Sysco Corporation


SKU: LRCX-1-1-1 Category:


Sysco Corporation delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings. The company achieved a notable 2.6% sales growth, attributed to increased case volumes and effective management of product cost deflation in the US. The bottom line also thrived, with double-digit growth in adjusted operating income and EPS, reaching $1.07. Sysco’s resilience in achieving substantial Q1 results, despite a challenging macro environment and deflationary pressures in the US, underscores its strategic positioning for success in fiscal 2024. The US foodservice segment demonstrated volume growth, particularly in the healthcare, restaurant, and hospitality sectors. The national sales team secured significant new business, emphasizing multiyear contracts with favorable profit profiles. Sysco continues to strengthen its supply chain, marked by year-over-year operating profit improvement and increased flexibility in labor scheduling. A significant development in Q1 was Sysco’s planned acquisition of Edward Don. This strategic addition aligns with Sysco’s Recipe for Growth by expanding its specialty platforms and enhancing its ability to serve restaurant and hospitality customers. Sysco anticipates synergies post-acquisition, introducing the Don assortment to its existing customer base and fostering profitable growth.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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