Categories AlphaGraphs, Consumer, Earnings

Infographic: Sysco (SYY) stock gains after Q1 numbers beat view

Sysco Corporation (NYSE: SYY), a leading distributor of food products, said its first-quarter sales and earnings decreased from last year. However, the company’s stock rallied early Tuesday, soon after the announcement, as the results were better than the outcome analysts had predicted.

Sysco Corp Q1 2021 earnings infographic

September-quarter profit, adjusted for non-recurring items, dropped to $0.34 per share from $0.98 per share in the corresponding period of last year. Market watchers were looking for a faster decline. At $216.9 million or $0.42 per share, unadjusted profit was down 52% year-over-year.

The bottom-line was impacted by a 23% decrease in net sales to $11.8 billion, which, however, came in slightly above the consensus forecast.

Read management/analysts’ comments on Sysco’s Q1 2021 results

Shares of Sysco moved up about 5% on Tuesday mornings, after closing the previous session higher.

  • Sysco (SYY) Q4 2020 Earnings Infograph
  • Sysco beats earnings estimates in Q4 but misses on revenue

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Micron Technology (MU) Q3 Earnings: Key financials and quarterly highlights

Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared

Constellation Brands (STZ): Earnings beat and share structure revamp put brewer in the spotlight

Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.

Infographic: Key highlights from Constellation Brands (STZ) Q1 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06

Add Comment
Viewing Highlight