Sysco Stock Price, News & Analysis

Sysco Corporation (NYSE:SYY) announced a webcast of its presentation at the 2022 Barclays Global Consumer Staples Conference, scheduled for Sept. 8 at 9:00 a.m. EDT. Interested parties can access the live webcast at investors.sysco.com, with an archived replay available shortly afterward. Sysco emphasizes utilizing its investor relations website for public disclosures, ensuring transparency for investors.

Sysco Corporation (NYSE: SYY) reported strong financial results for its fourth fiscal quarter and full year ended July 2, 2022, with sales increasing by 17.5% to $19.0 billion. The company achieved a 33.8% increase in annual sales, totaling $68.6 billion. Gross profit rose 18.1% to $3.4 billion, while operating income surged 34.6% to $766.7 million. The adjusted EPS grew to $1.15, a 74.2% increase compared to last year. Sysco expects adjusted EPS growth of 26%-35% for fiscal year 2023.

Sysco Corporation (NYSE: SYY) announced a $1 million donation to Feeding America to support local food banks through its Nourishing Neighbors program. This donation, aimed at combating hunger exacerbated by inflation and supply chain issues, will assist 42 food banks, providing access to 10 million meals. Since 2018, Sysco's program has contributed over $12 million to charity, with a goal of generating $500 million in community aid by Fiscal Year 2025. In FY 2022, Sysco donated over 12 million pounds of food, equating to 10 million meals, to Feeding America.

Sysco Corporation (NYSE:SYY) will appear on Military Makeover: Operation Career on July 22 and 28, 2022. The show, hosted by Montel Williams, features military veterans transitioning to civilian life and highlights companies providing job opportunities. Sysco will showcase veterans such as Tim Jackson and Eric Young, along with executive Marie Robinson, a veteran herself. Sysco emphasizes the importance of investing in veterans, leveraging their skills and values for business success, and actively recruits veterans through dedicated resources and partnerships with military organizations.

Sysco Corporation (NYSE:SYY) will conduct a conference call and webcast on August 9, 2022, at 10 a.m. EDT to discuss its fourth quarter and fiscal year 2022 financial results. Interested parties can access the webcast through investors.sysco.com. Sysco is the leading global distributor of food products, serving over 650,000 customer locations with more than 58,000 employees across 343 distribution facilities. For fiscal 2021, Sysco achieved sales exceeding $51 billion.

Sysco Corporation (NYSE:SYY) announced the appointment of Paulo Peereboom as executive vice president and president of foodservice operations - international, effective August 8, 2022. Peereboom will oversee Sysco's international operations across Canada, Europe, The Bahamas, and Latin America, including the export business. With over 30 years of experience and a successful track record in transformation and team building, Peereboom aims to drive profitable growth and enhance customer service. He previously served as CEO of Makro NL and held leadership roles at Pick N Pay and Ahold Dehaize.

Sysco Corporation (NYSE:SYY) will present at the Jefferies 2022 Global Consumer Conference on June 20, 2022, at 8:00 a.m. EDT. The event will be accessible through a live webcast available on their investor relations website, with an archived replay available afterward. Sysco, a leader in food product distribution, serves over 650,000 clients globally. In fiscal 2021, it generated over $51 billion in sales. For more details on their operations and CSR initiatives, visit their corporate website.

Sysco Corporation (NYSE: SYY) and Daimler Truck North America announced a Letter of Intent to deploy nearly 800 battery electric Freightliner eCascadia tractors by 2026. This initiative aligns with Sysco's goal to reduce direct carbon emissions by 27.5% by 2030 and electrify 35% of its U.S. fleet. The first eCascadia delivery is expected later this year at Sysco's Riverside, California facility. The partnership emphasizes sustainable transportation solutions while enhancing safety through advanced technology in the trucks.

Sysco Corporation partners with Let’s Talk Womxn, comprising over 600 women restaurant owners, to host a panel event on May 22, 2022, in Chicago. This discussion will address strategies to enhance the restaurant industry while tackling challenges faced by women entrepreneurs. Panelists include renowned chef Andrew Zimmern and founder Rohini Dey, Ph.D. The event features a gourmet dinner by notable Chicago restaurateurs and emphasizes collaboration to empower women in the culinary field. Sysco is committed to diversity and improving conditions for women-owned restaurants.