31.10.2023 13:08:15 - dpa-AFX: Sysco Corp. Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Sysco Corp. (SYY) announced a profit for its first
quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $503.39 million, or $0.99 per share. This
compares with $465.57 million, or $0.91 per share, in last year's first quarter.

Excluding items, Sysco Corp. reported adjusted earnings of $541.61 million or
$1.07 per share for the period.

Analysts on average had expected the company to earn $1.04 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 2.6% to $19.62 billion from $19.13
billion last year.

Sysco Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $503.39 Mln. vs. $465.57 Mln. last year.
-EPS (Q1): $0.99 vs. $0.91 last year.
-Analyst Estimate: $1.04
-Revenue (Q1): $19.62 Bln vs. $19.13 Bln last year.

-Guidance:
Full year EPS guidance: $4.20 to $4.40


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SYSCO CORP. DL 1 859121 Xetra 67,450 28.05.24 12:00:45 +0,270 +0,40% 67,490 68,270 67,450 67,180

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