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The Latest Breaking News from Sysco

11 recession-resistant stocks to buy for 2023

Loyal customers and inflation-proof pricing power will help these companies pay off for investors even in a tough economy.

Fortune

New ‘Striketober’ looms as US walkouts increase amid surge in union activity

Support for unions is on the rise as workers take action to raise pay and conditions amid booming company profits

The Guardian - US

Herschel Walker sends mixed messages on minority-owned businesses

ATLANTA — On the website for Herschel Walker's food service company is a red seal: "Minority Business Enterprise."

Tribune News Service

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read the most diverse news in one place.

Sysco aims to create 90 jobs with plans for County Antrim distribution centre

The move will take headcount in Northern Ireland at the restaurant supplier to 230

Birmingham Post

Sysco accuses 4 largest beef processors of price fixing

The nation's largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices

The Independent UK

Analyzing Sysco's Short Interest

Sysco's (NYSE:SYY) short percent of float has fallen 16.08% since its last report. The company recently reported that it has 10.88 million shares sold short, which is 2.14% of all regular shares that are available for trading.

Benzinga

5 Dividend Aristocrats To Buy Now

Last week, the Fed raised its benchmark interest rates three-quarters of a percentage point, marking the most aggressive hike since 1994. And with analysts predicting the economy to slip into a recession, we think dividend aristocrats Abbott (ABT), AbbVie (ABBV), Genuine Parts (GPC), Johnson & Johnson (JNJ), and Sysco (SYY)…

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Analyst Ratings for Sysco

Within the last quarter, Sysco (NYSE:SYY) has observed the following analyst ratings:

Benzinga

Barclays Maintains Equal-Weight Rating for US Foods Hldg: Here's What You Need To Know

Barclays has decided to maintain its Equal-Weight rating of US Foods Hldg (NYSE:USFD) and lower its price target from $38.00 to $34.00. Shares of US Foods Hldg are trading down 3.66% over the last 24 hours, at $30.84 per share.

Benzinga

Sysco's Return On Capital Employed Insights

According to Benzinga Pro, during Q3, Sysco (NYSE:SYY) earned $303.32 million, a 81.15% increase from the preceding quarter. Sysco also posted a total of $16.90 billion in sales, a 3.57% increase since Q2.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 26, 2022

Upgrades

Benzinga

Sysco Intends To Buy Up To 800 Freightliner eCascadia

Sysco Corporation, a foodservice distribution company, announced its intention to purchase up to nearly 800 all-electric Freightliner eCascadia Class 8 tractors.

InsideEVs

Sysco Looks To Transform Vehicle Fleet - Read How

Foodservice distribution company Sysco Corp (NYSE:SYY) has signed a Letter of Intent (LOI) with Daimler Truck North America (DTNA) for electric vehicle deployment. Under the agreement, Sysco will deploy up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026. The financial terms were not disclosed. The first eCascadia delivery is expected to arrive at Sysco's…

Benzinga

Analyst Ratings for Sysco

Within the last quarter, Sysco (NYSE:SYY) has observed the following analyst ratings:

Benzinga

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news in one place.

100's of premium titles.
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Benzinga

Sysco Shares Pop On Q3 Beat, Raised FY22 Outlook

Sysco Corp (NYSE:SYY) reported third-quarter FY22 sales growth of 42.9% year-on-year to $16.90 billion, beating the consensus of $15.91 billion. The U.S. Foodservice operations sales rose 43.6% Y/Y, and International Foodservice sales grew 64.5%. Gross profit increased 42% Y/Y to $3.0 billion, and the gross margin fell 12 basis points to 17.8%. The…

Benzinga

Sysco: Q3 Earnings Insights

Sysco (NYSE:SYY) reported its Q3 earnings results on Tuesday, May 10, 2022 at 08:00 AM. Here's what investors need to know about the announcement. Earnings Sysco beat estimated earnings by 29.09%, reporting an EPS of $0.71 versus an estimate of $0.55.

Benzinga

Preview: Sysco's Earnings

Sysco (NYSE:SYY) is set to give its latest quarterly earnings report on Tuesday, 2022-05-10. Here's what investors need to know before the announcement. Analysts estimate that Sysco will report an earnings per share (EPS) of $0.55.

Benzinga

What 5 Analyst Ratings Have To Say About Sysco

Sysco (NYSE:SYY) has observed the following analyst ratings within the last quarter:

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news in one place.

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StockNews.com

Better Buy for 2022: US Foods vs. Sysco

Despite rising food prices and deepening supply chain disruptions, the growing demand for fresh and frozen food products should benefit food distribution companies Sysco (SYY) and US Foods (USFD). But which of these stocks is a better buy now? Read more to find out.

StockNews.com

Take Advantage of the Dip and Buy These 3 Dividend Aristocrats in the Consumer Staples Sector

The Russia-Ukraine war has led to heightened volatility in the stock market. The consumer staples sector faces a persistent demand, making them decline less during bear markets. Therefore, it could be worth buying the dip in consistent dividend-paying stocks in the consumer staples sector Colgate-Palmolive (CL), Sysco Corporation (SYY), and…

Benzinga

What 7 Analyst Ratings Have To Say About Sysco

Over the past 3 months, 7 analysts have published their opinion on Sysco (NYSE:SYY) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

Analyst Ratings For Sysco

Analysts have provided the following ratings for Sysco (NYSE:SYY) within the last quarter:

Benzinga

A Bullish Sign Appears On Sysco's Chart

If history is any guide, there may be good fortune ahead for shares of Sysco (NYSE:SYY). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Benzinga

Sysco Earnings Perspective: Return On Invested Capital

Pulled from Benzinga Pro data, Sysco (NYSE:SYY) posted Q2 earnings of $167.44 million, an increase from Q1 of 55.7%. Sales dropped to $16.32 billion, a 0.83% decrease between quarters.

Benzinga

Sysco Clocks 41% Sales Growth In Q2; Bottom-Line Lags Consensus

Sysco Corp (NYSE:SYY) reported second-quarter FY22 sales growth of 41.2% year-on-year, to $16.32 billion, beating the analyst consensus of $16.10 billion. The U.S. Foodservice operations segment sales rose 45.1% Y/Y, and International Foodservice sales grew 42.6%. Gross profit increased 37.8% Y/Y to $2.9 billion and the gross margin fell 44 basis points to…

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