Categories AlphaGraphs, Earnings, Retail

Sysco beats earnings estimates in Q4 but misses on revenue

Sysco Corporation (NYSE: SYY) reported a 19% jump in earnings for the fourth quarter driven by lower interest expense as well as higher other income. The bottom line exceeded analysts’ expectations while the top line missed consensus estimates due to a drop in sales from International Foodservice operations.

Net income climbed by 19% to $535.8 million or $1.03 per share. During the quarter, the company managed expenses well and delivered solid operating income growth. Adjusted earnings increased by 17% to $1.10 per share.

Net sales rose by 1% to $15.47 billion. The top-line growth was benefited from higher total case volume within US Broadline operations despite a decrease in sales from International Foodservice Operations.

Sysco beats earnings estimates in Q4 but misses on revenue

Looking ahead, the company continues the progress of its transformative initiatives, which are believed to lift the ease for customers doing business with Sysco. This position Sysco well for the long-term growth and create shareholders value in fiscal 2020 and beyond.

For the fourth quarter, sales from US Foodservice Operations increased by 2.8%. However, sales from International Foodservice Operations declined 0.8% as foreign exchange negatively impacted sales by 0.8%. Sales from Sygma dropped 7.7% while other sales increased by 7.8%.

Local case volume within US Broadline operations increased 1.4%, of which 1.3% was organic, while total case volume within US Broadline operations rose 0.4%, of which 0.3% was organic.

Also read: Kraft Heinz Q2 earnings review

Cash flow from operations was $2.4 million for fiscal 2019, which was $255.8 million higher compared to the prior-year period. Free cash flow was $1.7 billion, which was $249.9 million higher compared to the prior year.

Capital expenditures, net of proceeds from sales of plant and equipment, totaled $671.5 million, which was $5.8 million higher compared to the prior-year period.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Abbott Laboratories (ABT) Q2 2024 Earnings: Key financials and quarterly highlights

Abbott Laboratories (NYSE: ABT) reported second quarter 2024 earnings results today. Net sales increased 4% year-over-year to $10.4 billion. Net earnings decreased 5% to $1.3 billion, or $0.74 per share,

Key highlights from Domino’s Pizza’s (DPZ) Q2 2024 earnings results

Domino’s Pizza, Inc. (NYSE: DPZ) reported second quarter 2024 earnings results today. Total revenues increased 7.1% year-over-year to $1.09 billion. Net income increased 29.8% to $142 million and EPS grew

United Airlines (UAL) Q2 adj. earnings drop but beat estimates; revenue up 6%

United Airlines Holdings, Inc. (NYSE: UAL) reported a decline in adjusted earnings for the second quarter of 2024 when the company's revenues increased year-over-year. The bottom line came in above

Comments

  1. Pingback: Leandro Farland
  2. Pingback: Inclusiveness
  3. Pingback: fue online catalog
  4. Pingback: MBA in FUE
  5. Pingback: Bachelor's Degree
  6. Pingback: Water Bath
  7. Pingback: Finance degree
  8. Pingback: Business majors
  9. Pingback: ?????? ??????
  10. Pingback: MBA degree Cairo
  11. Pingback: Career development
  12. Pingback: Community impact
  13. Pingback: Young Arab Voices
  14. Pingback: MBA degree Cairo
  15. Pingback: arm extension
  16. Pingback: livpure
  17. Pingback: Fiverr Earn
  18. Pingback: Fiverr Earn
  19. Pingback: Fiverr Earn
  20. Pingback: Fiverr Earn
  21. Pingback: Fiverr Earn
  22. Pingback: fiverrearn.com
  23. Pingback: fiverrearn.com
  24. Pingback: fiverrearn.com
  25. Pingback: TMS System
  26. Pingback: clima de hoy
  27. Pingback: fiverrearn.com
  28. Pingback: fiverrearn.com
  29. Pingback: Piano Removals
  30. Pingback: smartphones
  31. Pingback: future university
  32. Pingback: future university
  33. Pingback: future university
  34. Pingback: future university
  35. Pingback: FiverrEarn
  36. Pingback: frenchies texas
  37. Pingback: lean six sigma
  38. Pingback: FUE
  39. Pingback: FUE
  40. Pingback: FUE
  41. Pingback: FUE
  42. Pingback: FUE
  43. Pingback: FUE
  44. Pingback: Classic Books 500
  45. Pingback: Fiverr.Com
  46. Pingback: Streamer
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: partners
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: french bulldog
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: rings
  61. Pingback: Situs Slot Online
  62. Pingback: Kuliah Termurah
  63. Pingback: synogut legit
  64. Pingback: cheap sex cams
  65. Pingback: fullersears.com
  66. Pingback: live sex cams
  67. Pingback: frt trigger
  68. Pingback: efos y edos
  69. Pingback: 늑대닷컴
  70. Pingback: One Peace AMV
  71. Pingback: superslot
  72. Pingback: allgame
  73. Pingback: 918kiss
  74. Pingback: หวย24
  75. Pingback: Cleansing skincare
  76. Pingback: pg slot
  77. Pingback: resort lake placid
  78. Pingback: megagame
  79. Pingback: 6mm arc ammo
  80. Pingback: ozempic
  81. Pingback: itsMasum.Com
  82. Pingback: itsmasum.com
  83. Pingback: stranger chat
  84. Pingback: joker gaming
  85. Pingback: bangkok jobs
  86. Pingback: live cam sex
  87. Pingback: Kampus Islami
  88. Pingback: 918kiss

Comments are closed.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top