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Sysco also announced that it’s increasing cash return to shareholders to approximately $2.25 billion in fiscal year 2025, with share repurchase now expected at $1.25 billion, along with ...
Sysco Corporation (short for Systems and Services Company) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice (like Aramark and Sodexo).
Truist Securities analyst Jake Bartlett reiterated a Buy rating on the shares of Sysco Corp (NYSE:SYY) and lowered the price forecast from $85 to $83. For the second quarter, adjusted EBITDA of ...
Sysco (NYS: SYY) carries $1.8 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road. Could this ...
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To help finance the A.E. Staley acquisition, Tate & Lyle pre-sold CFS Continental to the foodservice giant Sysco for $360 million. Not forgetting the owners had to give over 50% of their profit to taxes and debt. Sysco generated sales of $3.7 billion (1987) and CFS Continental generated sales of $2.4 billion (1987).
Sysco's earnings per share decreased 4.1% and revenue rose 4.1% year-over-year, as the restaurant industry's difficulties continued. Gross profit rose 0.7% to $1.97 billion, despite Sysco's gross ...
Sysco (NYS: SYY) is expected to report Q4 earnings on Aug. 13. Here's what Wall Street wants to see: The 10-second takeawayComparing the upcoming quarter to the prior-year quarter, average analyst ...