Sysco Corp (NYSE:SYY)

$ 76.35 0.98 (1.3%) Market Cap: 37.51 Bil Enterprise Value: 49.70 Bil PE Ratio: 19.63 PB Ratio: 17.00 GF Score: 93/100

Q1 2025 Sysco Corp Earnings Call Transcript

Oct 29, 2024 / 02:00 PM GMT

Release Date Price: $74.17 (-1.24%)

Transcript 10-Q8-K

Key Points

Positve

Sysco Corp (SYY) reported a total revenue of $20.5 billion for the first quarter, marking a growth of 4.4%.
The international business segment showed strong performance with a 3% increase in top-line growth and a 12% rise in adjusted operating income.
Sysco Corp (SYY) reconfirmed its full-year guidance, indicating confidence in meeting its financial targets.
The company is seeing strong performance in non-restaurant sectors, particularly in the business and industry sector.
Sysco Corp (SYY) is actively expanding its specialty platform, which is expected to contribute significantly to future growth.

Negative

Foot traffic to restaurants was down 3.6% for the first quarter, impacting overall sales.
Gross profit margin decreased by 27 basis points year-over-year, primarily due to customer mix and strategic sourcing timing.
Local case growth was only 0.2% for the quarter, indicating challenges in expanding local business.
There were transitional issues with the new sales consultant compensation model, affecting short-term performance.
Sysco Corp (SYY) experienced a nominal decline in Sysco brand penetration year-over-year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SYY.N - Sysco Corp
Q1 2025 Sysco Corp Earnings Call
Oct 29, 2024 / 02:00PM GMT

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Conference Call Participants
=====================
* Kevin Kim
Sysco Corp - Vice President of Investor Relation
* Kevin Hourican
Sysco Corp - President, Chief Executive Officer, Director
* Kenny Cheung
Sysco Corp - Chief Financial Officer, Executive Vice President
* Kelly Bania
BMO capital market - Participant
* Alexander Slagle
Jefferies - Participant
* John Ivankoe
JP Morgan - Participant
* Mark Carden
UBS Equities - Participant
* John Heinbockel
Guggenheim Securities LLC - Participant
* Edward Kelly
Wells Fargo Securities, LLC - Participant
* Brian Harbour
Morgan Stanley - Participant
* Jeffrey Bernstein
Barclays - Participant

=====================
Presentation
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