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The Latest Breaking News from SYY

Last week, the Fed raised its benchmark interest rates three-quarters of a percentage point, marking the most aggressive hike since 1994. And with analysts predicting the economy to slip into a recession, we think dividend aristocrats Abbott (ABT), AbbVie (ABBV), Genuine Parts (GPC), Johnson & Johnson (JNJ), and Sysco (SYY)…

StockNews.com

2 Buy-Rated Food Distribution Stocks to Add to Your Watchlist

With persistent supply chain issues and rising demand, the food distribution industry is expected to benefit. So, it could be wise to scoop up the shares of food distribution companies stocks Sysco (SYY) and US Foods (USFD). These stocks are rated Strong Buy or Buy in our proprietary rating system.

StockNews.com

5 All-Weather Stocks to Protect Your Portfolio from a Bear Market

In the current, uncertain market environment, one of the best strategies to protect one’s portfolio is to invest in stocks capable of withstanding all market and economic conditions. With fears of a looming recession, we think investors could look to add the stocks of all-weather companies Constellation Brands (STZ), Johnson…

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Looking for Passive Income? Check Out These 5 Reliable Dividend Stocks

The stock market has been gyrating wildly lately on concerns over the Fed’s tighter monetary policy to tamp down inflation, and on ongoing geopolitical crises. Furthermore, many analysts expect the U.S. economy to slide into a recession soon. Given the uncertainty surrounding the market, we think it could be wise…

StockNews.com

Sysco Looks To Transform Vehicle Fleet - Read How

Foodservice distribution company Sysco Corp (NYSE:SYY) has signed a Letter of Intent (LOI) with Daimler Truck North America (DTNA) for electric vehicle deployment. Under the agreement, Sysco will deploy up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026. The financial terms were not disclosed. The first eCascadia delivery is expected to arrive at Sysco's…

Benzinga

5 Consumer Staples Stocks to Protect Your Portfolio from Stagflation

Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a recession. Since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, we think it could be wise to bet on the stocks of fundamentally sound…

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Sysco Shares Pop On Q3 Beat, Raised FY22 Outlook

Sysco Corp (NYSE:SYY) reported third-quarter FY22 sales growth of 42.9% year-on-year to $16.90 billion, beating the consensus of $15.91 billion. The U.S. Foodservice operations sales rose 43.6% Y/Y, and International Foodservice sales grew 64.5%. Gross profit increased 42% Y/Y to $3.0 billion, and the gross margin fell 12 basis points to 17.8%. The…

Benzinga

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Sysco: Q3 Earnings Insights

Sysco (NYSE:SYY) reported its Q3 earnings results on Tuesday, May 10, 2022 at 08:00 AM. Here's what investors need to know about the announcement. Earnings Sysco beat estimated earnings by 29.09%, reporting an EPS of $0.71 versus an estimate of $0.55.

Benzinga

Preview: Sysco's Earnings

Sysco (NYSE:SYY) is set to give its latest quarterly earnings report on Tuesday, 2022-05-10. Here's what investors need to know before the announcement. Analysts estimate that Sysco will report an earnings per share (EPS) of $0.55.

Benzinga

2 Dividend Aristocrats to Buy Amid Market Turbulence

Looming interest rate increases to tame surging inflation, intensifying geopolitical tensions, and the possibility of an economic slowdown will likely keep the stock market under pressure in the near term. Therefore, we think fundamentally sound dividend aristocrats Sysco Corporation (SYY) and Nucor Corporation (NUE) could be ideal bets to ensure…

StockNews.com

Top Industry Leader Tries To Serve Up Fresh Buy Zone In Sour Market

Expecting 150% EPS growth when it reports May 10, leading food distributor Sysco is testing a new buy zone as the market corrects.

Investors Business Daily

What 5 Analyst Ratings Have To Say About Sysco

Sysco (NYSE:SYY) has observed the following analyst ratings within the last quarter:

Benzinga

Better Buy for 2022: US Foods vs. Sysco

Despite rising food prices and deepening supply chain disruptions, the growing demand for fresh and frozen food products should benefit food distribution companies Sysco (SYY) and US Foods (USFD). But which of these stocks is a better buy now? Read more to find out.

StockNews.com

Take Advantage of the Dip and Buy These 3 Dividend Aristocrats in the Consumer Staples Sector

The Russia-Ukraine war has led to heightened volatility in the stock market. The consumer staples sector faces a persistent demand, making them decline less during bear markets. Therefore, it could be worth buying the dip in consistent dividend-paying stocks in the consumer staples sector Colgate-Palmolive (CL), Sysco Corporation (SYY), and…

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Benzinga

What 7 Analyst Ratings Have To Say About Sysco

Over the past 3 months, 7 analysts have published their opinion on Sysco (NYSE:SYY) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

A Bullish Sign Appears On Sysco's Chart

If history is any guide, there may be good fortune ahead for shares of Sysco (NYSE:SYY). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

Benzinga

Sysco Earnings Perspective: Return On Invested Capital

Pulled from Benzinga Pro data, Sysco (NYSE:SYY) posted Q2 earnings of $167.44 million, an increase from Q1 of 55.7%. Sales dropped to $16.32 billion, a 0.83% decrease between quarters.

Benzinga

Sysco Clocks 41% Sales Growth In Q2; Bottom-Line Lags Consensus

Sysco Corp (NYSE:SYY) reported second-quarter FY22 sales growth of 41.2% year-on-year, to $16.32 billion, beating the analyst consensus of $16.10 billion. The U.S. Foodservice operations segment sales rose 45.1% Y/Y, and International Foodservice sales grew 42.6%. Gross profit increased 37.8% Y/Y to $2.9 billion and the gross margin fell 44 basis points to…

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Benzinga

Sysco Earnings Preview

Sysco (NYSE:SYY) is set to give its latest quarterly earnings report on Tuesday, 2022-02-08. Here's what investors need to know before the announcement. Analysts estimate that Sysco will likely report an Earnings Per Share (EPS) of $0.71.

Benzinga

Where Sysco Stands With Analysts

Within the last quarter, Sysco (NYSE:SYY) has observed the following analyst ratings:

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