at $35.6 billion by market cap, Sysco Corporation (SYY) is a leading American multinational food-service distribution company and a core participant in the consumer staples sector. Headquartered in Houston, Texas, Sysco primarily markets and distributes a broad range of food and related products, including fresh, frozen, and prepared foods, meat, seafood, produce, dairy, beverages, and imported specialties, as well as non-food items such as disposable paper products, tableware, kitchen equipment, and cleaning supplies to restaurants, healthcare facilities, educational institutions, hotels, and other food-service operators worldwide.
The food service giant is expected to announce its fiscal second-quarter earnings soon. Ahead of the event, analysts expect SYY to report a profit of $0.97 per share on a diluted basis, up 4.3% from $0.93 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
