Welcome to our dedicated page for Sysco Corporation news (Ticker: $SYY), a resource for investors and traders seeking the latest updates and insights on Sysco Corporation stock.
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Sysco Corporation (NYSE:SYY) will webcast its presentation at the CAGNY 2024 Conference on Tuesday, Feb. 20, 2024, at 2:00 p.m. EST. The live webcast can be accessed at investors.sysco.com, with an archived replay available shortly after. Sysco uses its investor relations section as the primary channel for publishing key information to investors.
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Sysco Corporation (SYY) announced its financial results for the second fiscal quarter ended December 30, 2023. Key highlights included a 3.7% increase in sales, 3.4% growth in U.S. Foodservice volume, and a 4.9% increase in gross profit. Operating income rose by 9.2% to $700.0 million, and adjusted EBITDA increased by 11.6% to $927.5 million. EPS grew by 192.9% to $0.82, and adjusted EPS increased by 11.3% to $0.89. The company expects to return approximately $2.25 billion back to shareholders in fiscal year 2024 and reaffirmed its guidance for top- and bottom-line growth.
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7.52%
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Sysco Corporation (SYY) will discuss its second quarter fiscal year 2024 financial results in a conference call and webcast on Jan. 30, 2024. Interested parties can listen online at investors.sysco.com. The company will issue a news release and post a slide presentation in the investor relations section of its website. Sysco uses its website as the primary channel for publishing key information to its investors.
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Sysco Corporation (NYSE: SYY) and iFoodDS announced a proof-of-concept project to explore solutions that enable Sysco and its diverse supplier base to capture, store, and share data required by the U.S. Food and Drug Administration (FDA) Food Safety Modernization Act (FSMA) 204 Food Traceability Rule. The aim is to implement a flexible, scalable, interoperable traceability solution that provides suppliers flexible and pragmatic options for sharing data required by FSMA 204.
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Sysco Corporation (NYSE:SYY) announced that its colleagues volunteered nearly 17,000 hours during its first ever global Purpose month in November 2023. The company's purpose of Connecting the World to Share Food and Care for One Another was demonstrated through over 500 company-sponsored events or colleague-led volunteer activities across the United States, Canada, Sri Lanka, the U.K. and Ireland. Sysco's Global Good Goal of donating $500 million worth of good by 2025 was significantly contributed to during this global event.
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0.29%
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Sysco Corporation (SYY) launches One Planet. One Table., the foodservice industry’s largest offering of certified and sustainably focused products, with over 3,000 items across 15 categories. The new capabilities in Sysco Shop make it easier for customers to identify and add more sustainable options to menus. The company is committed to leading the industry towards a more sustainable future and has achieved significant milestones in its 2023 Sustainability Report and DEI report.
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Sysco Corporation (NYSE:SYY) Declares $0.50 Quarterly Cash Dividend
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0.31%
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Sysco Corporation (NYSE:SYY) Announces Webcast of Presentation at 2023 Morgan Stanley Global Consumer & Retail Conference
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Sysco Corporation (NYSE: SYY) reported its financial results for the first quarter of fiscal year 2024. Key highlights include a 2.6% increase in sales, a 4.6% increase in gross profit to $3.6 billion, a 9.1% increase in operating income to $803.6 million, and a 10.5% increase in EBITDA to $1.0 billion. Sysco also returned approximately $352.9 million of capital to shareholders via share repurchases and dividends.
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Sysco Corporation announced that Antonio Garcia, Forklift Operator from Sysco West Coast Florida, placed third in the forklift category at the 2023 IFDA National Championship. The event included a new warehouse competition, allowing elite pallet jack and forklift operators to showcase their skills. Sysco celebrated this achievement and also recognized the winners of the kids essay contest, where children shared why they are proud of their parents who work in the distribution industry.
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Sysco Corporation
NYSE:SYY
SYY Rankings
SYY Stock Data
37.42B
496.50M
0.13%
85.97%
1.27%
Supermarkets and Other Grocery (except Convenience) Stores
Retail Trade
United States of America
HOUSTON
About SYY
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 57,000 associates, the company operates 326 distribution facilities worldwide and serves more than 625,000 customer locations. For fiscal 2020 that ended June 27, 2020, the company generated sales of more than $52 billion.