Welcome to our dedicated page for Sysco news (Ticker: SYY), a resource for investors and traders seeking the latest updates and insights on Sysco stock.
Sysco Corporation (NYSE: SYY) is a global leader in foodservice distribution, connecting suppliers with over 650,000 customer locations across restaurants, healthcare facilities, and educational institutions. This dedicated news hub provides investors and industry professionals with comprehensive access to official corporate announcements and market-relevant developments.
Track key business initiatives through curated press releases spanning earnings reports, supply chain innovations, sustainability efforts, and strategic partnerships. Our repository ensures timely access to operational updates, leadership changes, and product expansion announcements that shape Sysco's position in the $300B+ foodservice distribution industry.
Discover categorized updates including quarterly financial results, acquisition activity, technology implementations, and industry partnership developments. All content is sourced directly from Sysco's corporate communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of Sysco's operational milestones and market leadership in food logistics. Combine strategic insights with fundamental data through our integrated financial tools for complete investment analysis.
Sysco (NYSE: SYY) announced the appointment of Kevin Hourican as the new Chair of the Board and Chief Executive Officer, following Edward D. Shirley stepping down due to health reasons. The company highlighted Hourican's leadership and vision in navigating challenges, with Larry Glasscock appointed as Lead Independent Director.
Sysco reported positive financial results for its third fiscal quarter ending March 30, 2024. Sales increased by 2.7%, U.S. Foodservice volume grew by 2.9%, and gross profit rose by 5.2%. Operating income increased by 3.8% to $722.0 million, with adjusted operating income up by 8.4% to $799.3 million. EBITDA and adjusted EBITDA increased by 5.4% and 8.5% respectively. EPS increased by 1.2% to $0.85, and adjusted EPS grew by 6.7% to $0.96. Sysco plans to return approximately $2.25 billion to shareholders in fiscal year 2024.
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