Sysco Stock Price, News & Analysis

Sysco Corporation (NYSE:SYY) announced a quarterly cash dividend of $0.47 per share, set to be paid on April 22, 2022, to stockholders recorded by April 1, 2022. Sysco is a leading distributor of food products and services, generating over $51 billion in sales during fiscal 2021 and operating 343 distribution facilities globally. The company serves more than 650,000 customer locations.

Sysco Corporation (NYSE:SYY) announced a live webcast of its presentation at the UBS Global Consumer and Retail Conference on March 9, 2022, at 9:00 a.m. EST. Investors can access the webcast at investors.sysco.com. An archived replay will be available post-event. Sysco's investor relations section serves as the primary channel for public disclosures, providing key information about the company.

Sysco Corporation (SYY) has joined the U.S. Food Loss and Waste 2030 Champions initiative, aiming to reduce food waste by 50% by 2030. The company plans to divert 90% of its food waste from landfills by 2025 through meal donations and composting. Sysco's Senior Vice President emphasized the company's commitment to community support and sustainability, targeting $500 million in charitable contributions by 2025. This initiative aligns with Sysco's Corporate Social Responsibility goals, reflecting a focus on reducing environmental impact.

Sysco Corporation (NYSE: SYY) has completed the acquisition of The Coastal Companies, a prominent fresh produce distributor. This deal will enhance FreshPoint, Sysco’s specialty produce division, allowing for improved service in the Mid-Atlantic region and the addition of retail and ready-to-eat capabilities. The Coastal Companies, based in Laurel, MD, generates approximately $600 million in annual revenue through its integrated businesses: Coastal Sunbelt Produce, Lancaster Foods, and East Coast Fresh. The financial terms of the acquisition were not disclosed.

Sysco Corporation (NYSE:SYY) announced a live webcast of its presentation at the CAGNY 2022 Conference, scheduled for February 22, 2022, at 12:40 p.m. EST. The event will be accessible on Sysco’s investor relations website, with an archived replay available afterward. Sysco emphasizes the use of its investor relations page for public disclosures, ensuring investors stay informed about key information. As a global leader in food distribution, Sysco generated over $51 billion in sales for fiscal 2021, serving more than 650,000 customer locations worldwide.

Sysco Corporation (NYSE: SYY) reported a strong Q2 fiscal 2022, with sales reaching $16.3 billion, a 41.2% increase year-over-year. Gross profit soared to $2.9 billion, up 37.8%, but gross margin slightly decreased to 17.7%. Operating income jumped 109.8% to $444.9 million. Despite elevated inflation and increased operating expenses due to the Omicron variant, the company managed product costs effectively. A total of $650 million was returned to shareholders through dividends and stock buybacks, contributing to robust financial results.

Sysco Corporation (NYSE:SYY) will host a conference call on Feb. 8, 2022, at 10 a.m. EST to discuss its second quarter fiscal year 2022 financial results. Interested parties can join the call via investors.sysco.com. A news release and slide presentation will be available before the event. Sysco, a leader in food distribution, generated over $51 billion in sales for fiscal 2021 and serves over 650,000 customers globally.

Sysco Corporation (NYSE: SYY) has been recognized as one of America’s Most JUST Companies, leading the food and drug retailer sector for the first time. The ranking is based on an evaluation by JUST Capital and CNBC, focusing on key issues such as job creation, fair wages, and sustainability. Sysco's commitment to Corporate Social Responsibility is highlighted, with praise from Senior Vice President Neil Russell for the company's progress in caring for people and communities. In fiscal 2021, Sysco generated over $51 billion in sales and serves over 650,000 customer locations globally.