SYSCO Corporation(SYY)- NYSE
  • Mon, Aug. 15, 8:02 AM
    • SYSCO (NYSE:SYY): Q2 EPS of $0.64 beats by $0.03.
    • Revenue of $13.6B (+9.7% Y/Y) misses by $80M.
    • Shares +4.6% PM.
    • Press Release
    | Mon, Aug. 15, 8:02 AM | 4 Comments
  • Mon, Feb. 1, 10:22 AM
    • Sysco (SYY +5.8%) jets higher after volume gains in FQ2 helped to drive results above expectations.
    • The company has bounced back from the U.S. Foods merger rejection quicker than some analysts anticipated.
    • Previously: SYSCO beats by $0.07, revenue in-line (Feb. 1)
    • Previously: More on SYSCO's FQ2 (Feb. 1)
    | Mon, Feb. 1, 10:22 AM | 2 Comments
  • Mon, Feb. 1, 8:44 AM
    • SYSCO (NYSE:SYY) reports Broadline sales rose 0.6% to $9.6B in FQ2.
    • SYGMA sales dropped 3.4% to $1.5B.
    • Other sales increased 10.9% to $1.4B.
    • Acquisition contributed 0.4 percentage point of growth in the quarter.
    • Gross margin rate improved 50 bps to 17.75%.
    • Adjusted operating margin rate grew 31 bps to 3.59%.
    | Mon, Feb. 1, 8:44 AM | 1 Comment
  • Aug. 14, 2015, 12:57 PM
    • Trian Fund Management officially files notice of its 7% stake in Sysco (SYY +8.4%). The largest blocks of shares were purchased in August, although the accumulation has progressed steadily since June.
    • The filing indicates Trian expects to have an active role with Sysco.
    • "The Trian Group intends to have further discussions with members of the Board of Directors."
    • "The Reporting Persons may take other steps or make other recommendations intended to enhance shareholder value."
    • SEC Form 13D
    • Previously: Sysco pops after report of Trian position
    | Aug. 14, 2015, 12:57 PM
  • Aug. 14, 2015, 12:45 PM
    • Sysco (SYY +6.4%) is higher after CNBC tips Trian Partners has taken a stake.
    • The hedge fund's position is reported to be 7%.
    | Aug. 14, 2015, 12:45 PM | 2 Comments
  • Jun. 29, 2015, 8:17 AM
    | Jun. 29, 2015, 8:17 AM | 2 Comments
  • Jun. 24, 2015, 8:07 AM
    • Shares of Sysco (NYSE:SYY) fall in early trading after the FTC blocked its merger with US Foods.
    • The company isn't expected to appeal the decision due to the cost of stretching out the merger timeline even if it won in court.
    • The position of the regulator is that a combined Sysco-US Foods entity would dominate the broadline foodservice market.
    • Previously: Judge blocks Sysco merger with US Foods (Jun. 23 2015)
    • SYY -1.6% premarket to $36.99.
    | Jun. 24, 2015, 8:07 AM | 3 Comments
  • May 4, 2015, 8:49 AM
    • SYSCO (NYSE:SYY) reports Broadline sales rose by 4.73% to $9.53B.
    • SYGMA sales declined 1.09% to $1.51B.
    • Sales from acquisitions increased total sales by 0.6%.
    • Gross margin decreased 17 bps to 17.52%.
    • Adjsuted operating margin -23 bps to 3.21%.
    • FQ3 results
    | May 4, 2015, 8:49 AM
  • Dec. 9, 2013, 11:24 AM
    • The outsized rally in Sysco (SYY +13.1%) following its purchase of US Foods is tied to a deal price which analysts see as coming in on the low end.
    • Though shares have fallen back from their lofty +$43 perch, sentiment is still decidedly bullish on volume already 10X normal trading activity due to the enormous synergy opportunities presented by the combination.
    • Unlike many merger partners, Sysco and US Foods are fairly complimentary on a geographic basis.
    | Dec. 9, 2013, 11:24 AM | 10 Comments
  • Dec. 9, 2013, 9:15 AM
    | Dec. 9, 2013, 9:15 AM | 1 Comment
  • Dec. 9, 2013, 8:11 AM
    • Sysco (SYY) buys U.S. Foods in a deal that has a total enterprise value of close to $8.2B inclusive of the assumption of debt.
    • After the merger closes, US Foods shareholders will hold approximately 87M shares of Sysco.
    • The new combined company expects to realize annual synergies of $600M.
    • The deal is slated to close in Q3 of 2014.
    • SYY +10.2% premarket.
    | Dec. 9, 2013, 8:11 AM | 9 Comments
  • Aug. 12, 2013, 3:21 PM
    • Sysco (SYY -5.6%) trades lowering after reporting sub-par Q2 earnings on higher food costs and ongoing consumer weakness in the restaurant sector.
    • An unfavorable shift in restaurant spending and mix also cut into Sysco's profitability.
    • Looking at the current fiscal year, CEO Bill DeLaney says Sysco forecasts gradual improvement.
    | Aug. 12, 2013, 3:21 PM
  • Nov. 5, 2012, 1:20 PM

    Sysco (SYY -2.3%) dips after its FQ1 earnings missed the mark on a per share basis and its revenue narrowly slips by. Net earning fell 5.3% Y/Y as improved sales were largely offset by higher food and transportation expenses, plus increased charges related to its multiyear overhaul. Gross margin eased to 18.1% from 18.4%, while operating expenses were up 6%.

    | Nov. 5, 2012, 1:20 PM
  • Aug. 13, 2012, 9:55 AM

    Shares of Sysco (SYY +3.3%) open strong after the company beat the estimate of analysts with its FQ4 report. Though food inflation cut into margins, revenue held relatively stable.

    | Aug. 13, 2012, 9:55 AM
  • Aug. 13, 2012, 8:09 AM
    Sysco (SYY): FQ4 EPS of $0.62 beats by $0.06. Revenue of $11B (+5.9% Y/Y). Shares +3.3% prerket. (PR)
    | Aug. 13, 2012, 8:09 AM
  • May 18, 2012, 1:03 PM

    Sysco (SYY -1.9%) slides on a downgrade to Underweight at Barclays, based on high food inflation, aggressive competitor pricing, and lack of dividend growth. the firm also lowers its price target to $27 from $28.

    | May 18, 2012, 1:03 PM | 3 Comments
Company Description
Sysco Corp. engages in the selling, marketing and distribution of food and food related products to the foodservice or food-away-from-home industry. It operates through the following segments: Broadline, SYGMA and Others. The Broadline segment distributes a full line of food products and a wide... More
Sector: Services
Industry: Food Wholesale
Country: United States