Skip to main content

Market Overview

Recap: Sysco Q2 Earnings

Share:

 

Shares of Sysco (NYSE:SYY) were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 80.00% over the past year to $0.17, which missed the estimate of $0.34.

Revenue of $11,559,000,000 declined by 23.07% from the same period last year, which missed the estimate of $12,330,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Sysco hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Feb 02, 2021

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/sysco/mediaframe/43372/indexr.html

Recent Stock Performance

52-week high: $83.25

52-week low: $26.00

Price action over last quarter: Up 17.83%

Company Description

Sysco is the largest U.S. food-service distributor, boasting 16% market share of the highly fragmented food-service distribution industry. Sysco distributes over 400,000 food and nonfood products to restaurants (62% of revenue), healthcare facilities (9%), travel and leisure (7%), retail (5%), education and government buildings (8%), and other locations (9%) where individuals consume away-from-home meals. In fiscal 2020, 81% of the firm's revenue was U.S.-based, with 8% from Canada, 5% from the U.K., 2% from France, and 4% other.

 

Related Articles (SYY)

View Comments and Join the Discussion!

Posted-In: BZI-RecapsEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com